Legacy Giving
Established in 2019, The Good Steward Endowment Fund is a long-term endowment fund whose purpose is:
"to establish a perpetual fund with a total return policy to assist the mission, outreach, charitable, and educational obligations of the Assumption Greek Orthodox Church, while maintaining the principle and promoting its growth. At no time will the Endowment Fund be used for operating expenses of the Church."
Anyone can contribute to the Endowment through charitable giving, including bequests and legacies, as well as lifetime gifts and memorial contributions. A committee, called the Investment Committee, whose members are approved by the Parish Council, ensure that the fund assets are invested according to the Good Steward Endowment Fund Investment Policy Statement by an external investment advisor.
The Good Steward Endowment Fund supports:
*Non-profit organizations: Orthodox & Non-Orthodox* ex. Hellenic College, Holy Cross Greek Orthodox School of Theology (*NORD, Ann’s Place, Dorothy Day, Ex.)
*Growth & enrichment: Internal Ministries
*New project/program seed funding: Support beyond the general operating budget devoted to strengthening the mission of the parish.
*Parishioner care: Short-term financial relief for Assumption members in good standing and experiencing extraordinary medical, financial or other hardships**.
(**Applications will remain anonymous. Submit directly to the head Priest/Proistamenos.)
*Disaster Relief: Community Relief, National Relief, International Relief
Contribute to the Good Steward Endowment Fund via:
*Estate planning: Arrange and manage your assets to include the Endowment as part of your distribution.
*Bequesting: Include the Endowment as a specific provision in your will or living trust.
*Memorial contributions: Honor your loved one with a memorial donation to the Endowment.
*Gifting: Voluntarily contribute to the Endowment
*Endowments: Donate an asset(s) to the Endowment for the perpetual benefit of it.
*Tax deduction: Donating to the Endowment can be tax-deductible if the requirements are met. Please see a tax professional for advice and confirmation.
Legacy giving is a way to ensure that your faith and generosity continue to nurture future generations long after today.
Contact us at investment@agoc.us for more information or questions.
Disclaimer: Information on this page is for general educational purposes and not intended as legal,
financial, or tax advice. Please consult your professional advisor to determine the most appropriate giving strategy for your situation.
