Established in 1955, the St. Peter’s Episcopal Church Endowment Fund, Inc. is managed by the Finance Committee of the Endowment Board of Trustees to provide long-term capital that ensures that the ministries that define the mission and values of the parish will continue far into the future. Gifts that come to the parish through Planned Giving become part of the St. Peter’s Endowment. *A link is provided below to receive donations in memory or honor of someone. Maria Long serves as Chairman of the Planned Giving Committee and collaborates with Endowment Chairman, Bill Williamson on this ministry. To learn more about Planned Giving and the 1834 Legacy Society, e-mail Maria Long. You also may e-mail Bill Williamson or call 704-333-3001.
The St. Peter’s Endowment Board of Trustees and Terms:
Mr. William H. Williamson,
Chairman of the Board of Trustees and President of the Corporation
Mr. P. Daniel Woodall,
Vice Chairman of the Board of Trustees and Vice President of the Corporation
Ms. Kristin Hills Bradberry,
Secretary of the Board of Trustees and of the Corporation
Mr. Sam Bowles,
Treasurer of the Corporation
Mr. John Hurst
Ms. Laura Meyer Wellman
Endowment Report: 2016 Annual Meeting of the Parish, December 4
Bill Williamson, Chair, Endowment Board of Trustees | Contact Bill Williamson via e-mail or 704-333-3001
In 1955 some farsighted Parishioners established The St. Peter’s Episcopal Church Endowment Fund, Inc. to provide a way for people to leave a legacy to our Church through planned gifts during and after their lifetime. The mission is to support St. Peter’s Church by increasing the Endowment through Planned Gifts and appreciation of the investments. Over the last 61 years the Endowment has been critical to enhancing the work of the Parish both in outreach and in the Capital Campaigns – Miracle on 7th Street and Knocking on Heaven’s Door. In 2008 a loan of $150,000 was granted to improve the basement and third floor space; the loan has been repaid to the Endowment over seven years. Recent projects were the renovation of the Sacristy and the Multi-Purpose (Community) Room and improved control of the HVAC system in the Parish Hall. The total support to these projects exceeds two million dollars.
Another achievement of the Endowment is the annual support of the Planned Giving Committee established in 2002. Since its inception the Committee has named 135 donors who became members of the 1834 Legacy Society. The estimated value of these future gifts exceeds $8 million. Two new bequests were received in 2016. The Planned Giving Committee is chaired by Maria Long and assisted by the Committee and our Business Office. Thanks to those working to see St. Peter’s endure long into the future. This past year was active in both grants and attention to our investments. The Endowment grants to Outreach and special capital needs were increased to $136,000.
The Endowment at October 31, 2016 was valued at $2,868,401, an increase year to date of 4.96%. Total Memorials to date are $2,312, and bequests totaled $123,589.63 from two estates. Investments are in high quality common stocks, bonds, and cash reserves managed though the Investment Policy Statement adopted by the Board and the Endowment’s Finance Committee. The Endowment also manages the Shannonhouse Student Fund valued at $280,951 which makes loans and grants for education purposes. Special thanks go to members of the Finance Committee, Sam Bowles, Sam Gardner, Jim Green, Brian Simpson, Bill Williamson and Rick Gross of Morgan Stanley.
The current Trustees of the Endowment appointed by the Vestry are Kristin Bradberry, Sam Bowles, John Hurst, Jim Shannonhouse, Bill Williamson, Dan Woodall, and Father Ollie Rencher.