Create your legacy with a commitment to giving.
Why a foundation?
The Foundation was established to provide a more permanent vehicle to expand the ongoing ministry of our church through planned and memorial giving.
First Presbyterian Church Sarasota first established endowment funds in 1992 to allow members and friends of the church an opportunity to bestow long-term sustainable support of the Lord’s work.
How does The Foundation operate?
The Foundation for The First Presbyterian Church of Sarasota, Inc. operates as a Florida not for profit 501(c)(3) corporation. It is managed by a Board of Directors comprised of seven active members of First Presbyterian Church Sarasota. Four members of the board are appointed by The Session and the remaining three members are appointed by the elected board.
The Covenant Society – A gift for the future
The Covenant Society was established in 1996 to recognize those individuals and families who have or plan to support the mission of First Presbyterian Church of Sarasota with a planned gift. Today there are more than 50 members, each providing a real vision for the future of our church.
As a member of The Covenant Society, your gift can be a living memorial in your name or the name of a loved one providing a legacy of your faith that will ensure the work of Jesus Christ will continue long after you are gone.
Ways you can give include making a current gift of cash, stock, or real estate to the church or its foundation. You may also give at your death by naming The Foundation to receive a gift through your Will or Trust Agreement, as the beneficiary of a life insurance policy or retirement account, or as the charitable recipient through a charitable remainder trust or charitable gift annuity.
About The Endowment Funds
GOD HAS A PURPOSE FOR OUR CONGREGATION BEYOND YOUR LIFETIME.
“You will be made rich in every way so that you can be generous on every occasion, and through us your generosity will result in thanksgiving to God. ” 2 Corinthians 9:11
The Foundation for First Presbyterian Church of Sarasota, Inc. receives and uses gifts for the future ministry of this church in the name of Jesus Christ. The gifts will be used as directed by the donor through one of the following five funds.
General Endowment Fund
This fund is for gifts not designated to a particular fund but is maintained as part of the endowment. Distributions are made to the Session of the church and used as directed by the Session based on current needs.
Mission & Ministry Fund
This fund is for gifts used in a variety of ways to enable mission and ministry, education and formation, and worship and music in the life of the church and community. The gifts are maintained as part of the endowment, and distributions are used to support benevolences, mission and ministries of the church at home and abroad.
Scholarship Endowment Fund
This fund is for gifts maintained as part of the endowment and used to provide scholarships for members of First Presbyterian Church.
Property Endowment Fund
This fund is for gifts used to support the maintenance, repair and improvement of the church property, including the acquisition of church property and reduction of debt on church property. The gifts are maintained as part of the endowment.
Designated Gifts Fund
This fund is for restricted gifts, which are not intended to be maintained as part of the endowment, but rather to be used according to the intention of the donor and with the approval of the Session.