Hillsdale Community Church Foundation
The Hillsdale Community Church Foundation was established in 1995 to strengthen the church's continuing ministry. Gifts to the Foundation are in addition to general fund giving.
The Foundation receives memorial funds and other gifts from donors who designate their gifts to the Foundation. Memorial funds are gifts to the church as a memorial to a loved one, usually by friends and family after the loved one's death. Bequests, endowments, and other special gifts are given directly by a donor.
Donations given for a specific purpose (for example, the building fund or organ fund) are also accepted. The Foundation will actively work to honor the donor's wishes and will prudently manage the money.
Memorial funds and other gifts to the HCC Foundation are invested in the Foundation's interest-bearing Certificates of Deposit (CDs) and mutual funds. The five directors of the Foundation manage the funds. They are elected at the annual meeting by the members of Hillsdale Community Church, United Church of Christ.
The Foundation also has a planned giving program. Planned giving can take the form of cash, stocks and bonds, a will, a trust, real estate, or life insurance. The various options can reduce your gross taxable estate, obtain a sizable deduction, or provide you with ongoing income now while ensuring the church's long-term financial security. As with all matters related to your financial plans, be sure to consult your attorney, CPA, or other qualified professional as to the tax consequences specific to your situation.
The Foundation directors calculate a percentage of the value of the fund on January 1 for distribution during the year. The pastor, Consistory, and church committees can request funds to further the work of the church. The Foundation also matches individual donations for in-care seminary students.
Foundation funds have helped purchase enhancements to the church such as kitchen updating, roof repair, pipe organ expansion, benches in front of the church, bell tower, Sunday School curriculum, grounds improvements, and Texas Street improvement.