SUNDAY WORSHIP: 8:00 AM REFLECTIVE - CHAPEL | 9:30 AM COMTEMPORARY - CHAPEL | 10:30 TRADITIONAL - SANCTUARY
Memorial offerings allow members of our church community and others to make lasting special contributions in memory of a loved one or to commemorate significant events. Such gifts go for purposes in ministry that are ‘permanent’ or as ‘permanent’ as possible. FPCL provides for two such funds: The Christian Heritage and Commemorative Funds. Memorial gifts are overseen by the Funds Committee selected by our congregation.
To acknowledge someone's loss of a loved one or in gratitude for special events, such as a birthday or anniversary.
They serve to continue the enrichment of the service of the church, and funds are never used to support the annual operating budget.
Bequests specifically written in Wills or Trusts.
Appreciated securities, or other assets-a living gift.
Several life income plans are available which guarantee the donor life income or annuity, reduce or eliminate various taxes and provide eventual benefit to FPCL.
Life insurance—name FPCL on a life policy
Memorial bricks—bearing the honoree’s name; placed in the memorial garden on the church campus
Retirement plan assets—FPCL named as beneficiary.
Bank or investment accounts signed over to FPCL.
Real estate or private property signed over to FPCL.
Mail a check payable to FPCL Funds to 2020 Fifth St. Livermore, CA 94550
Designate Christian Heritage (endowment) or Commemorative. If you wish the funds to go to a specific Commemorative purpose, please include that information.
NOTE: Under the supervision of the session, this team directs the investment and use of gifts given.
This fund was formed in 2000 to permit members and friends of FPCL to create more value from their lifetime gifts and assets, and to thoughtfully consider and plan the distribution of family assets remaining when life is complete to provide financial support for FPCL ministries and facilities.
Donors wish to acknowledge and celebrate the life of a loved one; or in gratitude for special happenings such as a birth, a special birthday or anniversary, for instance.
Certainly so. Donors may designate what they want their gift to commemorate and be used for.
At this time we are growing the CHF towards a point in the future when the CHF will be able to produce income such that can be used toward making lasting capital expenditures that support special ministry needs and capital improvements to the church facility. For example, building structural modifications over and above what is maintained by the annual budget might receive allocation from CHF.
Non-cash gifts of real estate, personal property, stocks and bonds may be retained in existing form or sold with proceeds reinvested or spent according to the established Operating Policies and Procedures of the Funds Committee.
The Committee delegates detailed management of church funds to the same professional investment managers (SEI Fund Management) engaged by the Presbyterian Church USA. Reasonable management expenses are paid from investment income and not from the General Church Budget.
Christian Heritage Funds have been set aside for significant purposes outside the church expenses considered in the General Operating Budget. CHF funds are used after careful and prayerful consideration of long-term church ministry and facility needs presented to the Funds Committee.
A donor may choose to designate a specific purpose for which the gift is intended. FPCL is obligated to honor the designation of such gifts so the intended purpose is fulfilled. A donor may choose to not designate a purpose. Such funds are pooled with similarly undesignated gifts disbursed according to the judgement and discernment of the Funds Committee.
A donor may choose to honor a loved one with a memorial brick placed around the courtyard fountain next to our sanctuary. Also, a donor may designate their gift to a specific purpose, such as mortgage debt principal reduction.
A donor may choose to designate First Presbyterian Church an estate distribution beneficiary to the Commemorative Fund, to allow the purposing the gift to be determined by the combined wisdom of Session.