by Kirk Walden, Advancement Specialist
How many of us have sat down and begun penning ideas for the future of our ministry or organization, dreaming big dreams of what we could do if we just had more funding? I know I have, many times.
I've sketched out additional rooms, even a new building. At other times I scribbled down notes on new initiatives, created a list of new staff members and more.
The challenge for me—and perhaps for you—is in the "getting there" part of the equation. As an executive director, investing millions of hypothetical dollars in the future of our ministry was easy. Finding those funds; well, that was the hard part.
As we launch into 2015, let's throw out a realistic way to at least begin our journey toward a bright, fully funded future for our ministries: An endowment.
We might say, "Endowments are for hospitals, colleges, universities—big organizations. Not for us." We would be quite incorrect.
Endowments are for all of us, and an endowment is a terrific way to build up a funding stream for our basic needs so we can stretch our organizations into new initiatives, new and improved facilities and other places God is leading us.
In short, an endowment is a fund whereby only the interest earned or a pre-determined amount is spent each year for our organization's overall budget or for a specific area of ministry.
C'mon, dream with me for just a second. Let's take off our "realism" hat and ask, "Wouldn't it be nice if our basic budget was funded by an endowment and every dollar raised could go toward something new to better reach and serve those we see?"
Maybe it's just me, but I think this would be great. While I realize that creating an endowment of this size for any ministry would be quite a reach in the realism department, it is possible to start building an endowment today that, over time, could fund a growing portion of our work. And one day, who knows where that might lead?
We will only know how far we can go once we get started. And if we don't already have an endowment, the time to start is always "now."
In this issue of Advancement Trends in the Life Community, let's take a good look at this funding mechanism. As we do, we might find a path to a bright future for our ministry.