The Memorial Endowment Committee is a sub-committee of the Sun Valley Presbyterian Church Finance Committee. It oversees investments and their use which have been gifted to three major funds:
· Memorial Funds-Gifts donated in memory of a deceased may be designated for a special area of church need such as Christian Education (print a scholarship application here), Music, Scholarship Fund, Library, etc. or undesignated to be used where needed. These funds are kept in a separate account at our Bank.
· Buildings & Grounds Reserve Funds-Gifts to this fund are used primarily for church structure improvements and maintenance. Funds from this account have been used to put on a new roof, repave the parking lot, renovate the kitchen, build a handicap ramp, etc.
· Endowment Funds-Various people have willed or gifted money to our Endowment Fund with the understanding that the principal originally given will be held as a whole, however the income or growth of this money will provide funds to support special programs and projects of the church. Currently funds are being transferred to the Outreach Committee and the Buildings and Grounds for improvement projects.
Click here for the Memorial Endowment gift forms.
The Endowment Committee was formed in March of 1991 under a plan approved by the Session, which has been updated, with the latest revision being approved in December of 2003. The original plan did not include Memorial Funds, however in June of 1995, a revision merged the Memorial Committee into what is now known as the Memorial Endowment Committee.
Present members of the committee are:
Harris Thacher, Chairman
Tim O'Brien, Vice-Chairman
Judy Zhe, Secretary
Karey Roehl, Treasurer
Tom Nightingale
Louise Reidenbach
Doug Porter
Pastor as "Ex Officio"
Originally funds for Buildings and Grounds and the Endowment were invested through the Presbyterian Church (USA) Foundation. In August of 1997 the Funds were transferred to various American Funds working through M&I Bank of Beloit.
