Nativity Trust
In 1997, the Vestry created the Episcopal Church of the Nativity Trust to provide an annual income to the Parish for the work of Christ in this generation and for generations to come. The Trust provides binding guidelines for income expenditure and protection of principal.
Where does money in the Trust come from?
The Trust receives its money from you, in gifts provided by:
- Wills
- Charitable Gift Annuities
- Pooled Income Funds
- Insurance Policies
- Lead or Remainder Trusts
- IRA, 403(B), 401(K)
- Cash, stock, royalties, etc.
- Undesignated memorial gifts
Names of persons who have made a gift or been remembered by others through a gift to the Trust will be recognized in an appropriate way.
How will Trust income be used?
Seventy-five percent of the annual income is to be used for expenses outside the normal operations of the Parish, with particular concern for outreach. Shelter, food, clothing, and medical and spiritual help will be given to God's children in need, locally and beyond.
Twenty-five percent of the annual income is available for major maintenance, capital improvement, debt service, or property acquisition. Expenditures from the Trust are under the authority of the Parish Vestry within the guidelines of the Trust.
Does the Trust replace my annual pledge?
No. The Trust provides income for special Parish programs outside the Parish budget. Information on ways to make a gift to The Episcopal Church of the Nativity Trust is available from the Trustees or from pamphlets found in the tract rack.
Why do we need a Trust Document?
- Protection of the Trust principal
- Professional management
- To encourage good stewardship of accumulated assets
- To assist the mission of this parish
Who will manage the Trust principal?
The Vestry has appointed Trustees to oversee the investment of these funds. Investment guidelines are available upon request.
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