IMMANUEL CHURCH-ON-THE-HILL
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Trust Funds

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.
  1. 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.
  2. 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.
  3. 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 2022, the account balance for the three sub-funds in the Trust Fund totaled approximately $1 million dollars.  The Trust Fund is invested with Trustees of the Funds (ToTF) established by the Episcopal Diocese 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 and has one vacancy to be filled December 2022:
 
Serving through December 2022
Kerry Kelly Wade, Chair
Steve Brown
 
Serving through December 2023
James Clausen
Wilton Corkern
Chandley McDonald
 
Serving through December 2024
Sujatha Augustine
Douglas Henry, Secretary
Danette Gentile Kauffman

Immanuel Church-on-the-Hill

Episcopal/Anglican


3606 Seminary Road
Alexandria, Virginia 22304
(703) 370-6555
​office@icoh.net

  • Home
  • ABOUT US
    • Accessibility and Assistance
    • Contact Us
    • Clergy & Staff >
      • The Rev. J. Randolph Alexander, Jr.
      • The Rev. Susan Parsons
      • Dr. Jane Tavernier, D.M.A.
    • Vestry, Administration, Annual Report, and Bylaws >
      • 2023 Parish Meeting
      • Previous Vestries
      • Annual Report
    • Parish Directory 2022
    • Virginia Theological Seminary
    • Valley Drive Cooperative Preschool
    • Scouts BSA Troop 131
    • Annual Pumpkin Patch for Charity
    • Memorial Garden
  • WORSHIP
    • Advent and Christmas 2022
    • Lectionary
    • Sermons
    • Worship service bulletins >
      • Service Bulletin Archive
  • GIVE
    • 2023 Every Member Pledge
    • FAQs & Proportional Giving Chart
    • 2023 Online Pledge Card
    • 2023 Downloadable Pledge Card
    • Ways to Give
    • 2021 Testimonials
    • Online Giving >
      • Legacy Online Giving
    • Christmas Flowers
    • Practical Matters & Faithful Giving
    • Tax Questions
    • Planned Giving
    • Trust Funds
    • Amazon Associates
    • Tithe.ly
  • SERVE
    • Outreach
    • Pastoral Care
    • Creation Care Ministry >
      • The Climate Crisis: Here's How YOU Can Help
      • Celebrating Trees
      • Immanuel's Solar Project >
        • Blessing of the Solar Panels
      • Water/Weed Volunteer
    • Senior Adult Ministry and Fellowship
    • Social Justice Ministry
  • LEARN
    • Children, Youth, and Families >
      • PYM & Shrine Mont Camps
    • Adult Education >
      • Breakfast Bible Study Brochure
      • 2023 Lenten Retreat
      • Forum Hour Videos
    • Benedictine Community
    • Lay Committee for Seminarians
  • CALENDAR
  • Newsletter-on-the-Hill
  • Almond Tree Quarterly & In Brief
  • Simple Gifts Newsletter
    • Simple Gifts Archive
  • Episcopal News Service
  • Subscribe