An endowment is a bottomless piggy bank, a pool of invested money designed to produce income that can be used for future needs. The idea behind a church endowment is to create income a church can use for its mission without spending principle. It is a method of stewardship that guarantees a church will have money to carry out its God-given tasks.
If current giving patterns persist into the 21st century, churches will find it difficult to fund their ministries solely on regular undesignated offerings. In order for churches to be fully funded, they will need to create endowments and solicit designated contributions for special ministries or events. At best an endowment is an extra source of money, a research and development fund, venture capital for local, regional and international ministries.
Endowments may be established in the name of the donor or they can be named in honor or in memory of someone special. We can supply you with legal documents and encouragement that will help you state a purpose for your fund, outline how it will be administered and how income generated by the fund is to be used. Since our founding 100 years ago we have been a partner with North Carolina Baptist churches to advance their efforts, honor their stewardship, and promote Kingdom growth.