Endowment

The Holden Beach Chapel has established an Endowment Fund to provide long-term financial support for the Chapel. The principal of our Endowment is invested in a diversified portfolio of assets with the goal of generating returns that can be used to support the Chapel’s mission. After the principal reaches $100,000 a portion of the investment income may be distributed to the Chapel to fund operations, programs or specific initiatives. The Endowment is the financial cornerstone to providing the Chapel a stable and enduring source of funding to support the mission and activities for generations to come. Please consider a financial donation to the Endowment Fund.

 

As of June 30, 2025, the Holden Beach Chapel

Endowment had a balance of $63,193.

 

FAQ’s

 

Who can contribute to the Holden Beach Chapel Endowment?

  • Anyone, anytime. Contributions are accepted at the Chapel office or during the Sunday worship service offering. We encourage Chapel members and guests to consider an Endowment contribution.

 

Who is the Trustee of the Endowment?

  • Provision Financial Resources, based in Cary, NC is the Trustee. Provision was incorporated in 1920 and serves churches, organizations and individuals/families.
  • Provision states their Mission is to encourage and enable faithful and wise financial stewardship for the glory of God and the good of the world.

 

Can gifts other than cash/check be contributed to the Endowment?

  • Yes, there are numerous other options to support the Endowment.
    • Marketable stocks can be gifted to the Endowment.
    • Life Insurance - Supporters of the Chapel can also transfer ownership of an existing life insurance policy, purchase a new insurance policy in the name of the Endowment or name the Endowment Fund as a beneficiary of the life insurance policy.
    • Real Estate can be gifted during your lifetime or at your death.
  • Contact the Chapel office if you want more information on these options.

 

Who decides how the earnings will be spent? Can the distribution change from year-to-year?

  • The Trustees of the Holden Beach Chapel will determine what portion, if any, of the interest will be distributed annually.  Interest will not be distributed until the Endowment reaches $100,000.
  • The Trustees of the Holden Beach Chapel can amend the threshold and/or method of calculating the annual distribution.