The Foundation

MISSION STATEMENT

The Cornerstone Community Church of Greeley Foundation provides a means by which those who love Christ’s Church can leave a financial legacy, during or after their lifetime, for support of Christian ministries affiliated with Cornerstone Community Church of Greeley, Colorado. Gifts, designated and non-designated, once accepted, belong solely to our Lord, Jesus Christ, and will be used to further His Kingdom here on Earth as guided by our faith statement and the Church Session.

 

HISTORY

After years of discussion, a foundation was established for our church in 2007. The Cornerstone Community Church of Greeley Foundation is accountable to the Session. The Foundation will work to inform, educate and assist members and friends of our church in understanding the benefits associated with planned charitable giving and how the ministries of the church will benefit.

ORGANIZATION

The Foundation ascribes to the general guiding principles and standards set forth by the Evangelical Council for Financial Accountability. It is governed by a Board of Directors. The Board members serve three-year rotating terms and are accountable to the Session of the church. Board members are well-connected and enthusiastic church members, ideally with business, accounting, financial planning, or legal backgrounds.

PURPOSE

The Foundation has been set up to assist individuals and couples to provide a legacy in funding ministries of the church while utilizing appropriate tax-saving strategies. There are many vehicles available to leave lasting financial support for the work of the church.

GIFTS

The Foundation may accept gifts of:
• Cash
• Appreciated Assets (i.e., stocks, bonds, mutual funds, real estate, and personal property)

DEFERRED GIFTS

Deferred gifts are those which become fully available to the Foundation at a later date, generally coinciding with the death of the donor. Examples of deferred gifts with tax advantages for the donor(s) are listed below. This is not an exhaustive list; your tax advisor and/or attorney will be able to help determine the best vehicle for achieving your intentions.

Deferred gift opportunities include:
• Life income plans
• Charitable Lead Trusts
• Charitable Remainder Trusts
• Life Insurance Policies
• Wills and Bequests

Gifts may be designated to aid in funding one or more of the ongoing ministries of the Church, including:

• Missions Endowment.
• Music Ministries Endowment.
• Youth Programs Endowment
• General Endowment (to provide lasting financial support to the ministries of Cornerstone Community Church, as determined by the Church Session)

Non-designated gifts will be directed to the General Endowment.

The Foundation is organized as a Colorado nonprofit corporation. The Internal Revenue Service has determined the Foundation to be exempt from federal income taxation under the provisions of Section 501(c)(3) of the U.S. Internal Revenue Code. EIN: 20-8853613, and as such, all donations to the Foundation are tax-deductible.

Contact:
Bill Hoyt: Board Chair
970.978.9951 | williamhoyt456@gmail.com

Lois Morris: Church Business Administrator
970.352.3030 | cba@csgreeley.org

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