Endowment Giving

First Presbyterian Gainesville has been able to bless our congregation, community and the world through the thoughtful estate giving of our members and those who have felt called to support the ongoing work of the church. Below is a partial listing of opportunities and current endowment funds.

Avenues of Opportunity:

Charitable Remainder Trust
A CRT is a tax-saving and effective way to transfer assets to your church while providing you with an income source. Income can be earned from several different types of investments, professional money management, and death benefit guarantees that will help secure
the church’s interest.

Living Trust
Under this trust agreement the trustor receives benefits from the profits of the trust during their lifetime, followed by a distribution upon the death of the trustor.

Charitable Gift Annuity
This type of annuity provides the donor a guaranteed income during their lifetime as well as other benefits. The donor receives an immediate tax deduction, a reduction of the capital gains tax if the annuity is established with a gift of appreciated stock, and allows the donor to leave a legacy of love and support to their church.

Life Estate
Real property is given to the church with the right of the owner to use or occupy the property for one’s life. These properties must be deeded to the church and individual areas of responsibility clearly defined.

Insurance Policies
Life insurance policies designating the church as primary, or partial, beneficiary are an excellent means of support.

Direct gifts of stocks, bonds, and cash
Stocks, bonds and cash, as well as all of the above, may be given to the church to establish a designated or undesignated endowment fund. A minimum gift of $2,500 is required for a named endowment.

Housing and Healthcare Fund
This fund provides grants to assist with both housing and healthcare  concerns of members of our congregation. Our first priority is our elderly members. Housing assistance, mediation of medical bills, emergency funds for prescriptions or medical transport are among the
varied needs addressed through the Housing and Healthcare Fund.

There are eight individual funds under the umbrella of Housing and Healthcare:

Donor funds:
• W.R. and Rose Byers Memorial Fund
• Edith Cook Memorial Fund
• Katherine A. Dunlap Memorial Fund
• Nelson and Phyllis S. Hagar Fund
• Henry G. Heil Memorial Fund
• Ben and Fern Platt Memorial Fund
• Anne and George Thomas Fund
• J. Allen Webster Memorial Fund

Africa New Church Building Fund
(Mark and Michea Papp)

The St. Mark’s Presbyterian Church, Siavonga,
Africa was built in 2007 to serve many nearby villages. The current project is building a Manse.

Sarah Cochran Fund
The Sarah Cochran Fund meets emergency needs of members of the congregation as well as Hall County residents. History of the Sarah Cochran Fund

Joseph Hatfield Organ Maintenance Fund
Following the installation of our new Parkey (Op.11) 40 rank organ funds are needed
for long term maintenance.

Hodge Endowment Fund
This fund provides financial support to meet the needs of the physical plant and grounds of ourchurch.

Dr. Michael Hosford Memorial Fund
This fund provides support for the Child Development Center of First Presbyterian Church.

Charles H. Johnson Sacred Music Scholarship Fund
Grants are given to members of the congregation pursuing a career in sacred music. All
recommendations for this grant are made through the Worship Committee of First PresbyterianChurch.

Ray and Jean McRae Word and Sacrament Scholarship
This fund provides scholarships for young people from our congregation called to the
Ministry of the Word and Sacrament.

Missions Worldwide/local
(Dr. and Mrs. Larry Morris) This fund supports local mission projects as well as several
throughout the world.

Heber N. Padget Memorial Fund
This fund provides support for the Child Development Center’s general repairs and student

Marvin O. Richter Christian Ministry
Scholarship Fund

Support is provided for individuals from our congregation entering a church vocation.

Paul and Patsy Seals Scholarship Fund
Grants are given to members of the congregation who are called to enter into full time Christianservice. (Ordained Ministry, Director of Christian Education, Church Music, or
Missionary service.)

Pauline Ball Scudder Fund
This fund supports the music ministry of First Presbyterian Church

Tennis Ministry Fund
This fund provides our Pastors with funds to help individuals in an emergency situation.

All members of First Presbyterian Church, and their extended family living in Hall County, are eligible for grants from the scholarship and housing and healthcare funds.

Grant applications are available upon request.


Posted on

November 5, 2019

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