How is the Fund
governed and managed?
The articles of Incorporation and By-laws establish how the Foundation
operates. The endowment fund is owned by the members of Elim and is
managed by a five member board of directors elected by its members.
The board volunteers its services to the foundation.The board
promotes, fosters and solicits funds of every kind and from any person
or party.
Funds are managed for growth and income to protect the principal.
Only the earnings from your funds will be spent annually for special
programs and benevolence. No part of the funds will be used for
operating expenses of Elim.
YOUR DREAM is of utmost importance in determining how
the board will direct the use of your contribution according to your
wishes.
Constitution and By-laws are available for your review at the Elim
Church office.
How Can I contribute?
Contributions can be made in cash, real estate, stocks, bonds,
insurance and other securities; or in your will as a bequest and
trust. There are ways to avoid or diminish estate or capital gains and
provide a continuing source of income to the donor. Again, the focus
will be on YOUR DREAM.
Elim Foundation can be a beneficiary (or partial beneficiary) in a
specified percentage in your:
* Will
* Living Trusts or other Trusts
* Life Insurance
* Bank Accounts
* Savings Bonds
* Retirement Plans (IRA, 401K, or others)
* Life Estates/ Remainder of Real Estate
* Charitable Remainders
Contributions are tax deductible and may provide substantial tax
benefits to the giver in addition to providing opportunity for
stewardship, personal fulfillment and declaring your values to family
and others whom you can positively influence.
What can I do now?
Talk with your pastor or board member or call the church office at
651-433-2723 for further information.
Consult with your legal council, insurance agent, financial
planners, your family and others who have an understanding of
YOUR DREAM.
Attend public workshops and planning seminars.
Notify the church office if you would like to attend a seminar on
financial planning.
Pray for understanding and guidance.
Can I continue to be a positive
force to share the love of God in Jesus Christ in years to come?
YES! YES! YES! YES!
Your gift to the Foundation is perpetual. The funds principal
continues to generate income for God's Kingdom after your life on
earth, continuing to fulfill YOUR DREAM in Christian
Outreach.
We welcome your interest and efforts. Please let us respond.
Current Foundation
Board Members Greg Benson, Director
Mike Callas, Director
Laurie Carlson, Treasurer
Bonnie McKinney, Secretary
David Rovang, Director
Lee Sandager, Foundation President
Don Theisen, Council Representative
Scott Westphal, Senior Pastor |
