St. David’s Foundation
Honor our history. Enrich our present. Anticipate our future.
With a gift to St. David’s Episcopal Church Foundation, forward thinking individuals who love St. David’s can leave an enduring legacy. The gift principal is invested and never spent when directed to an endowment fund. As the funds of the Foundation grow, distributions from earnings are made. These distributions support the purposes for which the endowment funds were established.
Today, net assets of St. David’s Episcopal Church Foundation are over $6 million. The funds of the Foundation got their start on December 19, 1941 when the Rev. Charles A. Summers opened the first meeting of the St. David’s Endowment Trustees. By 1967, the endowment of the Parish had grown to a net worth of $238,453. Distributions from earnings are used in accordance with the purposes for which the endowment funds were established. The annual distribution now exceeds what the funds’ net worth was twenty-five years ago.
In 1993, St. David’s Episcopal Church Foundation was incorporated to provide ongoing, consistent oversight to the endowment funds. These funds have been professionally invested and managed for more than a quarter of a century by nationally recognized firms, and this continues to be the case, with RBC Dain Rauscher providing local monitoring. All the funds of the Foundation are managed and invested together and collectively referred to as our endowment. St. David’s Episcopal Church Foundation, a 501 (c) (3) organization, is governed by a nine member board of directors, including the Rector and Senior Warden. As of December 31, 2006, the Foundation assets were valued at $6,141,315 million.
Going forward, we have the opportunity to build the Funds of the Foundation to a level where they can provide meaningful, needed enhancements to St. David’s Episcopal Church – enhancements that will be important to our parish’s ongoing vitality and ministry; enhancements that are beyond the reach of annual operating revenues. A gift to St. David’s Episcopal Church Foundation is a wonderful way simultaneously to be part of our church history and of our church future.
Immediate gifts may be made by sending a check directed to: St. David’s Episcopal Church Foundation, 304 East 7th Street, Austin, TX 78701. If the gift is an honorarium or memorial, please note who is to be honored or remembered and where an acknowledgment should be sent. A record of memorial gifts is kept in St. David’s Book of Remembrance on display outside the Historic Sanctuary.
Planned gifts through bequests and other gift provisions are welcome. These gifts are vitally important to building the endowment of St. David’s. People who make a planned gift provision for St. David’s Episcopal Church Foundation or who establish a named gift of the Foundation are members of The Sumners Legacy Society.
Please take a moment to look at St. David’s Investment Policy
For More Information
Molly Sharpe, in the Foundation office, will be glad to assist you and, as you wish, to arrange for you to meet with the Rector or with a Foundation Director. Please contact her at 472-1196, ext. 133 or by .
Please see our Gifts page.
