wfn.org | FOUNDATION OFFERS "DONOR-ADVISED" FUND

[PCUSA_NEWS@ecunet.org]

9-Jun-95

95198         FOUNDATION OFFERS "DONOR-ADVISED" FUND 
 
                      by Jerry L. Van Marter 
 
JEFFERSONVILLE, Ind.--The Presbyterian Church (U.S.A.) Foundation has 
established the Steward Fund, a new program that allows a donor to advise 
the Foundation each year on how the gift should be spent. 
 
     A donor may establish a Steward Fund with a minimum initial deposit of 
$50,000.  Foundation officials characterize the new program as "a unique 
opportunity for the donor to remain involved in the use of the gift" 
through "the opportunity to offer requests on how the gift will be used." 
 
     While a portion of each Steward Fund must support the mission of the 
Presbyterian Church, there is no limit on the number of organizations that 
may be supported, as long as their work is consistent with the mission of 
the Presbyterian Church.  Steward Fund gifts are irrevocable. 
 
     Foundation president Larry D. Carr said, "I am excited the Foundation 
is now able to provide this new opportunity to support the local, national 
and worldwide missions of the church.  The Steward Fund allows donors to 
respond to the ever changing needs of the church." 
 
     More information is available from the Foundation at (800) 858-6127. 
 
 

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For more information contact Presbyterian News Service
  Presbyterian Church (U.S.A.), Louisville, KY 40202
  phone 502-569-5504            fax 502-569-8073  
  E-mail PCUSA.NEWS@pcusa.org   Web page: http://www.pcusa.org 

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