The First Presbyterian Church Memorial Fund is an endowment investment held in Trust at J.P. Morgan Chase. This fund holds 38 designated funds for various purposes within the church. Donors may designate memorial gifts to any of these approved funds.
Any gifts not designated to a specific fund are placed in an undesignated fund and are used for miscellaneous projects needed to keep the church facilities in good order.
A 5% annual distribution payout formula is used to determine the annual income for the Memorial Fund. This payout is then prorated to each designated fund within the investment for use by the overseeing ministry.
The following are brief descriptions of the 15 funds that are open for additional contributions.
Overseen by the Youth Scholarship Team
Briggs Longway Scholarship Fund: Renewable scholarship for up to four years for a graduating High School Senior active in the Pipe program.
Hope Flynn Music Scholarship Fund: One-time scholarship to assist a young person in the pursuit of music.
Molyneaux Scholarship Fund: One-time scholarship for a college under-graduate or graduate member of the church.
Stout UM-Flint Scholarship Fund: Annual Scholarship for any member of the church that is attending The University of Michigan-Flint.
Christian Education Funds
Overseen by the indicated Teams
Adult Education Fund: Used to fund special projects and equipment necessary for our adult Christian education programs.
Children's Ministry Fund: Used to fund special projects and equipment necessary for our children's ministry programs.
Youth Fund: Used to fund special projects and equipment necessary for our youth ministry programs.
Overseen by the Business Office
McKinney Deacons' Fund: Used to offset expenses of the Deacon Team.
Deacon Neighborhood Breakfast Fund: Used to offset the weekly Neighborhood Breakfast and the quarterly Community Meal ministry expenses.
Overseen by the Music and Fine Arts Team
Alvin Judd Fund: Used to offset expenses of the Music Ministry for social gatherings and special projects.
McKay Fund: Used to offset expenses for Youth Music Director's expenses.
Snell Fund: Used to offset expenses for soloists and instrumentalists in worship.
Viet Fund: Used to offset educational music workshops and projects.
Current Expense Memorials
Gifts to these ministries are used almost immediately for ministry purposes.
Music Fund: Used for special Music Ministry needs.
Peirce Memorial Library Fund: Used to make special purchases for the Library.