The Congregation Council has called as special meeting for Sunday, March 1 at 12pm. Members are being asked to accept the recommendations of the Generosity Committee to dedicate portions of the Rose Diestler Estate Gift to the following:
- A tithe (10% or $76,205.61 in January) to be split evenly between Lutheran Disaster Relief and Keystone Community Services. (click on the organization name to learn more)
- An allocation of $200,000.00 for a 4-to-1 match for Prince of Peace’s Enduring Gifts Fund (more on this below)
- The remaining balance ($485,850.45 in January) for congregational discernment in 2020
About the “Enduring Gifts Fund”
The church’s Enduring Gift fund is an endowment fund organized in the 1990s. The rules adopted at that time say it will be activated when the balance reaches $250,000. It now has a balance of just over $4,000. When it reaches $250,000 the Congregation will elect a committee who will make annual recommendations to the congregation on how to spend 5% of the current balance each year. To reach $250,000 and to involve church members in the process, the Generosity Committee and Council recommend to the congregation that the Rose Diestler Gift fund use $200,000 in a 4-1 match of member gifts so the Enduring Gift fund will reach $250,000.