Endowment Board Annual Stewardship Report

September 08, 2017

The Endowment Board would like to thank donors for their contributions in the fiscal year 2016 to 2017. Through gifts, the Endowment Board has granted over $44 million to the Board of Pensions (BOP), and the Retired Clergy Association (RCA) to provide healthcare subsidies, Pre-1982 pension service years funding, and RCA membership, services, and programs for the retirees and their spouses of the California-Nevada Conference.   
 
In fiscal year 2016 – 2017, the Endowment Board provided:
 
BOP:
-        Healthcare coverage for 306 retired pastors and their spouses
-        Funding of Pre-1982 pension service years, saving local churches over $1 million in apportionment costs
-        Healthcare subsidies to 13 families and/or individuals to assist clergy with healthcare expenses that they otherwise couldn’t afford
 
RCA:
-        Served 515 families (retired clergy and surviving spouses)
-        Subsidy for the RCA Annual Luncheon
-        Book of Memoirs printing and publication
-        Per diems for those who couldn’t afford to attend Annual Conference
-        Seminary student scholarships
-        Three issues of the RCA newsletter – Days of Grace
-        Spring Fling annual event
-        Volunteers in Mission trip
-        Pastoral Response Team (assists retirees in crisis)
-        Administrative fees vital to the maintenance of the organization
 
Auxiliary Events:
-        Scholarships to the Annual “Gathering of the Orders” and keynote speaker sponsorship
-        Ecumenical Retreat Support