Endowment
The current Saint Paul’s Endowment was created in 1997 with the establishment of the Saint Paul’s Endowment Trust. It is qualified as a 501(c)(3) organization.
The purpose of the Endowment is to provide a flexible mechanism for the making of donations and bequests by parishioners of Saint Paul’s Church and others, whereby the corpus, or the principal value at the time of the donation, shall be inviolate. Any disbursements from these funds are derived from the income generated by the investment of the funds and therefore represent a permanent legacy on behalf of donors.
Endowment funds are professionally managed under an agreement with the Community Foundation for the Central Savannah River Area and administered by the Saint Paul’s Endowment Committee. Donations and bequests can be made to the Saint Paul’s Endowment Fund c/o Saint Paul’s Church.
A separate endowment fund has been established to support Saint Paul’s outreach and service ministries. The Mary Kathleen Blanchard Outreach Endowment Fund was created by the estate of our beloved “MK” Blanchard to further the outreach activities of Saint Paul’s Church. This fund is managed and administered as part of the Saint Paul’s Endowment, but distributions will be restricted to outreach and service ministries. Gifts and bequests may be made to the Mary Kathleen Blanchard Outreach Endowment Fund c/o Saint Paul’s Church.
Questions and inquiries concerning donations and bequests can be made confidentially by sending contact information to Monty Osteen, chair of the Endowment Committee.
