Church of the Apostles

Presbyterian Church of the Apostles Endowment Fund

Beneficiary location:

Burnsville, MN

Account number: 102261102000

Designated Use

At the discretion of the Session, the net income from the Fund is to be used to seed and expand Presbyterian Church of the Apostles mission, ministries, and outreach, including support of its buildings and other capital needs. The net income is to be used for new and special projects, not for annual operating expenditures. Session reserves the right to reinvest the net income into principal or to accumulate the net income in an interest bearing account, both of which can be initiated and terminated with a written request by the Session to the Foundation. If, in the session's discretion, financial emergency arises which threatens the existence of the congregation, the principal portion may be invaded or borrowed against with a 3/4 vote of the Session.