Foundation Fund Quiz

What is the Foundation Fund for the First Presbyterian Church, Sun City?  Take this True/False quiz to find out how much you really know about it.  (The answers will be printed tomorrow!)

1. T or F ________

The Foundation Fund, also known as The Fund, was started in December, 1979 – shortly after Dr. Douglas Wright began his ministry at our church.

2. T or F ________

The Fund was established to supplement the annual operating budget, for major repairs and maintenance for the campus.

3. T or F ________

The objectives of The Fund are realized through gifts and bequests.

4. T or F ________

Cash gifts, pledges, and bequests are the only accepted donations.

5. T or F ________

Gifts do not qualify for a federal tax deduction.

6. T or F ________

The Fund is overseen by The Fund Committee of two (2) Session members and three (3) members at large.

7. T or F ________

Generally accepted endowment fund policies allow for 7% to 8% of earnings to be withdrawn on annual basis and principal as needed.