Parish Endowment

The purpose of the Fund is to provide additional revenue for the promotion and development of the religious, charitable, and educational activities of the Church.

The Episcopal Church of All Saints is blessed with a generous membership whose gifts of cash and property help sustain its financial needs. Therefore, the Church will maintain appropriate stewardship of all gifts, cash and property, and will follow a disciplined path in receiving and/or disposing of such gifts with the understanding that these gifts are to be used to glorify God.

The Church will accept unrestricted gifts, and gifts for specific programs and purposes provided that such gifts are not inconsistent with its stated mission, purposes, priorities and intent. The Church will not accept gifts that are: unduly restrictive in purpose; difficult to administer; inconsistent with the mission of the Church; or gifts subject to donor control. In addition, the Church will not accept gifts of:

• Closely held stock transfers that are subject to buy-sell agreements.
• Documents wherein the Church is named as Trustee.
• Gifts involving bargain sales or other documents wherein the Church would be required to assume an obligation.
• Options or futures contracts or any investment vehicle that would expose the Church to undue risk.
• Transactions with potential conflict of interest that may invoke IRS sanctions.
  

The Vestry, or the Endowment Committee in the case of gifts to the Fund, shall make all final decisions on the restrictive nature of the gift, and its acceptance or refusal.