The purpose of the Trust Fund is to enhance the work of the church by establishing stewardship opportunities additional to and apart from the general operation of the congregation. This fund is to enhance the mission of Vernon Evangelical Lutheran Church and is dedicated to the glory of Almighty God.

On behalf of this church, receive funds through gifts, memorials, bequests, wills, estates, etc. from any individual or corporation or organization or from any other source in cash or in any other property acceptable to them. All trust funds and property shall be kept and maintained separate, distinct and independent from the funds and property otherwise belonging to the church.

Inform the members of the congregation of the purposes of the Fund, and may periodically arrange for members of the congregation to meet with professional counselors in the areas of charitable giving, wills, bequests, insurance, etc.

VERNONS MEMORIAL FUND

Our Memorial Fund will receive donations, gifts and contributions that are not to be included in the Perpetual Fund or in the general fund of the church. The Trust Fund Ministry Team shall, in consultation with staff and the congregation council, compile a list of needs for designated donations. The Ministry Team shall publicize these needs to church members. The Trust Fund Ministry Team may distribute both principal and income from the Memorial Fund as designated by the donor as adopted by the Trust Fund Ministry Team.

THE PERPETUAL FUND

The Perpetual Fund will receive donations, gifts and contributions that are not to be included in the Memorial Fund or in the general fund of the church. The Trust Fund Ministry Team shall, in consultation with staff and members of the congregation, compile a list of needs for designated donations. After approval by the congregation, the Ministry Team shall publicize these needs in our church publications. The Trust Fund Ministry Team may dispense income only from the Perpetual Fund for church purposes as designated by the donor.

TAX EXEMPTIONS

Any gifts given to the Trust Fund, as well as all income derived there from, shall be used exclusively for religious, charitable, and educational purposes with Section 501 (c) (3) of the Internal Revenue Code of 1954 or the corresponding provision of any future United States Internal Revenue Law. This Trust Fund is created and shall be operated exclusively for church purposes.

Each one must give as he has decided in his heart, not reluctantly or under compulsion, for God loves a cheerful giver.

2 Corinthians 9:7

Vernon has established a Mission Endowment Fund with the ELCA

Endowment Investing

Designed specifically for congregations, synods, seminaries and other affiliates of the ELCA, the ELCA Endowment Fund Pooled Trust — Provides a long-term investment fund with distributions to support ministry.

This fund allows for the collective long-term investment of funds belonging to the ELCA and its affiliated ministries. The fund follows, to the extent practical, the ELCA’s guidelines for socially responsible investing, which discourage investments in companies that profit from the production of alcohol, military weapons and pornography, for example. Instead, the fund seeks positive social investments, directing capital to positive markets, such as community development and renewable energy.

Participants retain ownership of funds, receive quarterly statements.

For more information, email the ELCA Foundation to receive a Confidential Disclosure Statement. You can participate with an initial investment of $25,000 and subsequent deposits of $2,000 or more.

For more information please click the link: www.elca.org/Give/ELCA-Foundation/Endowment-Investing