Foundation of Hudson Memorial Presbyterian Church
The Hudson Memorial Presbyterian Foundation is a charitable foundation which receives gifts and bequests to further the work and outreach of HMPC. The Foundation operates under bylaws, a spending plan, and an investment policy. The business of the Foundation is governed by a nine member board of directors elected by Session.
The objective of the Foundation is to:
Provide a vehicle for members and friends of HMPC to make contributions of a permanent nature.
Invest and administer gifts in a responsible and prudent manner
Expand the ministry of HMPC at home and abroad.
Encourage greater Christian stewardship among members and friends of HMPC.
Being a Christian is, in large part, being a good steward of what God has given us. Yet one of the most important opportunities for stewardship is too frequently forgotten or ignored. By making a final gift, a bequest, we make a powerful statement about the purpose and intent of our lives. In so doing, we direct our resources toward continuing God’s work far beyond the boundaries of our own lifetime.
Plans for Giving
The foundation receives contributions from the following sources:
Designated or undesignated gifts, including cash, real estate, personal property, stocks and bonds
Bequests of all types of property by will.
Life insurance proceeds
Memorial fund contributions in the name of loved ones, one’s self or families.
Permanent endowment fund contributions specifically restricted in use.
Gifts which provide life income and/or savings on income and estates taxes, such as:
Charitable Remainder Unitrust
Charitable Remainder Annuity Unitrust
Pooled Income Funds
Remainder interest in gifts and annuities
Other sources and arrangements according to the donor’s desires. These are subject to the Foundation’s by-laws.
As every man hath received the gift, even so minister the same one to another, as good stewards of the manifold grace of God. 1 Peter 4:10
The Foundation is administered by a nine-member Board of Directors who are elected by the Session of HMPC and serve staggered, three year terms.
Board of Directors
Tom Carpenito, President
Laura Perry, Treasurer
Mac Schafer, ex-officio
The Hudson Memorial Presbyterian Foundation Board has established the Legacy Society to honor those who have named the church or Foundation in their will. Including the church or Foundation in your estate plans provides for the missions of the church beyond a member’s lifetime, supporting the church in perpetuity.
If you have named the church or foundation in your will, we encourage you to fill out the confidential commitment form. Completed forms can be faxed to the church at (919) 510-9990, mailed to the church with attention to Pat Cash or dropped off in Pat Cash’s mailbox in Karl Hudson Room.
The Foundation urges everyone to consult their lawyer, trust officer or financial advisor about bequests, preparation of living gifts, and estate planning.
Gifts to the Foundation may have beneficial tax results.
The Foundation will not solicit contributions in connection with HMPC’s annual giving program.
For additional information, please contact Pat Cash.