The Bruton Parish Church Foundation, Inc.
Mission Statement: The Bruton Parish Church Foundation provides financial support for Bruton Parish Church and its Christian ministries by encouraging philanthropy, gratefully receiving money, securities and other valuable assets, and prudently investing all gifts and bequests made to the Foundation, building an endowment that will provide funds for the current operations and future needs of the Church.
The Bruton Parish Church Foundation, Inc., commonly called “The Foundation”, was established in 2003. The Board of Directors hopes this overview will help parishioners and other readers fully understand The Foundation’s purpose and operation. A Virginia tax-exempt non-stock corporation, The Foundation exists to receive gifts and bequests made to Bruton Parish Church outside of annual giving. Its purpose is to assist the church to fully carry out its mission and develop its ministries.
Foundation assets are invested in The Diocesan Composite Fund — a professionally managed permanent fund sponsored by the Diocese of Southern Virginia. The intent is that the principal be preserved and grow over time, while a portion of the earnings may be distributed annually for the benefit of Bruton Parish. In 2012 the Foundation contributed $8,000 to the operating budget of the Parish and for 2013, $10,000. The annual distribution is expected to range from 3-5 percent of the three-year rolling average of assets. The distribution may be applied for broad purposes, such as capital needs, outreach, program needs, or new ministries.
The Foundation is governed by a Board of Directors, which meets quarterly to review financial reports and provide continuous oversight (The Rev'd Chris Epperson, Rector; Martha P. Easton, Senior Warden; Steve Hibbitts, Treasurer; Stephanie H. King, Chairman, Ministry of Gift Planning; William H. Carr; Bryant Cureton; William F. Grant; James M. Haggard, Secretary; Alison V. Lennarz, President; James Parrish;
Todd Skinner). Four members are permanent directors who hold their positions by virtue of their positions in the parish. Between three and eight additional directors are appointed by the vestry for staggered three-year terms.
The Foundation relies on contributions and gratefully accepts them at any time. They generally fall into two categories: current gifts and planned gifts.
Current gifts are outright gifts of cash or securities, often made as memorial gifts. Memorial gifts are contributions in honor of someone who has died. Following a death, the family of the deceased may specify that friends and acquaintances may make a donation to The Bruton Parish Church Foundation. This is a generous and thoughtful way to recognize someone who was devoted to Bruton during their earthly life. Just as we sing about “a cloud of witnesses” who hold us “in full survey”, contributions in their memory will build up the church for future years. Whether large or small, they produce income in perpetuity. Current gifts may also be made in appreciation for or in honor of a living person, perhaps to mark a special occasion, accomplishment or milestone. Gifts to The Foundation are generally tax-deductible.
Simply put, a planned gift means that a person has made the decision to make the church a recipient in their estate planning. Planned gifts most commonly take the form of a bequest in a will or trust, but there are other options that are suitable in individual cases. Each option is a means of making an educated choice about the disposition of one’s resources. A group called The Legacy Society is open to anyone who has made a planned gift in any form or amount.
Understanding gift planning and making it available at Bruton is known as The Ministry of Gift Planning. A brochure was created summarizing the ways in which gift planning can work to benefit the donor, the donor’s family and The Foundation. It is available at the reception desk in the Parish House or by contacting Stephanie King, chair of the Ministry of Gift Planning, or Dudley Hoyle, Comptroller, by phoning 757-229-2891.
In closing, we are surrounded by evidence of the generosity of those living today and those who came before us. As we approach the beginning of our fourth century in 2015, it is our turn to help so that Bruton Parish will remain a thriving place for many years to come.
Your check payable to The Bruton Parish Church Foundation, Inc. is gratefully received at any time, by mail to:
Bruton Parish Church
P.O. Box 3520
Williamsburg, Virginia 23187-3520
Your gift may be made in appreciation, in honor, or in memory of someone you as you specify, and we will notify this person or people according to your instructions.
You may also follow this link make a gift online.
We are grateful for your support. Your gift will build upon those made to the Foundation since its inception. Thank you.
A cloud of witnesses around hold thee in full survey;
Forget the steps already trod and onward urge thy way.
Philip Doddridge, 1755, Hymn 546