Endowments

Prince of Peace Lutheran Church in Westlake, Ohio, through its General Endowment Fund and its Benevolence Endowment Fund, solicits and accepts gifts for the purposes that will help strengthen and extend God's mission.

General Endowment

The General Endowment Fund is used to provide grants to individuals or groups within our church for specific projects that helps fulfill Christ's great commission to reach out to others that are not covered as line items in the church operating budget.

Legacy Fund

 

Procedures and Guidelines for Legacy Fund

2021 Legacy Fund Status

The Legacy Fund, as part of the Time Capsule Initiative, is being established to provide a gift to the congregations of 2039 and as an 'insurance policy' to support the church's solid financial foundation for the next twenty years. The Legacy Fund seeks to avoid and/or if necessary, support future capital funding raising efforts by providing an emergency or backstop funding vehicle for the existing Building Fund. This Legacy Fund is independent of the Building Fund, the General Endowment Fund, or the Seminary Benevolence Fund since we desire to encourage and build value in all funds. 

Benevolence Endowment Fund

The Benevolence Fund presently has one fund whose purpose it to provide scholarship support for students engaged in seminary education in the ELCA leading to a Master in Divinity Degree (M Div.)