The Permanent Endowment Committee is is charged with overseeing a special fund that has been designated by persons to be used for ministry of the Church into the future.
Endowment fund assets are invested in perpetuity and only the interest (or part of the interest) gained from the fund is spent. Therefore, Endowments help provide a steady, predictable source of income over time and help promote long-term stability and future ministry. Many people contribute to Endowment funds through their estate plans which may include bequests, retirement plans and life insurance. Gifts may, however, be made to the Endowment at any time through cash, appreciated securities, outright gifts or real estate.