Once a year, and no later than April 1, the Endowment Committee of St. Peter’s makes a determination and recommendation for the Annual Available Funds (“AAF”) based on the previous calendar year. Portions of the AAF may be disbursed as determined by the Church Council upon the recommendation of the Deacons.
The AAF shall be between a minimum of 2.5 percent and as much as 5 percent of the Trust Fund balance, plus any carry forward of unspent AAF from prior years.
Disbursements are not recommended for recurring annual church operating expenses.
This application will be available to all members of St. Peter’s to apply for funds from the Endowment Fund. Projects must relate to St. Peter’s faith statement of “Love God, Nurture Faith and Share Gifts.”