Door Creek Church Foundation

THE PURPOSE

The Door Creek Church Foundation (DCCF) provides an opportunity for people seeking to give legacy gifts to glorify God with their wealth and Christian stewardship over and above their regular tithing, while funding the long-term viability of the Church's mission: 'Changing lives to change the world'. The Door Creek Church Foundation is a 501(c)3 non-profit organization and operates with its own board, taking direction from the Door Creek Church Stewardship Board.

TYPES OF GIFTS

The DCCF allows people to provide designated gifts to specific ministries of Door Creek Church. This includes planned and directed giving of various gift options to individual funds. Giving to DCCF is as simple as giving a cash donation to DCCF to making DCCF a beneficiary of an estate gift. In most cases you should discuss these options with your financial advisor, accountant, and/or estate planning attorney.

The most common gifts to DCCF include:

  • Cash
  • Publicly Traded Securities  These are shares of stock, mutual funds, or bonds that can be donated to DCCF.
  • Bequests Under Wills/Trusts  A bequest, which is a distribution of assets according to instructions left in a will, can be given to DCCF in a variety of forms: a fixed dollar amount, a percentage of the estate, or a specific asset within the estate.
  • Gifts of Life Insurance and Retirement Plans  This gift allows a donor to list DCCF as a beneficiary of a life insurance policy or retirement plan. The donor retains ownership of the insurance policy or retirement plan, thus retaining control over the right to cash it in, borrow against it, and so on. The proceeds of the policy or the balance of the retirement plan will be left to your estate upon your death to distribute to DCCF as designated.
  • Charitable Gift Annuities   A charitable gift annuity is an agreement in which DCCF accepts a gift of cash, securities, or property and pays a specified, fixed dollar amount to the donor. The fixed dollar amount is based on the donor's age. Since a charitable gift annuity is irrevocable, DCCF maintains control over this gift and is responsible to pay income for the lifetime of the donor.
  • Tangible Personal Property   This can be in the form of jewelry, automobiles, and so on.
  • Closely Held Securities   These are shares of stock or bonds that are held by a small number of individuals who are closely related to a company as defined by the SEC.
  • Real Property   This includes land and any improvements, such as a house or building.

MANAGED FUND ALLOCATION

The DCCF contains several categories of gift management funds:

Permanently Restricted Funds*

  1. Ministries Fund - This fund supports special ministry projects that increase the community impact of the Church. Examples may include youth ministry projects, music ministry, or community outreach programs.
  2. Missions Fund - This assists in sending persons from Door Creek Church on mission trips at home and abroad. The Missions Fund can support both long-term and short-term mission projects.
  3. Education Fund - This fund is designed to assist Door Creek Church staff and members in the advancement of Christian education and training.

Temporarily Restricted Funds**

  1. Building Fund - This fund is designed to raise capital for building projects or unusual repairs to the church. All contributions to the Building Fund will be temporarily restricted and distributed in part or in sum at the DCCF Board's discretion.
  2. Benevolence Fund - This fund provides support for local or national disaster relief or other benevolence needs as approved by the DCCF Board.

* Permanently Restricted Funds are those that allow for only the dividends of the investment to be used for the designated purpose. The principal remains in the fund in perpetuity.

** Temporarily Restricted Funds are those that allow both principal and interest to be used for the designated purpose.

PARTNERSHIP

The DCCF works in partnership with Barnabas Foundation, a Christian investment organization, to manage the portfolio of investment funds, to offer guidance on making tax-wise decisions, to provide stewardship education based on biblical principles, and to offer other administrative services as needed.

Contact with questions or to establish a gift.