As St. Barnabas reflects and celebrates our 40th Year Anniversary, we are happy to report our endowment fund has now exceeded $120,000!! Thank you to our 14 Barnabas Legacy Circle members for making this happen.
As we celebrate our 40th anniversary you may also like to make a gift of $40, $400, $4,000 or $40,000. Gifts to the fund may take a variety of forms (cash, securities, life insurance, stock, other assets). The fund offers a great way for anyone to honor a special achievement (birthday, graduation, baby) or memorable event (anniversary, celebration of a life well lived) with any size gift.
The St. Barnabas Endowment Fund was established by the Vestry in 2014 to provide income in perpetuity for the Church. The fund is a permanent separate fund, and its principal is invested, not spent, to ensure its sustainability for the future. The goal of the fund is to enable St. Barnabas to fulfill its mission by developing ministries beyond what is possible through operating funds.
Gifts to the St. Barnabas Endowment Fund are in addition to regular annual pledges, and are managed by professional institutional investors. Only the interest and appreciation from the endowment is spent for projects at the discretion of the Vestry. This ensures that there will always be funds to support St. Barnabas into the future.
Those who remember St. Barnabas in their will or contribute to the Endowment Fund become members of the Barnabas Legacy Circle (gifts of $1,000 or more), and have their names listed in the legacy book, which you can find in the Chapel of the Rose.
We like to say that those who contribute to the endowment fund plant trees whose shade they will never see. St. Barnabas wants to nurture our next generations, keeping in mind the needs of our many parishioners into the future.