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The Fund Committee has the responsibility of administering the Bethlehem First Presbyterian Fund (BFPF), a collection of individual funds that provides capital and/or income for a variety of church-related projects. BFPF funds are divided into two major groups: “Permanent,” where only the income may be spent, and “Non-Permanent,” where both the principal and income may be spent. Within each of these major groups, individual funds are divided into four categories: General, Ministry and Mission, Facilities and Property, and Restricted.
Applications for money from any of the funds in the BFPF are submitted by church staff members or committees to the Fund Committee. When Fund Committee members have completed their evaluation of an application, their recommendation is forwarded to the Session.
THE BETHLEHEM FIRST PRESBYTERIAN FUND
PERMANENT SUB-FUND (only the income may be spent)
THE PERMANENT GENERAL FUND: This fund receives bequests and other gifts not designated for one of the components of the Permanent Sub-Fund. The following priorities have been established for the income from this fund: (a) the salary and expenses of the Planned Giving Officer, and (b) other Session-directed purposes.
THE ANDREW L. BETTER and I. CLARICE BETTER MEMORIAL FUND: Income from this named fund is unrestricted as to use.
“MINISTRY AND MISSION” COMPONENT: Monies in this component are to be used to enhance or develop the church’s ministry/mission endeavors, locally or globally.
HELEN HARVEY JONES FUND: Income from this named fund may be used for any ministry/mission purpose.
MINISTRY AND MISSION FUND: This fund receives bequests and other gifts intended to support any ministry/mission purpose.
“FACILITIES AND PROPERTY” COMPONENT – Monies in this component are to be used to pay for maintenance and enhancement of the church’s facilities, property and equipment.
FACILITIES AND PROPERTY FUND – This fund receives bequests and other gifts intended to provide income for maintenance or enhancement projects.
RESTRICTED” COMPONENT: Bequests and other gifts that are restricted must be managed in accordance with the donor’s stipulation.
THE JARED L. WILY MEMORIAL FUND FOR HIGH SCHOOL CHOIR MINISTRIES: This fund was established to honor Jared L. Wily and to provide income for scholarship assistance and support of High School Choir Ministries in any of three areas: choir mission trips, choir trips (such as the annual trip to New York City on Election Day) and the choir program in general.
THE GREG FUNFGELD FUND FOR SACRED MUSIC: This fund was established to honor and celebrate 20 years of distinguished service by Greg Funfgeld to First Presbyterian Church as Director of Music, and to provide income for a broad range of programs designed to advance the study and performance of sacred music at First Presbyterian Church of Bethlehem.
THE BARRY BRANDT MEMORIAL SCHOLARSHIP FUND: This fund was established to provide income for scholarship assistance to Protestant students, preferably First Presbyterians, who have financial need and demonstrated scholastic ability or intelligence.
THE LOUISE W. DIMMICK INTERNATIONAL SCHOLARSHIP FUND: This fund was established to recognize Louise Dimmick’s life-long devotion to and involvement with international students, and to provide income to assist internationals in their educational development so that they might effectively serve, support and/or lead foreign churches or parachurch organizations in their mission enterprise. For purposes of this Fund, the term “internationals” shall include (a) students from foreign countries who are preparing for Christian ministry and are studying in the United States or another country on a temporary basis and (b) students originally from a foreign country who are studying in the United States and are related in a significant way to enabling foreign mission endeavors.
THE McKNIGHT MISSION SCHOLARSHIP FUND: This fund was established to provide income to assist persons to participate in inspirational, educational and service opportunities which would both enlarge their personal sense of the cause of national/world mission service for Christ, and would enable them to promote the mission cause within the congregation of First Presbyterian Church of Bethlehem.
THE ST. ANDREWS FUND: This fund was established to provide income to alleviate human needs within the community, preferably the needs of other than First Presbyterian Bethlehem members whose needs would ordinarily be met by the Board of Deacons.
THE MUSIC FUND: This fund was established to provide income for special music events for the congregation and community.
THE MISSION FUND: This fund was established to provide income for local or worldwide mission or outreach projects.
THE GRACE FRETZ FUND: This fund was established to provide income for “Older Adult ministries, such as Hi Neighbors.”
ENDOW YOUR PLEDGE FUND -- This fund receives bequests and any other gifts intended to support the church’s annual budget, thus enabling people to ‘endow’ their annual support of the church in perpetuity. Income from this fund will be transferred annually to the general operating budget.
NON-PERMANENT SUB-FUND (both principal and income may be spent)
THE NON-PERMANENT GENERAL FUND: This fund receives bequests and other gifts not designated for one of the components of the Non-Permanent Sub-Fund. Principal and income may be spent for any Session-directed purpose.
MEMORIAL FUND: This fund receives gifts to honor or memorialize friends and loved ones.
“MINISTRY AND MISSION” COMPONENT: Monies in this component are to be used to enhance or develop the church’s ministry/mission endeavors, locally or globally.
MINISTRY AND MISSION FUND: This fund receives bequests and other gifts intended to support any ministry/mission purpose.
“FACILITIES AND PROPERTY” COMPONENT: Monies in this component are to be used to pay for maintenance and enhancement of the church’s facilities, property and equipment.
HELEN HARVEY JONES FUND: This named fund is not restricted except for a preference for “youth and children’s programs.”
FACILITIES AND PROPERTY FUND: This fund receives bequests and other gifts intended to support maintenance or enhancement projects.
“RESTRICTED” COMPONENT: Bequests and other gifts that are restricted must be managed in accordance with the donor’s stipulation.
MEMORIAL GARDEN FUND: This fund was established to receive gifts and payments for spaces in First Presbyterian Church’s Memorial Garden.
PASTOR HOUSING FUND: This fund was established to provide no-interest housing loans to First Presbyterian Church pastors and associate pastors.
ELIZABETH AND MARY SLOAT MISSION FUND: This fund was established “to be utilized for missionary support.”
THE REVEREND DR. LLOYD JOHN OGILVIE GUEST PREACHER FUND: This fund is to be used to pay guest preachers for preaching at worship services as well as teaching at church educational events.
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