Incarnation Foundation

October 2011

Have you considered making a gift in your will to the charitable foundation that supports the mission and ministries of our parish? By doing so or making another type of planned gift, you will join The Bishop Garrett Society described under the “Giving” tab on this website.

The Incarnation Foundation is a nonprofit charitable organization that was established over 25 years ago to manage endowment funds established by generous parishioners who have wanted to support the activities our parish in an enduring and permanent way. Over the years, endowed gifts made to the Foundation have enabled grants to be made to benefit our parish in many ways. These include assisting with the housing needs of our clergy, acquiring land for future expansion, funding major repairs of our facilities, enhancing the music program, supporting candidates for ordination to the priesthood, and much more.

It is important to know that it is the policy of the Foundation not to fund the annual operations of the parish, including to supplement the Stewardship Campaign. Rather, it is each of our annual Stewardship gifts that determines the operating budget for our parish. By contrast, endowed gifts to the Foundation typically address the long term needs of the parish.

The Foundation is managed by a board of parishioners who are appointed by the Vestry for three-year terms. The board is responsible for the careful long term investment of our endowed funds, and it retains a professional investment manager to help assure prudent investment of the gifts entrusted to the Foundation. The board oversees the making of grants in furtherance of the expressed intent of the parishioners who have established these endowments.

The current members of the Foundation board are: Bishop Burton (ex officio), Pat Carrigan, Bill Davis, Marty Eisenlohr, Peter Flynn, Jim Graves, Chris Harris, Rick Hayslett, Cynthia Krause, Mark LaRoe, Bill Lively, Edward Mercer (ex officio), and Neel Lemon. Please contact any of us if you are interested in knowing more about the Foundation.

Our parishioners have been exceedingly generous over the years. Gifts to the Foundation from parishioners in 2010 totaled $451,554; in 2009 were $85,055, and in 2008 were $178,530. As of August 31, 2011, the Foundation managed assets valued at $3,283,741. In addition to these assets, the Foundation over the past decade has acquired land north of the Church for future expansion valued at approximately $3 million. The most recently audited financial statements of the Foundation for calendar year 2010 (.pdf) can be viewed on the Church’s website at www.incarnation.org.

If you would like to discuss the possibility of remembering the Foundation in your estate plans, please contact me or any other member of the Board. We will be happy to assist you and will do so on a confidential basis.

Our parish is indebted to the extraordinary generosity and vision of those parishioners whose legacy gifts made over a number of decades have provided for long term support of our parish and its mission. We hope you will consider joining them in making a gift to The Incarnation Foundation.

Thank you.

Peter Flynn (email)
President of The Incarnation Foundation

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