Immanuel Church-on-the-Hill established the Immanuel Church-on-the-Hill Trust Fund to encourage, receive, and faithfully administer gifts as expressed by the donor and in keeping with the Canons of the Episcopal Church, the Diocese of Virginia, and the policies of the Parish.
The Trust Fund enables the Parish to fulfill its mission more completely by developing ministries beyond what is possible through its annual operating funds.
The Trust Fund provides parishioners and families the opportunity to create legacy gifts that will ensure the future of Immanuel’s work in years to come.
The Immanuel Church-on-the-Hill Trust Fund is composed three sub-funds.
As of the end of August 2024, the account balance for the three sub-funds in the Trust Fund totaled approximately $1,245,000. The Trust Fund is invested with Trustees of the Funds (ToTF) established by the Episcopal Diocese of Virginia to serve as an independent fiduciary to faithfully invest and manage funds conservatively with investments aligned with Episcopal values.
Board of Trustees
A nine-member Board of Trustees, appointed by the Vestry for staggered terms of three years, oversees management of the invested funds and monitors distributions to ensure compliance with the Fund purpose, spending rules, and distribution policies.
The current Board of Trustees includes the following members:
Serving through December 2024
Sujatha Augustine, Secretary
Douglas Henry
Danette (Dani) Gentile Kauffman
Serving through December 2025
Thomas Brown
Jennifer Greiner
Kathryn Jackson Haskin
Serving through December 2026
Wilton Corkern, Chair
Shawn Whitman
Darrell Wilson
The Trust Fund enables the Parish to fulfill its mission more completely by developing ministries beyond what is possible through its annual operating funds.
The Trust Fund provides parishioners and families the opportunity to create legacy gifts that will ensure the future of Immanuel’s work in years to come.
The Immanuel Church-on-the-Hill Trust Fund is composed three sub-funds.
- The Endowment Fund is a “True Endowment” which hold funds in perpetuity. The annual spending policy permits distributions limited to 3 to 5 percent of a rolling twenty quarter average fund value to be used each year for maintenance of the Parish house, chapel, rectory, and any other real property of the Parish, as well as for Parish ministries outside of the regular budget.
- The Callaway Memorial Fund is a “Quasi endowment.” The annual spending policy permits distributions each year from the corpus and 3 to 5 percent of a rolling twenty quarter average fund value, subject to any applicable donor restrictions, for general fund use by the Parish, for its building fund, or for religious institutions in the Diocese of Virginia or the Episcopal Church.
- The Memorial Garden Fund is a “True Endowment” which holds funds in perpetuity. The annual spending policy permits 3 to 5 percent of a rolling twenty quarter average fund value to be used each year for the maintenance, enhancement, and development of the existing memorial garden at the Zabriskie Chapel.
As of the end of August 2024, the account balance for the three sub-funds in the Trust Fund totaled approximately $1,245,000. The Trust Fund is invested with Trustees of the Funds (ToTF) established by the Episcopal Diocese of Virginia to serve as an independent fiduciary to faithfully invest and manage funds conservatively with investments aligned with Episcopal values.
Board of Trustees
A nine-member Board of Trustees, appointed by the Vestry for staggered terms of three years, oversees management of the invested funds and monitors distributions to ensure compliance with the Fund purpose, spending rules, and distribution policies.
The current Board of Trustees includes the following members:
Serving through December 2024
Sujatha Augustine, Secretary
Douglas Henry
Danette (Dani) Gentile Kauffman
Serving through December 2025
Thomas Brown
Jennifer Greiner
Kathryn Jackson Haskin
Serving through December 2026
Wilton Corkern, Chair
Shawn Whitman
Darrell Wilson
