Annual Report Second Presbyterian Church Endowment Fund 2022

Second Presbyterian Church Endowment Fund 2022 ANNUAL REPORT

Celebrating

Second Presbyterian Church Endowment Fund Celebrates 100 Years!

2023 is a historic year for the Second Presbyterian Church Endowment Fund. 100 years ago, members of our congregation sought to ensure the future of the Church and to preserve its building through the establishment of an endowment. Under the wise and thoughtful management of its leaders then and over the decades, gifts of all sizes generously given by our members to the Endowment have grown, and today result in meaningful and important annual financial support to our Church maintenance, operations and programs.

In 2022, the Second’s Endowment provided more than $2M to benefit the work and mission of the Church— everything from Music and Fine Arts to our Mission and Outreach efforts. In fact, the Endowment Fund has an impact on nearly every aspect of the Church and expands our ability to do ministry both within the Church and outside our doors each day.

The foresight of our Second ancestors, combined with the annual generosity of our members through their pledges and gifts, form the fruitful ground from which we grow in faith and service to Christ and our community.

Thank you for your continued generosity!

A Word from the Endowment Board President

Second Presbyterian Church is blessed in many ways thanks to the generosity of our Congregation. One of the most significant of those blessings is the Second Presbyterian Church Endowment Fund.

Created in 1923 by forward thinking Second members, the Endowment has served both the Church and the community for 100 years, providing important funding to maintain our beautiful building, and to sustain efforts to serve our neighbors in need.

Through the years, the Endowment has benefited from the leadership and counsel of its board members who nurtured its growth to its present size. Today the Endowment plays a significant role in supporting our annual budget, and is a source of funding for important programs such as the Northside Mission Food Pantry, CenterPoint Counseling, Music and Fine Arts, the Lake Fellow and Footsteps of

Your generosity and continued commitment to our Church and Endowment both support the work and mission of Second Presbyterian today, and help ensure its future impact on our members and the

Second Presbyterian Church Endowment Fund

A Reflection from the Senior Pastor

2022 was a year of return, renewal, and reengagement in community for Second Presbyterian Church following the challenges of the Pandemic. It was the right time for creative thinking and the perfect moment to reimagine our ministries and mission to meet emerging priorities. It was a time to listen, learn, and Grow Together.

One of the important ways that Second continues to grow and to remain vibrant and responsive to our Church and community needs is through the Second Presbyterian Church Endowment Fund. Each year the Endowment provides 15-18% of our annual budget income and supports programs and services that are meaningful to our members, the broader community, and our neighbors in need in Washington Township and beyond.

This year, we celebrate and give thanks for the first one hundred years of our Endowment and its extraordinary impact. Over the last century, Second Presbyterian has not been immune to the ups and downs of broader society. On the contrary, the congregation has experienced them fully. Through them all, from the Great Depression to the COVID-19 Pandemic, Second has been engaged in significant and faithful ministry. By God’s grace, we have been able to respond with courage to Christ’s call to serve those who are suffering, vulnerable, and in need.

I doubt that the founders of our Endowment could have imagined the scope of its impact today. It is an honor to be part of a congregation that is so compassionate, visionary, and generous; a community of leaders that embraces its responsibility to use our Endowment resources wisely and faithfully.

Thank you for your continued generosity and for your thoughtful investments in the future of Second Presbyterian Church.

With Gratitude,

Rev. Christopher A. Henry

We look forward to creating many more memories!

Northside Food Pantry

“I just want to thank all the staff and volunteers for the Food Pantry! It was my first time having to come last month—a different life change—but your kindness and patience made it easy. Thanks again for being the light of Jesus in a time of need.”

Food Pantry Client 2023

“I was new at Second Church. I first volunteered at the food pantry to meet people of the church and to discover what made this church so special. In the pantry I worked with volunteers who found joy in service to the community and especially the people in need in our own neighborhoods. In the volunteers, I found smiling faces with hardworking hands and minds. In the clients we serve, I found faces with smiles and voices of thanks for our church and the help in providing for their families. In short, in the food pantry I think I have found the heart and soul of Second Presbyterian Church.

Volunteering for a shift at the Northside Missions Food Pantry is the most joyous and rewarding hard work I have ever experienced. In the pantry groups of volunteers provide many services to support the mission. Drivers pick up donations, stockers then sort and stock the shelves with foods purchased and delivered from Gleaners, Midwest, St. Vincent DePaul, and others. During the summer we are stocked with fresh vegetables grown and harvested by volunteers in the church garden. Then the joy begins as up to seventy families from our neighborhood come in to fill their grocery carts and home pantries. Their smiles and thanks provide us, the volunteers with the compensation for our few hours work. The food pantry for me is a gift of opportunity.”

~David Champa, Food Pantry Volunteer

~

CenterPoint Counseling Center

“I discovered CenterPoint after attending New Day, their divorce support group for children. At New Day, I met an amazing CenterPoint therapist. She helped me find my way during one of the most difficult times of my life . . . Her support helped me navigate the balance of each of the components of my life and prioritize where my energy was most valuable and needed. Through the generosity of the Samaritan Fund, I was able to access the help and support I needed without adding additional financial strain to my already challenging situation. I simply would not have been able to afford the counseling services I needed and have the life I have today without the support of the Samaritan Fund.”

~Stephanie C., Previous CenterPoint Client

Footsteps of Faith

“I thought of my senior year in terms of Sundays. Sundays became the highlight of my week because the family and faith I experienced as a member of Footsteps of Faith were so dear to me. . . The people I became close with during Footsteps are the first people I reach out to when I need advice, the comfort of a friend, or just a laugh. . .

Experiencing Europe through the lens of Footsteps of Faith created a once-in-a-lifetime experience. Seeing the places we learned about with the people I had grown to love, was a beautiful end to both my senior year and my time in Second youth group. I am forever in debt to Footsteps of Faith for the wonderful ways it changed my life.”

Claudia Harvey, Footsteps of Faith, 2022

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Music and Fine Arts

“I’ve been reflecting on just what the Sanctuary Choir of Second Presbyterian has meant to me during the past 9+ years. It’s all about goodwill, grace, and gratitude—and it is terribly unique to our choir community. I will take with me all the dear memories, all the treasured experiences, all the wonderful friendships, and all the love.”

~Rev. Barbara Parker, Choir Member

Servants at Work

“In 2003 Second Presbyterian Church made a financial and volunteer commitment to provide freedom, independence, and dignity to low-income people in our community who are trapped in their homes due to their disabilities. In the interim years, that commitment has remained rock solid and the Endowment remains the largest supporter among the churches with whom we partner. With over 3,000 volunteers statewide and more than 3,500 ramps built, Second stands as the cornerstone of this ministry. “

~Rik Hagarty, Founder, Servants at Work (SAWs)

Family Promise

“I wish the members of Second Presbyterian could be there on an intake day, like when a mom of two special needs children walked into the doors of our furnished apartment shelter. She fell into the arm chair in the living room crying out of joy and relief, and said, ‘I can’t believe I get to live here.’ Your congregation makes moments like that possible with its support, and we are so grateful.”

~Mike Chapuran, Executive Director, Family Promise of Greater Indianapolis

Lake Fellow Program

“Exhibit A that Second exists for the good of the larger Church and the world is its commitment to the Lake Fellows – Take seminary graduates, train them up for two years, invest heavily in their formation as under-shepherds to the Good Shepherd, and bless them to go out and serve God’s Kingdom! Fifteen years later the relationships formed and the time spent at 7700 North Meridian continues to profoundly shape my pastoral imagination. Some of God’s best blessings have been Bill Enright, Lewis Galloway, the pastors, staff, and saints of Second Church.”

~Rev. Ryan Moore, Senior Pastor, First Presbyterian Church Nashville

“An invaluable gift I’ve experienced as a Lake Fellow is the mentorship, collaboration, and friendship I’ve enjoyed with my colleagues, especially with my fellow pastors. I’m deeply grateful for the complementary range of gifts my colleagues possess and bring to their ministry. When I leave Second, I will bring the influence of not a couple, but a dozen fellow pastors into my future work. As a “sending church,” Second will be sending me with mentors and friends in ministry, a treasure worth more than fine gold.”

~Rev. Tyler Brinks, 2021-23 Lake Fellow

The Beecher Society

What is the Beecher Society?

Members and friends who have notified Second Presbyterian that the Church is included in their estate plans are honored as members of the Beecher Society, named after our first pastor, Rev. Henry Ward Beecher. Estate gifts include bequests in wills, gifts of paid-up life insurance policies, designating Second Presbyterian as the beneficiary of a retirement fund/IRA or charitable trust, a charitable gift annuity, a gift of property and other estate planning vehicles.

Why should I consider leaving a gift to Second Presbyterian Church in my will or other estate plans?

Second Presbyterian benefits each day from the generosity of members before us who helped build the Endowment Fund which is an important financial resource for many programs that help our members and the community in meaningful ways. Remembering Second in your estate plans is a wonderful way to ensure the future of the Church with the comfort of knowing that your gift will be well managed and grow in the future. In addition, there are tax benefits to your estate which can be significant with certain estate planning vehicles.

What do I need to provide to Second to let them know I have included a gift to the Church in my estate plans?

If you are comfortable sharing, for our planning purposes, we would appreciate a copy of the page in your will that refers to your gift, or a copy of any documentation about your planned gift.

What happens to my gift when it arrives at Second Presbyterian?

All estate gifts are gratefully received by the Second Presbyterian Endowment Fund. If you have not designated your gift to a specific cause or fund within the Endowment, your gift will be placed in the Building Fund to help with Church repairs and capital projects. If you wish to designate your gift, the Endowment has the Impact Fund which is available for use for Second’s most urgent priorities, as well as funds designated for mission, education, music and fine arts, youth and more. For larger gifts, a named fund can be created to benefit a program or ministry of the Church.

If I’m leaving a Bequest to Second Presbyterian Church, what should my will say?

You will want to name the legal name of the Church or the Endowment in your will and include the address so that there is no confusion at the time your estate is settled. You may leave a percentage of your estate, the remainder of your estate after other gifts have been fulfilled, a specific dollar amount gift, a gift to a specific cause, etc. The Office of Stewardship and Endowment can assist you with specific language, a tax ID number and other information for your attorney or financial adviser.

How do I designate Second to benefit from an IRA or retirement fund? Contact the company or your financial adviser for information. There should be an easy way to designate Second as your beneficiary online or through a paper designation.

What are benefits of being a Beecher Society member?

Beecher Society members are invited to special activities and events at Second Presbyterian, have their names included in printed lists of Beecher Society members (unless requested to be anonymous), and inspire other members to think about remembering the Church in their estate plans.

What if I wish to be an anonymous member of the Beecher Society?

No problem! We will make a note in your file that you wish to remain anonymous in any listings of Society members.

Questions and More Information?

Please contact Nancy Frick, NFrick@secondchurch.org or 317-253-6461, ext. 359 with any questions or for more information on the many ways you can benefit the future of Second Presbyterian Church through an estate gift.

2021-2022 Endowment Board

Endowment Trustees are members of the Church, slated by an Endowment Nominating Committee, and elected by the Session to serve three-year terms. Trustees are selected based on their engagement in leadership and the life of the congregation, and their professional and volunteer experiences in the community.

Trustees attend quarterly meetings, set spending policies, monitor use of Endowment funds, and oversee the professional managers of the Endowment’s assets. Officers of the Endowment Board are elected annually by its members.

We are grateful for the service of our talented and experienced Board of Trustees who are insightful, thorough and dedicated in their work.

THANK YOU

Jeff Kittle, President

Scott Enright, Vice President

Ann Merkel, Secretary/Treasurer

Karen Buttrey

Rev. Christopher Henry, Senior Pastor, Ex-Officio

Randy Kaltenmark

Melynne Klaus

Charles Liles

Becky Malick, Operations Committee Chair, Ex-Officio

Beth McKee

Mike Stewart

John Wortman

Nancy Frick, Director of Stewardship and Endowment

Martha Nommay, Director of Finance and Operations

C. Daniel Yates, Counsel

Estate Plan Donor Highlight

“One of the many strengths of Second Presbyterian Church is its extraordinary mission focus and resultant mission outreach. Second Presbyterian doesn’t just “Say” mission outreach, Second Presbyterian “Does” mission outreach. It helps people from all walks of life via an exceedingly long list of programs such as the Food Pantry, tutoring, and Habitat for Humanity. Like so many others, we have volunteered for several of these programs and have witnessed their profound impact on our neighbors.

An important funding mechanism of this mission outreach is the Second Presbyterian Church Endowment. It celebrates its 100th anniversary this year which demonstrates its power and sustainability. It has clearly shown the ability to help people in the present, and is structured and committed to doing so in the future.

An integral piece of our estate plan is to provide financial support to the Endowment. This support is for a specific mission fund that is part of the Endowment’s funding of Second’s outreach. The long-standing commitment of Second to its mission focus and resultant mission outreach was of paramount importance to us as we created our estate plan with Second Presbyterian Church as a crucial component.”

~Bonnie and Lew Liggett

Remembering and Investing in the Future of Second Presbyterian Church

“What a relief!”

I’ve heard that statement many times from individuals or couples who have just finalized their estate plans. Having your estate organized and in order can be a huge relief and bring freedom from worry.

And there is something wonderful about knowing that what you have worked so hard to accumulate during your lifetime will not only help loved ones, but continue your support of your Church and organizations that do good in the world.

Estate planning is something everyone should think about—it can save estate taxes, and provide a gift that will be carefully managed and benefit God’s work through Second Presbyterian Church and other organizations.

An Estate gift to benefit Second Church can be simple and take many forms:

• A bequest in your will—an outright gift of cash, or a percentage of your estate, or residual of your estate

• Naming Second Presbyterian Church as the beneficiary of a retirement fund, 401(k) or IRA

• Naming Second Presbyterian Church as the owner and beneficiary of a paid life insurance policy

• Establishing a charitable remainder trust to benefit Second Presbyterian Church

• Investing in a charitable gift annuity that will pay income to you during your lifetime and then benefit Second Presbyterian Church

Whether you’re in the “thinking about” or planning stages, we are happy to answer questions and provide assistance. All undesignated estate gifts received by the Church are placed in the Endowment’s Building Fund for capital needs of the Church. Estate gifts may also be designated for particular Endowment Funds including the newly created Impact Fund that is unrestricted and supports community and the Church’s greatest needs. Named funds can be created within the Endowment for specific purposes for gifts of $50,000 or more.

For assistance or more information, contact Nancy A. Frick, MDiv, Director of Stewardship and Endowment, NFrick@SecondChurch.org or 317-253-6461, ext. 359.

Thank you for your faithful generosity and thoughtful discernment,

Nancy A. Frick, MDiv, Director of Stewardship and Endowment

2022 Endowment Distributions

Spending Policy

The Endowment Board annually adopts a Spending Policy that seeks to preserve the assets of the Endowment while allowing a portion of investment earnings to be utilized for the programs, operations and services for which they were designated. The spending rate is a percentage of the average market value of the invested funds over the preceding twelve quarters. In 2022, the Spending Rate was set at 4.3%.

Fund Summary - Fund A

Fund A is subject to the spending policy – both principal and income may be used for capital repairs, capital expenditures, fundraising and administration as long as the principal of Fund A remains above $350,000.

Note: Fund descriptions are brief due to space restrictions, and not necessarily inclusive of all criteria, exclusions and/or usage requirements as established by the donor(s) and the Endowment. Narrative is for informational purposes only.

Building Fund (A-1)

A board designated fund to provide for the cost of new buildings, existing building renovations, existing building major repairs and other expenditures considered as capital expenditures under generally accepted accounting principles. This fund will also provide for the expenses related to the general administration and fundraising activities of the Endowment Fund and Second Presbyterian Church.

Hugh W. Frey Stocks Fund (A-2)

The funds shall be held as part of Fund A and used for its purposes;

Gormley Fund (A-3)

This fund was established to provide monies for building maintenance.

James T. and Lucille Sutherland Capital Improvements Fund (A-4)

To provide monies for building maintenance and other purposes of the building fund.

Chambers Fund (A-5)

This fund is a gift from Robert W. and Helen Folkman Chambers.

Mary B. Newill Fund (A-6)

The funds shall be held as part of Fund A and used for its purposes to maintain the buildings and grounds of Second Presbyterian Church.

Fund Summary - Fund B

B Funds are subject to the spending policy.

Note: Fund descriptions are brief due to space restrictions, and not necessarily inclusive of all criteria, exclusions and/or usage requirements as established by the donor(s) and the Endowment. Narrative is for informational purposes only.

Christian Education – Youth Work Fund (B-1)

This fund was established to provide monies for youth work, youth activities and special Christian education programs of Second Presbyterian Church.

Senior Pastor’s Discretionary Fund (B-2)

To provide monies for emergency, confidential and non-budgeted purposes at the Senior Pastor’s discretion with the approval of Session.

Mayer Chapel Fund – Christian Outreach (B-3)

To provide monies to support programs for Christian outreach and social ministries in the Presbytery of Whitewater Valley or such other Presbyteries as the Session may from time to time direct as a continuation of Second Presbyterian Church’s Mayer Chapel Outreach Program.

Library – Ohr Fund (B-4)

To provide monies for the exclusive use of the Second Presbyterian Church Library.

Library – Wheeler Fund (B-5)

To provide monies to be used for personnel expenses.

Jane Faris Library Fund (B-6)

To provide monies in support of the Second Presbyterian Church Library. Income and principal may be expended.

Session Discretionary Fund (B-7)

The Session Discretionary Fund provides monies for emergency and non-budgeted operating expenses at the Session’s discretion.

Fund Summary - Fund B

B Funds are subject to the spending policy.

Note: Fund descriptions are brief due to space restrictions, and not necessarily inclusive of all criteria, exclusions and/or usage requirements as established by the donor(s) and the Endowment. Narrative is for informational purposes only.

CenterPoint Fund (B-8)

To provide monies for the support of CenterPoint Counseling at Second Presbyterian Church.

Landscape Fund (B-9)

To provide for landscaping and care of the grounds of the Second Presbyterian Church.

Youth Mission Trip Fund (B-10)

This fund is a gift of Mrs. Margaret Burkhead to provide monies for the youth mission trips of Second Presbyterian Church.

Nancy Saville Memorial Fund (B-11)

To provide monies in support of the Christmas Benevolence program of Second Presbyterian Church. Any income that is drawn shall be used for food, clothing or personal items to benefit the persons served by the program.

Clark Urban Missions Fund (B-12)

This fund is a bequest from Madelyn Lowe Clark to provide monies for urban mission outreach work in the community of Second Presbyterian Church. Income only may be expended unless a special project is approved by the consent of the grantor’s children.

The 150th Anniversary Mission Endowment Fund (B-13)

Both principal and income are to be distributed or paid out for the mission work of Second Presbyterian Church at the discretion of the Session.

Organ Fund (B-14)

To provide monies for capital repairs and maintenance of Second Presbyterian Church’s organs.

Fund Summary - Fund B

B Funds are subject to the spending policy.

Note: Fund descriptions are brief due to space restrictions, and not necessarily inclusive of all criteria, exclusions and/or usage requirements as established by the donor(s) and the Endowment. Narrative is for informational purposes only.

Piano Fund (B-15)

To provide monies for purchase, repairs and maintenance of Second Presbyterian Church’s pianos.

Music and Fine Arts Fund (B-16)

Established to enhance the use of fine arts in the Worship service, to provide for the development of special artistic performances, to enhance and expand music education at Second Presbyterian Church and to underwrite fine arts mission and outreach activities.

Music and Fine Arts Fund – Children & Youth Programs (B-16A)

Established to fund Children and Youth Programming in the area of Music and Fine Arts.

Broadcast Ministry Fund (B-17)

Gifts in memory of V.A. “Dusty” Rhodes. Principal and income may be expended for the broadcast ministry.

Lake Family Fund – Lake Fellowship in Parish Ministry (B-18)

To provide monies for the Lake Fellowship in Parish Ministry.

Lake Family Fund – CenterPoint Programs and Community Outreach (B-19)

To provide monies for new community and outreach programs as designed by CenterPoint.

Lake Family Fund – Clergy/Staff Renewal Program (B-20)

To provide monies to support the on-going spiritual, intellectual, professional and physical development and well being of the pastors and other staff members of Second Presbyterian Church.

Fund Summary - Fund B

B Funds are subject to the spending policy.

Note: Fund descriptions are brief due to space restrictions, and not necessarily inclusive of all criteria, exclusions and/or usage requirements as established by the donor(s) and the Endowment. Narrative is for informational purposes only.

Lake Family Fund – Venture Fund for New Programs and Ministries (B-21)

To provide monies for new programs and ministries as authorized by the Senior Pastor of Second Presbyterian Church together with the approval of the Session. New programs or ministries may not be funded for more than three years.

Karen Lake Buttrey Samaritan Fund (B-27)

Original corpus was established through a bequest of Karen Lake Buttrey to support the Second Presbyterian Church Samaritan Fund which provides for counseling services to those with financial need.

Marjorie C. Howe Fund (B-22)

In accordance with the expressed wishes of the donor, and in compliance with the policies of the Endowment Fund, the Marjorie C. Howe Fund is established as a B fund.

McFarland Fund – PW (B-23)

Income to be used for programming for the Presbyterian Women.

McFarland Fund – Youth Missions (B-24)

Income to be used for programming for Second Presbyterian Youth Missions.

William and Christine Hall Medical Benevolence Fund (B-25)

Income to be used to assist persons and families with medical expenses they cannot otherwise meet.

Bible Ministry Fund (B-26)

Established by an anonymous gift. Income shall provide for the distribution of Bibles through the various ministries and mission activities of Second Presbyterian Church.

Fund Summary - Fund B

B Funds are subject to the spending policy.

Note: Fund descriptions are brief due to space restrictions, and not necessarily inclusive of all criteria, exclusions and/or usage requirements as established by the donor(s) and the Endowment. Narrative is for informational purposes only.

Special Needs Ministry Fund (B-28)

Established to provide financial assistance for programs such as the Open Arms Ministry serving individuals with disabilities.

Kevin Trager Sanctuary Choir Section Leader Fund (B-29)

The purpose of this fund is to continue the historic tradition of excellent choral music at Second Presbyterian Church. Income to provide funds for choir section leaders.

Jeanne L. Camm Memorial Fund (B-30)

To provide monies for such purposes as the Session shall annually designate.

The Lewis F. Galloway Fund (B-32)

In honor of Dr. Lewis F. Galloway, former Senior Pastor of Second Presbyterian Church. To provide monies to support the Northside Mission Ministry Food Pantry of Second Presbyterian Church.

The Dick and Sally McFarland Adult Programming Fund (B-33)

Established through a bequest by H. Richard McFarland to support such Adult Programming at Second Presbyterian Church as the Church may currently be supporting or shall establish in the future.

The Dick and Sally McFarland Youth Programming Fund (B-34)

Established through a bequest by H. Richard McFarland to support such Youth Programming at Second Presbyterian Church as the Church may currently be supporting or shall establish in the future.

. “Youth Programming” shall mean programming for youth of all ages, from birth through normal college age.

The Liggett Mission Fund (B-35)

This fund will support the mission outreach of the church (such as Westminster Neighborhood Ministries, the Interfaith Hospitality Network, Habitat for Humanity, etc.)

Fund Summary - Fund B

B Funds are subject to the spending policy.

Note: Fund descriptions are brief due to space restrictions, and not necessarily inclusive of all criteria, exclusions and/or usage requirements as established by the donor(s) and the Endowment. Narrative is for informational purposes only.

The Impact Fund (B-36)

Established to encourage unrestricted gifts from the congregation to the Endowment as a source of funding for priority and immediate needs and projects that require timely response, are of particular interest to the mission and goals of Second Presbyterian Church, and which may be outside the normal budgeting process. Funds shall be disbursed at the direction of the Senior Pastor and/or the Endowment Board, and are not restricted to any specific program,service or project of the Church.

Fund Summary - Fund C

C Funds are not subject to the spending policy. Income and principal may be expended pursuant to the directions of the donor.

Note: Fund descriptions are brief due to space restrictions, and not necessarily inclusive of all criteria, exclusions and/or usage requirements as established by the donor(s) and the Endowment. Narrative is for informational purposes only.

Memorial Gifts Fund (C-1)

To provide monies to fund specific expenditures of Second Presbyterian Church in memorial.

Library – Capital Fund (C-2)

To provide monies for capital expenditures relating to the Library.

Library Fund (C-3)

Income and principal may be used as needed for Library expenses.

Theodore E. Myers Memorial Fund (C-4)

To be paid annually to the Centerville Women’s Cemetery Association of Centerville, Indiana, and used for the perpetual care of the vases and to maintain flowers in the vases on Lot 552 in Section 48 in Crown Hill Cemetery, Indianapolis, IN.

Krabbenhoft Sanctuary Renewal Fund (C-5)

To provide monies for sanctuary needs of the Second Presbyterian Church.

The Max and Pauline Barney Scholarship Fund (C-6)

To provide tuition and/or living expenses of students while attending a Presbyterian seminary. Students shall be sponsored by Presbyterian Churches in the Whitewater Valley Presbytery with preference to members of Second Presbyterian Church.

CenterPoint – Stewart Fund (C-7)

To further the growth of CenterPoint Counseling.

Fund Summary - Fund C

C Funds are not subject to the spending policy. Income and principal may be expended pursuant to the directions of the donor.

Note: Fund descriptions are brief due to space restrictions, and not necessarily inclusive of all criteria, exclusions and/or usage requirements as established by the donor(s) and the Endowment. Narrative is for informational purposes only.

CenterPoint – Olsen Fund (C-8)

To further the growth of CenterPoint Counseling.

CenterPoint – JB Smith Fund (C-9)

To further the growth of CenterPoint Counseling.

Lynn Trust (C-10)

To provide for maintenance of Second Presbyterian Church grounds. Any excess income may be used to provide flowers for Sunday services to the extent they are not otherwise provided and for general church purposes.

James L. Kittle, Sr. & Alice C. Kittle Foundation Fund (C-11)

To provide for and accumulate the gifts from Mr. and Mrs. Kittle in fulfillment of their 150th Anniversary Fund Pledge to be utilized for Mission work of the Second Presbyterian Church.

Special Gift – Jackson Fund (C-12)

To provide for and accumulate gifts from Rev. and Mrs. George R. Jackson in memory of their daughters, Sharon Denise Jackson and Catherine L. Rambicure. Rev. Jackson is a retired minister of Second Presbyterian Church and was the inaugural Director of Stewardship and Endowment. Income only to be used for children’s education needs at Second Presbyterian Church.

Special Gifts – Emily K. Yoder Fund (C-13)

To provide monies for Youth Job Preparedness Program or other inner-city youth programming.

Marjorie Griffith Fund (C-14)

To provide for building maintenance.

Fund Summary - Fund C

C Funds are not subject to the spending policy. Income and principal may be expended pursuant to the directions of the donor.

Note: Fund descriptions are brief due to space restrictions, and not necessarily inclusive of all criteria, exclusions and/or usage requirements as established by the donor(s) and the Endowment. Narrative is for informational purposes only.

Max Barney Memorial Fund (C-15)

To provide for maintenance of the urns and planting in the urns at the north entrance to Second Presbyterian Church.

Emhardt Medical Missionary Fund (C-16)

A fund in memory of Dr. John W. and Martha MacDougall Emhardt. All income may be used for support of medical missionaries who are endorsed by Second Presbyterian Church.

CenterPoint – Stephanie Fund (C-17)

To further the growth of the CenterPoint Counseling.

The Choir Music Fund (C-18)

To be disbursed for use of the music program.

Dr. Robert M. Palmer Fund (C-19)

To be used for music and organ expenses.

Crisis Ministry (C-20)

To be used as needed for Crisis Ministry.

Enright Fund for Youth and Young Adult Ministries (C-21)

In honor of Dr. William G. Enright, former Senior Pastor of Second Presbyterian Church. Income and principal may be used for the Footsteps of Faith program and to support young people who are members of Second Church in mission internships at home or abroad or in support of special Youth Mission trips or study programs.

Fund Summary - Fund C

C Funds are not subject to the spending policy. Income and principal may be expended pursuant to the directions of the donor.

Note: Fund descriptions are brief due to space restrictions, and not necessarily inclusive of all criteria, exclusions and/or usage requirements as established by the donor(s) and the Endowment. Narrative is for informational purposes only.

Jeanne Menchhofer Fund (C-23)

To provide annual revenue for the Restoration and Replacement budget of Second Presbyterian Church, in keeping with the spending policy of the Endowment Fund.

The Dorothy Mengering Music Fund (C-24)

Established through a bequest by Dorothy Mengering for use to enhance the music ministry of Second Presbyterian Church.

The Sheri Ridge Urban Mission Fund (C-25)

Established through a bequest by Sheri L. Ridge to support the local outreach work of Second Presbyterian Church.

The Sheri Ridge Music and Fine Arts Fund (C-26)

Established through a bequest by Sheri L. Ridge to support the music and fine arts ministry of Second Presbyterian Church.

7700 N. Meridian Street • Indianapolis, IN 46260 SecondChurch.org