Legacy Giving
Legacy gifts through bequests and other gift provisions are vitally important to the future of St. David’s Episcopal Church.
All who love St. David’s are warmly invited to consider a planned gift to St. David’s Episcopal Church Foundation, as part of their giving journey. Every household among us is called to think deeply about how to live our faith and to believe that as we are given, we can give. Legacy gifts are potentially for all of us – something to be thought of proportionately to our means, rather than as a matter of how much wealth we do or don’t have.
Immediate gifts may be made by sending a check directed to: St. David’s Episcopal Church Foundation, 301 East 8th 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.
Sumners Legacy Society
The Sumners Legacy Society recognizes those who have made a bequest or other planned gift from their estate. These can be gifts of any size and can be structured as a dollar amount or percentage. They can also be distributed from life insurance policies, annuities, and IRA and 401 (k) accounts. As you consider your journey with St. David’s, we invite you to consider joining the Sumners Legacy Society in your estate plans.
Endowment History
The Endowment 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 Stephens, Inc. 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.
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.