The Northminster Foundation
About the Foundation Specially Designated Funds Legacy Society
How to Give Letter of Intent Contact Us
What is the Northminster Foundation?
Created in 1987 by pastors and devoted Church members, the Northminster Foundation is a vision ministry. It looks to the future.
The Foundation was created as an endowment to:
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Secure the future ministry of Northminster
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Provide additional income each year for the ongoing work of the Church
The Foundation’s Mission Statement is:
To protect and grow the future of Northminster Presbyterian Church and its vision to engage with neighbors near and far in Christ’s love.
The Foundation is funded with gifts from members of the Church. The funds are invested to grow the endowment. Generally, only income generated from investments is spent on the Church’s ministry. Principal funds are preserved for additional growth and emergency needs of the Church.
Since 2013, the Foundation has provided more than $1.3 million to the Church for operating expenses and emergency needs.
To learn more about the Foundation, download this slideshow to learn more!
Specially Designated Funds
The Foundation manages both general funds for the benefit of the Church and special funds for particular purposes as directed by the donors. The current special funds include:
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Mathias Fund for scholarships to theology students
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McGaughey Fund to support special events in the Church such as guest speakers, training for Church leaders, and musical programs
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Mission Fund to enhance the mission work of the Church
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General Relief Fund for ministry to the needy, homeless, abused, and hungry in the community
How to Give
Donations to the Foundation may be made in several ways:
Bequest in Your Will: This is the most common way. A bequest states that a certain dollar amount or a percentage of your estate will be given to Northminster Presbyterian Church Foundation upon your death.
Gifts During Your Lifetime: You may make a one-time donation or periodic donations at any time during your lifetime.
Beneficiary of a Retirement Account: You may designate Northminster Presbyterian Church Foundation as a beneficiary of a retirement account to receive a certain dollar amount or a percentage of the account upon your death. This is an effective charitable giving option because it may help avoid paying income taxes.
Beneficiary of an Insurance Policy: Similar to naming the Foundation as a beneficiary of a retirement account, you may name the Foundation as a beneficiary of a life insurance policy. You may obtain a beneficiary designation form from the insurance company.
Transfer on Death: Many items of value including bank accounts, cars, stocks and other assets may be designated to be transferred upon your death directly to the Foundation.
Memorial Gift: You may honor a special person or occasion by making a memorial or honor gift to the Foundation.
Required minimum distributions from retirement accounts: If you are required to take a required minimum distribution from a retirement account each year and do not need all that income, you may direct that all or part of the distribution be donated directly to the Foundation. This will allow you to avoid paying income taxes on the amount donated.
Legacy Society
Donors who contribute to the Foundation or the Church through their estate plan or to the Foundation during their lifetime will be recognized as members of the Legacy Society. Their donations leave a legacy that will support Northminster’s continued ministry for generations to come.
If you decide to join in that legacy by making a gift through your estate plan, please complete and return the Letter of Intent to the Church so the Foundation will know of your plans. You will then become a member of the Legacy Society. No outlay of funds is required before the death of the donor.