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Collegiate Presbyterian Church
The Fanslow Family Fund | 102240101577
The Foundation shall reinvest the net income of the Fund (hereinafter the Net Income) into principal until the death of the last to die of the Donors, so that such reinvested Net Income becomes principal. After receipt of written notice of the death of the last to die of the Donors, the Foundation shall pay the Net Income to the Collegiate Presbyterian Church, 159 Sheldon Avenue, Ames, Iowa 50014 (hereinafter the Beneficiary). The use of the distributions from the Fund shall be limited to those projects that are recommended by the Endowment Committee and approved by a 60% majority of the Session. Although the donor's preference for spending distributions would be for refurbishing and maintenance of the church facilities, this preference does not preclude spending for other projects judged of greater priority by the Endowment Committee. When recommendations by the Endowment Committee are not approved by a 60% majority of the Session, no funds are to be spent.
Fund DetailCollegiate Presbyterian Church
Neva M. Petersen Memorial Fund | 102240094622
No restrictions. To be used as the Session shall decide.
Fund DetailCollegiate Presbyterian Church
Lualis D. Dumenil Building Fund | 102261102225
Income to be used for major renovations or capital improvements. In addition to income payments, beginning January 01, 2050 principal shall be available upon receipt of written request from Collegiate Presbyterian Church. Principal to be used for major renovations or capital improvements to Collegiate Presbyterian Church of Ames.
Fund DetailCollegiate Presbyterian Church
Max S. Wortman, Jr. Staff Development Fund | 102240201257
Distributions are restricted for professional development of Collegiate Presbyterian Church Staff. Professional development shall include, but not be limited to, conferences, retreats, continuing education, sabbaticals, and books. Use of the monies should be determined by the Church Staff, with approval of the Session. Distributions from the fund may be accumulated, at the discretion of the Session, and be carried over for up to three (3) years. Beginning on January 1, 2057, the distributions from this permanent fund shall be released from the restriction for use for professional staff development and distributions may be used for the general purposes of the Church as the Session may then see fit.
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