The purpose of the WPC Endowment Fund is to receive and manage money or property from capital gifts, bequests, trusts, memorial, life insurance and other special gifts to the Church, all in accordance with rules and regulations of The Presbyterian Church (U.S.A.).
It is intended that income of the Fund not be used for ongoing church operating expenses. Rather, the undesignated income earned by the Fund shall be allocated to expand and enrich the mission and ministry of the church and to assist in capital improvement of church and WEPCO owned facilities. Possible examples include: mission, ministries, and church facilities.
Any use of the endowment principal is limited to occasions of dire emergencies and requires approval by three-fourths of the Session. Amounts in excess of $10,000 require approval of both three-fourths of Session and a majority of the Congregation. Normally, endowment spending in any year will not exceed the income generated
The laws of the land permit every person to choose how to dispose of his or her worldly possessions. Law, custom, and conscience say that it is right and proper for us to make grateful gifts to those dear to us. Tax laws make giving to the church both economical and philanthropic. By your giving, you can benefit many others while securing happiness and satisfaction for yourself. For more information, click here.