By the Foundation Committee
Did You Know…Manakin Church has had a foundation for over 22 years?
The Manakin Episcopal Church Foundation was incorporated in the Commonwealth of Virginia on December 17, 1991 and is a totally separate legal entity from the church. It is a tax exempt organization as defined in Section 501(c)(3) of the Internal Revenue Code and, accordingly, donations to it are generally tax deductible to the donor.
Our Foundation is managed by a five member Board of Trustees, all of whom are elected by the Vestry of Manakin Church to serve staggered two year terms and are eligible for unlimited re-election. The current Trustees are listed on the back of the weekly service bulletin and at the end of each Messenger.
The purpose of the Foundation is to preserve the existence of Manakin Church for future generations and ensure its long term financial health; specifically:
• To support the Christian mission of Manakin Church
• To provide funding for long term projects of such scope that the financial costs may not reasonably be met by the church in the course of its normal operations.
• To provide an alternative source of funding for major building and or restorations of Church property as well as acquisition of property for future growth.
• To manage all investments in the Foundation in accordance with any directions from donor(s) for the benefit of Manakin Church.
The Foundation has contributed over $60,200 towards the annual operating budget of the church over the past 9 years.
When reviewing your estate plans, consider making provisions for a charitable contribution to Manakin in your will or trust . It is a gift which costs you nothing to make today. Future articles in the Manakin Messenger will describe how some current church members have remembered the Church in their Estate and Financial Planning.
If you have any questions, feel free to contact one of the Foundation Trustees.