From its beginnings in 1959, Crossings Community Church (“Crossings”) has demonstrated an attitude of “giving” from day one that included the church’s leadership determining it would give 10% of every dollar received from the weekly general fund tithes and offerings to support missions. Out of that generous decision by leadership came an equally generous offer from the gentleman who was leasing the church building to the congregation for the first few years of the church’s ministry. Shortly after he began attending the neighborhood church, he gave the building to the congregation. It was the first of many generous gifts the church would experience in its coming history.
With the launch of Crossings Community Endowment (“Endowment”) in 2017, the opportunity exists for current and future Crossings members to continue the legacy of generosity established from the beginning of the church’s ministry. As explained later, gifts to the Endowment are gifts that “keep on giving” for years to come, which will have a powerful outcome for God’s Kingdom.
Join us for the Crossings Community Endowment informational meeting on November 1! Learn more and RSVP here.
Board of Directors
Why an Endowment?
Endowment Board of Directors
Purpose Statement: Crossings Community Endowment will provide an opportunity for Crossings members and friends to extend their financial support of the church’s Christ-centered purpose to impact our community and world during and beyond their lifetimes.
WHY AN ENDOWMENT?
Weekly or other periodic giving to the general fund of Crossings is spent on daily, weekly or monthly needs of the church. These gifts to the general budget of the church are essential to Crossings’ operation and ministries. The Endowment is a support organization to the church. Gifts to the Endowment will provide long-term financial assistance to Crossings and its ministries for many years beyond the date of any gifts received. All gifts accepted by the Endowment will be pooled for investment, and grants out of the earnings from these pooled funds will be given to facilitate the church’s ministries. Hence, a gift to the Endowment is a gift that keeps on giving.
Grants to Crossings from the Endowment will provide needed capital improvements to the church’s campuses. They may also provide funds to facilitate the launch of new ministries of Crossings or an enhancement to existing ministries as those needs may arise in future years. Crossings Community Endowment will strengthen the church and its ministries for years to come. It will empower its ministries even in difficult economic times.
KEEPING IT SIMPLE
The Endowment will not actively solicit contributions to the program. Rather, it will educate members about the opportunity to participate in the program through:
- Various promotional avenues of the church,
- Informational mini-seminars members voluntarily choose to attend, and/or
- Private meetings requested by a church member with staff and/or board members.
Remember the words of the Lord Jesus, that He Himself said, “It is more blessed to give than to receive.” Acts 20:35
The Endowment does not offer annuities or other investment income-generating instruments. Neither will it offer donor-advised funds. Instead, the Endowment encourages gifts and bequests to a “general fund” that permit the Board of Directors to ultimately distribute grants to the church to provide needed support in the coming years.
While the Endowment may receive small, periodic contributions on a weekly, monthly or quarterly basis, it’s anticipated that the largest donations will come from beneficiary gifts or bequests.
GIVING TO THE ENDOWMENT
A decision to contribute to the Endowment is a spiritual commitment of loyalty and love for the Kingdom work being accomplished at Crossings. As written in the purpose statement on the back page, giving to the Endowment is a way to impact the church’s purpose and mission both now and well into the future. It’s important for us to remember that we don’t own anything. Rather, we are managers (or stewards) of God’s resources while we are on this earth. God promises if we practice good stewardship, His blessing on us will be great. Our faithfulness will have present, future and eternal outcomes.
During our lifetimes, we can give to the Endowment in some of the following ways:
- In memory of a loved one who has passed away.
- In honor of someone celebrating a special occasion such as a birthday, wedding, anniversary, birth or graduation.
- From a windfall of significant income that may or may not be expected (e.g. income resulting from the sale of a business or property, an inheritance, etc.).
Giving to the Endowment may also be accomplished through various other means as a result of careful and thoughtful planning. You may consider the following gifts to maximize the financial blessings you receive as a result of your gift:
- Directing a qualified, required IRA distribution be paid and mailed directly to the Endowment fund.
- Including a charitable bequest gift to the Endowment in your will or living trust.
- Making the Endowment a beneficiary of a retirement plan, life insurance policies, bank account(s), certificates of deposit (CDs) and/or brokerage account(s).
Most gifts will be accepted by the Endowment. However, the Board of Directors reserves the right to decline gifts. Gifts may be declined if they violate the terms of the Endowment’s corporate charter, are too difficult or costly to administer or are gifts for purposes outside the mission of the Endowment. The Endowment staff and board are available to work with you and/or your representative(s) to determine the best way for you to make a planned gift to Crossings Community Endowment.
“I have held many things in my hands, and I have lost them all. But whatever I have placed in God’s hands…that I still possess.” -Martin Luther
A REMINDER & CHALLENGE
Please don’t make any change in your current tithing/giving to the church’s general fund in order to give to the Endowment. Rather, please make your gift(s) to the Endowment something that is “above and beyond” your general fund tithing/giving. Your gifts to the Endowment should be “special gifts” that have the potential to impact the church’s ministry both during and after your lifetime.
The Endowment’s board and staff are firmly committed to informing, serving, guiding and otherwise assisting donors who wish to support the Endowment’s purpose and activities. Under no circumstances while doing so will there be an intent or action to pressure or unduly persuade potential donors to include the Endowment in their financial and estate planning.
“There are many roadblocks to giving: unbelief, insecurity, idolatry, desire for power and control. The raging current of our culture–and often our churches–makes it hard to swim upstream. It’s considered “normal” to keep far more than we give; the greatest deterrent to giving it this: the illusion that earth is our home.” -Randy Alcorn, Author
ENDOWMENT FUND FAQS
I give to the church already. What is different about the endowment?
Your gift to the church’s general fund helps pay for all the ministry that occurs each day, week and/or month. It allows the church to function in its “day-to-day” effort to get the message of Jesus shared locally, regionally, nationally and internationally. A dollar given to the general fund is no longer available for funding ministry once it’s spent.
Your gift to the endowment will be a “gift that can keep on giving.” The reason? Because dollars given to the endowment will be pooled together to form the “corpus” of the endowment. As the corpus is invested, it will yield income. The income will be used to make grants to the church and its ministries while the corpus remains and grows as new gifts are given to the endowment, which will, in turn, produce more income for more grants to be made to the church.
Do you tithe on my gift to the endowment like the church does on general fund gifts?
We do not. The reason is because the gifts to the endowment will be preserved in total to enable the corpus of the fund to grow to produce greater income each year that will be given to the church and its ministries to fund needed capital improvement projects and ministries as planned and requested by the church.
May I direct my gift into different areas within the endowment?
Crossings’ endowment is being established with only one fund – a general fund. The endowment will not offer the option of donor-advised funds or multiple specific ministry funds (eg. worship ministry, children’s ministry, etc.). It is the agreed decision of the Board of Directors that, since the endowment has been approved by the IRS as a “support organization” to the church, only a General Fund is needed. Earnings from this fund will be used to provide grants to the church based on requests CCC makes to the endowment, and those grants, typically, will involve capital improvement projects. However, some grants given to the church may also help fund a new ministry or enhance a ministry during a year when general fund giving may not be as solid as it has been historically.
How does the Clinic and school fit within the endowment?
The endowment is established to assist the church and all of its ministries, including the Clinic, the Edmond campus and any future campuses. The school may also be awarded future grants as an associated ministry of the church.
What will you do with the money?
The gifts received by the endowment will be invested with a money management firm chosen by the Board of Directors to serve as trustee/fiduciary for the fund. The funds received will be invested in accordance with an Investment Policy established by the Board of Directors. The mix of investments will be 60% stock/equities and 40% fixed income. This mix has historically resulted in growth for invested funds during normal market conditions and doesn’t expose the endowment to extreme risk. Based on market conditions, the 60/40 ratio of investments may be changed in order to preserve corpus during a down market.
Who manages the money gifted to the endowment?
BancFirst Trust & Investment Management has been selected by the endowment’s Board of Directors to be the initial money manager for Crossings Community Endowment. Our initial relationship with BancFirst Trust will extend through December 2019. The money manager firm(s) will be reviewed periodically by the endowment Board of Directors.
I don’t like risk, and I don’t want the endowment to lose the money I give. How will you preserve my gift?
The Investment Policy adopted by the Board of Directors is intended to be conservative enough and flexible enough to provide stability in the endowment’s corpus. This is not to say that the value of the corpus will never decrease from its true value during a market downtown. However, in such an instance of this happening, it is anticipated that it will be short-lived and, as has historically happened, the corpus value will return to its “whole” number as the market corrects following a down turn. Be assured the corpus will not decrease or lose money because an extreme risk is taken in the funds’ investment. Rather, such an event will be tied only to a market down turn that will ultimately correct, restoring the corpus value to its “whole” state.
What should I do if I’ve already prepared my estate plan?
If you have already established an estate plan that names the church as the beneficiary, in whole or in part, of your estate, you do not need to make any changes to your estate plan. The church has adopted a policy that states any bequests or beneficiary amounts received from a member of Crossings that are undesignated for purpose will be accepted by the church and passed through to the endowment. This saves church members from incurring added time and expense in amending estate documents, and the policy will facilitate the growth of the endowment in order to help it achieve a size that will enable the fund to begin making annual grants to the church.
Contact the Endowment Director, Wayne Bollenbacher, at 405-302-1220 or at email@example.com for additional information or to discuss further the different options for including Crossings Community Endowment in your estate planning.
Learn more about Giving at Crossings right here.