The Globe Endowment Fund
To learn more about the Globe Endowment Fund, please read the information below.
- What is the Globe Endowment Fund?
- How does the Globe Endowment Fund invest and grow?
- Who benefits from the Globe Endowment Fund?
- Why should I give to the Globe Endowment Fund?
- How can I give to the Globe Endowment Fund
What is the Globe Endowment Fund?
The Globe Endowment Fund manages gifts and endowments from Globe benefactors who give to support Globe missionary work. The Fund invests these contributions and gives a portion of the growth to missions. The principal is never spent. This provides ongoing support to Globe missionary projects.
How does the Fund invest and grow?
The Fund invests in a conservative portfolio of stocks, government and corporate bonds, mutual funds and money market accounts. The Fund distributes at least 80% of annual growth to missionary work. Remaining earnings are reinvested.
As earnings are available, distributions to missionaries can be made several times each year. Distribution policies, established by the Globe Board of Directors, guide decisions about how distributions are made.
The Globe Board of Directors approves distributions to four categories:
1. Vehicle purchase assistance
2. Ministry building projects
3. Evangelistic outreach projects
4. Special needs fund-matching programs
All gifts to the Fund create revenue that is used over and over. In effect, your gift can support missionary ministry throughout your lifetime, and until Jesus comes!
1. Write a check to Globe International and designate the gift to the “Globe Endowment Fund.” There is no minimum that you can give to the Fund.
2. Designate a portion of your estate, by including the Fund in your will or trust.
3. Make the Fund a beneficiary of your life insurance policy.
Cash contributions are receipted quarterly. Other gift forms (stocks, etc.) are acknowledged by letter of receipt. All contributions to the Fund are tax deductible. If necessary, consult your attorney or financial consultant for assistance about giving.
For more information about the Globe Endowment Fund, contact the Globe office.