2. How is the Manly Memorial Baptist Church Endowment Fund structured?

 Manly Memorial Baptist Church is not founded on bricks and mortar, but on Jesus Christ.  Our strength is derived from the faith, commitment and God-inspired vision of our members.  The Endowment Fund was created to provide a means for members of the Church, and others, to make gifts and bequeath property to the Church to provide for continued stewardship beyond our lifetimes.

 Ron Hall, President and CEO of Virginia Baptist Foundation, recently described our traditional Sunday offerings and tithes as “Little Jar” gifts – coming from current income through cash gifts.  He went on to explain how planned or estate gifts could be looked at as coming from the “Big Jar” -- gifts to the Church through one’s will or other means to put into practice the notion that stewardship does not end at death.

The Endowment Fund is structured to assist us all in making such “Big Jar” gifts to Manly Memorial.  It has two sub-funds:  Church Ministry and Facilities Maintenance and Operations.

The Church Ministry sub-fund will be used to support both current and new ministries of the Church.  These may include, but not be limited to, church-approved mission projects, scholarships for youth and adults in the pursuit of their education, new projects and ministries until such time as their financing can be provided for in the annual budget and, in case of emergency or dire need, to supplement the annual budget.

The Facilities Maintenance and Operations sub-fund is designed specifically for the purpose of maintaining and operating property owned by the Church, to include routine repairs and maintenance.  The goal is that this sub-fund will one day be of sufficient size so that the income it generates will be large enough to completely pay for maintaining the building – thus freeing significant dollars in the annual budget to be directed toward supporting the ministries of the Church.

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