By establishing a Foundation, we will be able to accept donations, gifts and bequests, and invest those funds for future use. Stewardship donations are used in the current year.  Foundation donations will be invested and the investment proceeds will be used for future programs and projects as identified by the Parish Council.

For example, the Parish Council has identified over three million dollars ($3,000,000) in repairs and capital expenditures that will be required to maintain our church in the coming years. To date we have been able to fund needed expenditures through Stewardship and special fundraising activities. But that is not a sustainable way to provide for the upkeep of our spiritual home.

Yes, 100% of all donations to the Foundation will benefit Holy Apostles' programs and projects.

A study done for the Capital Needs of the church identified the following major projects that will be needed over the next ten years:

• Parking Lot Replacement - est. $550,000
• Exterior Brick Repair - est. $1,200,000
• Interior Brick Cleaning - est. $200,000
• Repair/Replace Splash Blocks at Gutters - est. $35,000
• Misc. Plumbing Issues - est. $75,000
• Refinish Pews - est. $250,000
• Basement Floor Water Problem - est. $150,000
• Replace (3) Classroom Furnaces - est. $35,000
• Update Classroom Bathrooms - est. $45,000
• Update Life Safety Devices & Control Panel - est. $75,000
• Update Kitchen and Appliances - est. $100,000

No. The structure of the Foundation requires a minimum of two million dollars ($2,000,000) to be collected before disbursing any funds. The investment proceeds can then be used while the initial $2,000,000 capital will remain invested for the future.

For example, once we reach $2,000,000, a 5% return would yield $100,000 for church programs and projects. 

It is important to understand that the Foundation is NOT a replacement for stewardship. Rather, we ask that all members of the Holy Apostles family consider that Holy Apostles is our home, and our stewardship commitment is our mortgage payment for that home. The Foundation should be thought of as a long term savings plan to ensure that our home is cared for and maintained.

Stewardship donations are for the current year. Donations to the Foundation are for the future. Foundation donations could include cash, RMDs (Required Minimum Distributions) from IRAs, bequests, stock donations, life insurance and/or by designating Holy Apostles in your estate plans.