The Presbyterian Church of the Covenant's Endowment Program has provided a means over time of accepting gifts of value from individuals. Some gifts are designated for a specific purpose and others are not. The Endowment is managed by committee under the auspices of the Session of the Church. A large percentage of our endowment funds are invested through New Covenant Funds, sponsored by the Presbyterian Foundation. The Presbyterian Foundation was created by the Presbyterian Church in1799 and has endowment assets dating back to 1821.
This is a repository of undesignated gifts and is used to support the budget of the church and various mission projects.
A designated fund of which income and principal from is specifically allocated to the campus, buildings, and grounds upkeep.
In memory of past members, the Memorial Fund's income and principal are used for our Prayer and Memorial Garden upkeep and for items relating to worship.