- 2019 Jay Kennedy Memorial Scholarship Applications are now available.
- If you, or someone you know, is interested in pursuing a degree in ministry or service, be sure to apply for the scholarship by Friday, June 7, 2019. Contact Justin Riley at (360) 909-8806 or email FoundationBoard@vchurch.org if you have any questions.
A Special Purpose
If you attend our church, you’re already a member of the Foundation, and you can support the Foundation’s purpose. This purpose is to maintain an endowment fund that will continually be used for complementing and enhancing the church’s ministries, activities and properties.
Funds and Usage
The Foundation’s principal funds come from monetary and non-monetary gifts our members (like you) provide, such as cash, stocks, bonds and real estate. Gifts to the Foundation are tax deductible and may enhance the value of your estate. The establishment of a trust to benefit the Foundation may also be a prudent step in your own income or estate tax planning.
It’s important to note that only the annual income generated from the principal is used to honor requests for specific projects and needs. The endowment funds will not be used for the church’s annual operating costs, and none of the principal will be spent unless an emergency threatens the church’s existence. Together these guidelines ensure that the endowment will provide lasting support. You can be certain any gift you give will be a continual blessing and affect many lives around the world.
Here’s an example:
If a $10,000 gift to the Foundation is invested at eight percent annually, the gift will yield $800 per year. After 20 years, the gift will have provided $16,000 to the endowment fund, and the original $10,000 will still be intact to provide for future needs. In contrast, the same amount given directly to the church for immediate use, would have shorter-lived benefits.
Giving to the Foundation is not an alternative to tithing; it is an additional way to support the church. Gifts of any amount are welcome and will be used to promote the Gospel of Christ. If you prefer, you can make weekly gifts using the offering envelopes. For lump sum amounts or estate planning, contact the church office. Whichever method you choose, know that the gifts you entrust to the Foundation will continue to work on your behalf as a lasting memorial to your generosity.
The Foundation will direct funds to benefit the ministries of the Vancouver First Church of God. Examples include scholarships, Christian education, missions, buildings and facilities, and a general fund. Income generated from the Foundation’s endowment will be directed as specific needs are presented. An open application process has been established to give all church ministries and individuals the opportunity to request assistance from the Foundation Board.
For more information about the Vancouver First Church of God Foundation, or to make a lasting gift, contact the church office at 360.574.1611 or email them. The office maintains a list of current Foundation Board members, and each of these individuals will be happy to assist you.