Gifts That Keep On Giving...OCC's Endowment Fund

What is the Endowment Fund that I keep hearing about?


The Endowment Fund of Okemos Community Church is an investment account funded by member gifts. Earnings from the account are a source of funds for special projects that further the mission and work of the church or alternatively could serve as a hedge against challenging economic times. The Fund is segregated from other church monies and is managed by the Endowment Committee.


Further, it is intended to complete the financial foundation of the church as it complements the annual budget and the capital campaign fund by serving a different purpose.

  • How is ENDOWMENT giving different from other types of church giving?

    The difference between endowment funds and other types of funds, such as operating or capital funds, is that assets are invested in perpetuity. Other gifts to the church are spent shortly after they are received. The Endowment Fund is intended to provide a lasting financial base which will nourish the church's programs and activities over multiple years. It allows the church to broaden its vision and to create new programs and ministries of value to the church. Donating to Endowment is a way to make a gift that maintains its purchasing power over time while supporting the church continually.

  • How does the Endowment Fund impact the church?

    Money from the Endowment Fund is used to support grant requests submitted by church leaders and committees. It enables OCC to expand its religious, charitable and benevolent work beyond what is possible through its operating funds, mission funds, and capital-campaign funds. Endowment has supported Okemos Community Church year after year for more than 20 years. Its impact on the church is quite impressive.

    To find a list of project that have been funded by Endowment since 1989, CLICK HERE

  • How can I help support the endowment fund?

    An endowment gift can be made at any time by placing a donation in special envelopes found in the pews and placing them in the offering plate. Be sure to designate that your gift is for Endowment; otherwise, it may be directed elsewhere in the church. You can also designate a donation to Endowment as part of an estate plan, an Charitable Gift Annuity, or an IRA or Section 401(k) plan.   

  • How Does the Church Use the Money?

    Endowment Fund interest has provided OCC with nearly $169,000 over the 18 years since the first payout in 2000. In 2018 OCC received $15,615. It makes a difference. The list below documents the ways Endowment has supported the work of Okemos Community Church.

     

    Click here to see a list of the projects funded since 2000.

  • other gifts that support endowment

    No gift is too large or too small and they are all tax deductible.  Gifts can be made at any time through special envelopes located in the pews, or you can contact the church for information. Cash contributions are the most common type of gift but the fund can also accept stocks, bonds, property or almost any other financial instrument including life insurance policies. Gifts can also be made to memorialize friends and relatives and to honor a special individual, family, or event (Living Gift Program).

                                                                                                             

    Click here for instructions on how to honor an individual or event.

     

  • Can I contribute to the Fund indirectlY?

    Yes. You can support the Capital Region Community Foundation (CRCF) and support the OCC Endowment Fund at the same time by designating your CRCF contribution to fund number 779 - Okemos Community Church Endowment Fund. Your gift will be invested and administered by the CRCF with income distributed annually to the OCC Endowment Fund.

     

    Gifts to the CRCF can be made on-line by visiting their website at: www.crcfoundation.org or by mailing them a check.

  • How Can I get More information?

    For more information about making current and future gifts to the Endowment Fund, you can contact any member of the Endowment Committee, or the Pastor. Contact the church office (517-349-4220) for the name of Endowment Committee contacts.