To honor and support Christ’s kingdom by encouraging gifts, investing them responsibly,
and sharing them in a manner that furthers His mission both now and forever.
In December 1990, the Session of First Presbyterian Church of Raleigh (“FPC”) voted unanimously to form a non-profit corporation for the purpose of encouraging and managing special gifts and bequests to provide ongoing funding for expansion and enrichment of the ministry of FPC both locally and globally. The FPC Foundation of Raleigh, Inc. (“the Foundation”) was incorporated on April 30, 1991.
The Foundation is governed by a 12-member Board of Directors (“the Board”), each a member of FPC. Four members are elected annually by the Session to serve three-year terms. The Board meets quarterly to review the operations of the Foundation and to oversee its investment performance and expenditures.
Gifts to the Foundation are invested to provide a growing and continuous source of income. The Foundation’s assets are professionally managed by an investment firm that is selected by the Foundation’s Board and monitored by the Foundation’s Investment Committee.
Under the Foundation’s by-laws, income from investments is used to support and expand the mission of FPC, its benevolences and its capital needs. Gifts to the Foundation are not intended to replace the generous congregational giving needed to meet the general operating expenses of FPC.
How is the mission of FPC enhanced by the Foundation?
The Board, acting in accordance with the Foundation’s by-laws, determines how gifts are distributed from Foundation funds. In 2018, the Foundation by-laws were revised and approved by the FPC Session allowing to allow the Foundation to distribute up to 5% of the average of the previous five-year investment balances as of September 30 in the next year.
Funds can be used for needs such as:
- Capital improvements
- Support of Presbyterian schools of higher education
- Expanding FPC’s missions
- Alleviation of hunger, both here and abroad
- Provision of child development opportunities
- Assistance to victims of natural disasters
Why have a Foundation and sustaining fund?
For over 200 years, FPC has been an amazing part of God’s transforming work in the world. As a congregation with such a rich history, we are reminded daily that we drink from wells we did not dig and feast from vineyards we did not plant—but someone did. In both facilities and ministry we are surrounded daily by this cloud of witnesses. Those who have gone before us in the life of this congregation offered their time, talents and treasures to join God’s transforming work in the world. Today we are that “someone” in this unfolding of God’s history. As those who came before us, we are called to embody the notion that we have been blessed beyond measure so that we can be a blessing to future generations. One of the ways we can be faithful in this call is through our legacy gifts to the church’s Foundation. Prayerfully consider a legacy gift to the future ministry of FPC that will continue a quality and vibrant mission for God in the heart of this city and throughout the world beyond your earthly life. We all stand on the shoulders of those who came before us. Let’s be the shoulders for those who come after us.
How can I contribute to the Foundation?
Many occasions in our lives cause us to reflect with gratitude upon the blessings God has given us. The Foundation welcomes all gifts, which may be made in cash or by transfer of securities, real estate or other property. Gifts can be made to honor birthdays, anniversaries or major accomplishments, as a memorial to an individual or group or as a general contribution to the Foundation. FPC will notify donors, persons honored and the families of persons memorialized as directed by the donors.
How can I make a bequest to the Foundation?
There are many ways to wisely and creatively support God’s work through the Foundation.
Some examples include:
- An outright gift to the Foundation (i.e. cash, securities, real estate)
- A simple amendment or “codicil” to a will
- Name the Foundation as a beneficiary or partial beneficiary of an IRA (Individual Retirement Account), 401(k) plan, or other tax deferred account.
- Name the Foundation as a beneficiary or partial beneficiary to of a life insurance policy.
In addition to empowering the Foundation to impact lives locally and around the world, gifts and bequests may provide you or your heirs with significant tax benefits. It is recommended that you seek advice from an attorney, CPA, or estate planning advisor prior to making bequests.
For additional information, contact the Foundation by calling the Church office or email the Foundation confidentially at email@example.com. A designated member of the Board is available to meet with you to discuss your giving wishes. All discussions will be maintained in the strictest confidence.
Past Foundation Grants
A few examples of Grant recipients :
- The Shepherd’s Table Soup Kitchen, $5,600
- A Place at the Table, $5,000
- Pastor’s Discretionary Fund, $5,000
- FPC Friendship Fund, $30,000
- FPC Columbarium Maintenance Fund, $12,500
- FPC Capital Maintenance Fund, $75,000
- Job Start Lunch Program, $2,000
- Rise Against Hunger, $3,600
- Haiti Outreach Ministries, $75,000
From 1995 through 2017, the Foundation made grants of $935,000 including $800,000 to the FPC Hope for Years to Come and Capital Campaigns.
“The support of the First Presbyterian Foundation is creating life-changing impact in the Haitian community of Cite Soleil. Thanks to the Foundation’s generous support, Haiti Outreach Ministries has been able to outfit and upgrade its dental clinic with new equipment, including portable furnishings that will allow larger dental teams to serve and treat patients. In addition to improving patient care, having a well-equipped dental clinic has helped HOM recruit and hire a top-notch Haitian dentist. For a population of 10 million people in which only approximately 300 dentists exist, this kind of access to routine and quality dental care is rare and remarkable. The investment of the First Presbyterian Foundation is making a tangible difference in Cite Soleil, not just today but for years to come.”
“When the FPC Foundation made the Rise Against Hunger event possible, they knew they were going to help provide 15,000 meals for people who desperately needed that nourishment, but I can’t imagine they could foresee what a powerful experience it was for the church family to assemble those meals. I have never been a part of such a uniquely intergenerational event. where 6 year old children were working alongside 90 year old saints, and all ages in between, with every person’s participation absolutely crucial to the end goal of feeding hungry people. Every person in the room that day was offering themselves to a holy purpose, and they did so with great joy, which is why we could be so sure that God was enjoying the whole thing! This is exactly the kind of world changing, people changing work that is at the heart of who we are as a church. Many thanks to the Foundation for the investment that made it possible!”
– Ed McLeod
First Presbyterian Church
“Food and Wednesday service provided by IPMW and First Presbyterian Church plays a valuable part for the JobStart participates. Being incarcerated, generosity isn’t something you get often, and to have people who provide food not offered within the institution taught us the importance of appreciation. Not only does the food provide substance but the Wednesday service provides physical, mental and spiritual awakening. Quote: A stranger’s gift can soften the hardest heart. Thank you.”
– JobStart 38 graduate
“A Big Thank You to the First Presbyterian Church Foundation. The generous gift is used to feed many of our friends in our community that cannot afford a meal, a dignified meal of choice. With Covid19, we are seeing an uptick of about 300 free meals a day. This gift is helping make these meals happen every single day.”
– Maggie Kane
A Place at the Table
“I am extremely grateful and thankful to the FPC Foundation and your congregation for supporting us and God’s work in our community. You have helped keep us afloat and feeding all those in need. Your generosity and kindness is thought of often and fondly. Thanks Neighbor!”
– Tammy Gregory
Shepherd’s Table Soup Kitchen
Foundation Board Members
Class of 2020
Scott Raymond, President
Parker Call, Secretary
Class of 2021
Class of 2022
Ed McLeod, Pastor/Head of Staff
Edward Bruce, Church Administrator