CHRIST OUR REDEEMER LUTHERAN CHURCH LCMS
1900 PINE STREET, SANDPOINT, IDAHO
JOIN US FOR SERVICES – SUNDAY AT 10:00 a.m.
Christ Our Redeemer Forever Fund
Christ Our Redeemer Lutheran Church in Sandpoint, Idaho has a simple mission in three parts. To Engage People. Connect Generations. Build Relationships in Christ. Thanks to the overwhelming generosity of our congregation, and the community we have been moving forward in this mission today. However, we would like to expand our horizons as well as execute this mission in perpetuity. To help us accomplish this goal, we have set up an Endowment through the LCMS Foundation. We look to be more of a blessing, to more people, for generations yet unborn.
We call this our Christ Our Redeemer “FOREVER FUND”!
How are we going to do this?
1. COR Council will appoint an Endowment Committee.
2. The Endowment Committee will report to the COR Council.
3. Endowment Dividends will be rolled over (reinvested) until the COR Endowment Fund reaches $200,000.
4. Endowment Principal will NEVER be touched.
5. Percentage of Dividends will be disbursed annually as needed. Remainder will be reinvested.
6. Endowment Dividends will not be used for salaries or other monthly expenses. They will only be used for LEGACY projects, outreach, and MAJOR maintenance.
Many people ask “How does an Endowment work?’
An endowment is a donation of money or property to a non-profit organization which uses the resulting investment income for a specific purpose. Most endowments are designed to leave the principal amount intact while using the investment income for Charitable Efforts.
The short answer is it is a 401K for Christ Our Redeemer!!
If you would like to donate to the Christ Our Redeemer Forever Fund, please click the link above.