ENDOWMENT

The First Lutheran Church Endowment Fund was established by the congregation in January, 1999. The purpose of the Fund is "to support the property and mission of First Evangelical Lutheran Church of Palo Alto, California." As is ordinarily the case with endowment funds, it is expected that distributions will be made from interest earned on the Fund, rather than from the Fund itself.

At the time the Fund was established, it was decided that no distributions from the Fund will be made until assets in the Fund reach a total market value of $100,000. Although numerous gifts to the Fund have been made, the Fund balance has not reached that level, so no distributions have been made.

The FLC Endowment Fund is directed by the Endowment Fund Committee, which serves as custodian of the Fund on behalf of the congregation. A separate account, the FLC Endowment Fund, was opened at Charles Schwab and contains the funds dedicated to the Endowment.

How To Give

1. Bequest. Include First Lutheran Church Endowment in your will or trust.
   
2. Shares of stock. Transfer stock to the FLC Endowment Fund account.
   
3. IRA or Retirement plan. Request a change of beneficiary to FLC Endowment Fund.
   
4. Gift of a life insurance policy. Make FLC the owner as well as beneficiary.
   
5. Gift of your home. Arrange to give your home to FLC when you no longer need it.
   
6. Purchase a gift annuity. Obtain income until you no longer need it, when the original purchase amount is paid to FLC.
   
7. Charitable remainder trust. Obtain income, with the remainder eventually going to FLC.

Contact any of the Endowment Committee for further information on these or other gift alternatives for the Endowment Fund.