History and Mission
Bridging the gap
Although the world has changed since 1891, the need for resources to support our clergy remains. Each year, The Endowment Board grants the Board of Pensions (BOP) funds to help retirees cover the financial gap that emerges when Medicare falls short. With the ever-increasing cost of healthcare, this gap is widening. The support our clergy get from The Endowment Board is more crucial than ever to their health, comfort, and security.
Reverend John Dodson speaks to the
The Endowment Board is grateful to our retired clergy for their years of devoted service. Since 1891, we have been honored to provide:
Security and peace of mind for your minister with pension funds and support
Financial relief for your church with reduced healthcare contributions
Tax advantages for you and your family, plus the satisfaction of helping those who have served us
Since the Board was launched, we have granted over $46,000,000 to the Board of Pensions (BOP) and the Retired Clergy Association (RCA) to provide much needed healthcare subsidies, pensions and other programs to support our retired pastors and their spouses. For over 125 years, we’ve nurtured a diverse portfolio of trusts, stocks, bonds, and real estate holdings. In addition to this investment income, we have been blessed with generous donors who have helped build a robust endowment so that we can serve those who have served us for so many years.
The BOP also uses The Endowment Board’s funds to support pre-1982 pension service years. Without this funding, these expenses would fall on the individual churches, costing them over $1 million per year. For every year that a retired clergy served prior to 1982, a designated sum is given annually, ensuring clergy the financial security they deserve.
“The Endowment Board provides the bulk of the Retired Clergy Association (RCA) funding for our mission and ministry through both a direct gift each year and through dividends from the notes program. It enables us to sponsor events such as the Spring Fling and the RCA Luncheon at our Annual Conference, per diems to attend Annual Conference, and Volunteers In Mission service trips.” — Nancy Daley, Executive Officer, Retired Clergy Association
2017 Spring Fling Event
The Endowment Board, BOP, and RCA are working together to host financial planning seminars for those retiring within the next five to ten years. These include presentations from the Social Security Administration and the General Board of Pensions, a long-term health insurance specialist, an attorney specializing in estate planning, and reports from the BOP regarding current retiree healthcare options.
These valuable informational sessions help our clergy plan for a rewarding retirement. The contributions of The Endowment Board have enabled retirees and their families to improve the quality of their lives.