Saint Paul’s Community Foundation was formed in response to the keen vision and foresight of Pastor Lance Watson. He believed that a sound financial structure in place would be capable of sustaining the mission, ministry and operations of the Saint Paul’s Baptist Church and its corporate affiliates for future generations to come. The Saint Paul’s Community Foundation was subsequently formed with the purpose of faithfully building and managing
Types of Endowment FundsThe General Endowment Fund is the primary recipient of unrestricted gifts. The Principal is invested in perpetuity and the distributions are used to fund all other categories except as designated.
Designated Endowment Fund provides a wonderful opportunity to give to a particular ministry, affiliate or program. The principal is invested in perpetuity while the income is distributed according to the donor’s request.
The Capital Facilities Fund uses the principal and income for maintenance, care, improvements and construction of the physical facilities beyond annual operational budgets.
Education Scholarship Fund makes scholarships available this for those attending colleges, universities or any of the Destiny Schools which are an affiliate of Saint Paul’s.
The Program, Mission and Benevolence Fund makes the principal and income available to special programs, extended missions and extraordinary benevolence.