The Foundation of San Marino Community Church, established in 1958, creates current and future giving opportunities for members of San Marino Community Church who give back in response to God's blessings. The Foundation is an active steward of the church's endowment, a collection of pooled and individual funds which donors have asked the Foundation to hold and invest in perpetuity. Disbursements from the endowment are distributed on an annual basis and support every aspect of the Church's ministries: children, student and adult ministries; worship and music ministries; community grants; and care of the sanctuary, manse and physical facility. The Cornerstone Society consists of those who have included the Foundation or San Marino Community Church in their estate plans.
The purpose of funds donated to The Foundation differs from regular gifts to the Stewardship Campaign or Estimates of Giving. The best way to explain these differences is in terms of a checking account verses long-term savings.
Estimates of Giving (via the Stewardship Campaign) are used to fund the operating budget for that year only, and include support for all of the church’s ministries and programs, and regular maintenance for the property. While the church’s budget covers daily operating expenses, it cannot absorb all necessary long-term capital improvements and special projects, and has only limited capacity for weathering difficult economic times. Estimates of Giving act like a checking account that allows us to meet those expenses that we can reasonably project year-to-year.
Gifts to The Foundation are invested in perpetuity like a savings account, with disbursements made annually to support aspects of the church’s ministries that go above and beyond the annual operating budget. In this way, it acts as a savings account for the church, providing financial stability for those expenses not foreseen in the budget.
In addition to disbursements made to the church, the Foundation Board has a Community Grants Committee that receives annual applications for community grants. Each year, the Community Grants committee selects a number of local organizations (in the San Gabriel Valley or larger Los Angeles community) to receive grants for capital improvements that make possible their continued ministry. For the 2021-2022 Grant season, the Foundation will distribute an estimated $60,000 in grants to these local non-profit organizations.
If you have questions about The San Marino Community Church Foundation, contact Director for Communications & Development Victoria Smith.