The Session has approved the formation of a PCM Endowment Fund, along with its related Investment Policy Statement and the rules to manage it. It was created to fund future projects or items that are not part of our annual budget. Only the earnings on our investments may be spent by the Session, and the principal may never be touched. The performance of these investments will be reported annually as part of the Treasurer’s report.
The benefit of giving to the Endowment Fund, as opposed to a Memorial Fund, is that the gift continues to multiply and then fund Session approved projects far into the future. You can contribute to this future by including PCM in your will, or by simply making a donation today.