Cedar Springs Foundation
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OUR MISSION Holy scriptures clearly teach we are to be good stewards over all He has entrusted to us. The Cedar Springs Foundation desires to be one part of a member’s lifetime stewardship plan based on this Biblical principle. Contributors to the Foundation are those willing to share a portion of their accumulated assets, over and above their annual giving - for general fund, missions and special emphasis campaigns - to the Church. Examples of gifts the Foundation receives include current and deferred gifts, such as:
The primary source of gifts to the Foundation is from bequests under wills or gifts through living trusts. We encourage all members of Cedar Springs to remember the Foundation in their wills by designating a percentage of their estates or a specific dollar amount to the Foundation. In this way, our love for God’s Kingdom will be a part of the legacy we leave. Find out more by requesting a confidential appointment. CURRENT GIVING Memorials | These funds are given (as an endowment) in memory of an individual. Memorials are received from Cedar Springs members and non-members. They are given directly to the Foundation or to the Church and then transferred to the Foundation Lump Sum Gifts | These funds are gifts given in isolated patterns. An individual may give more than one lump sum gift over a period of time on no particular schedule. Consistent Gifts through the Church | These funds are given for endowment purposes on a regular basis to the church and directed to the Foundation. Pledges | These are funds which are pledged directly to the Foundation with an agreed-upon payment schedule. Charitable Remainder Trusts | These are funds given to the Foundation either as gift annuities or life income trusts that pay an agreed-upon return to the donor at specific intervals. Stocks | Stocks are typically given and immediately converted to cash. These gifts come directly to the Foundation, are converted to cash and become a part of the Foundation’s permanent endowment/investment pool. Real Estate | Real property is given, converted to cash and made a part of the Foundation’s permanent endowment/investment pool. Life Insurance | The Foundation is made the owner and beneficiary of the policy.
BEQUESTS Recorded Wills | An individual has formally notified the Foundation that it is included in their will. Unrecorded Bequest | The Foundation is notified that it is a named recipient in a will. Life Insurance | The Foundation is the beneficiary of a life insurance policy. Estate Residual | This is property/assets given to the Foundation by a deceased donor and is held in trust until another event, such as the death of the spouse, occurs. The above is a description of how funds are received. They may be designated or undesignated but in every case are made for endowment (permanent) purposes.
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