CPC Youth Endowment
This endowment is intended to provide financial resources to further the education and spiritual life of youth who are active in Clemmons Presbyterian Church.
This financial aid is focused on the following two areas:
- Scholarships to help students attend accredited institutions of learning and,
- Additional financial aid to enhance/expand youth activities*
The Board of Trustees governs the yearly review process and award presentations.
Governance and Award Selection Appendix
The Board of Trustees governs the endowment and administers the award selections and announcements. Below are guidelines for the Board to follow as it administers the endowment. These guidelines can be modified by the Board to better govern the Endowment.
- 1. Members of the Board of Trustees have administrative responsibilities for the income derived from the endowment. The Board can modify the use of the fund as long as the new use is consistent with the intent of the endowment.
- 2. Trustees serve 3-year terms. They can be elected by the Board to serve an additional full term. Trustees are required to go off the Board for 1 year after they have served 2 full terms before they can be reelected. A Trustee is not required to be a member of the church.
- 3. Trustees elect a President and Vice President to serve for 3-year terms, not to exceed 2 full terms in a particular office.
- a. The President is responsible for overall management of the awards process and maintains communication between Clemmons Presbyterian Church and the Presbyterian Foundation.
- b. The Vice President is responsible for assuming the responsibilities of the President in case they are not able to do so.
- 3. Trustees elect a President and Vice President to serve for 3-year terms, not to exceed 2 full terms in a particular office.
- 4. The senior pastor and youth advisor are appointed as an ex-officio members of the Board for three-year terms.
- 5. Clemmons Presbyterian Church provides secretarial and accounting support to the Endowment and Presbyterian Foundation.
Members of the 2024 Board of Trustees are:
- Dave Westlake, Class of 2026, President
- Bobbie Calgaro, Class of 2026, Vice President
- Beth Maclin, Peggy Norris, Class of 2025
- Art Blackwood, Class of 2027
- Marv Dickerson, ex-officio member
- Kaylee Hilston, Youth Advisor, ex-officio member
- Troy Lesher-Thomas, Pastor, ex-officio member
Fiduciary and Administration Accountability Appendix
Fund Growth and Distributions There are two ways to increase funds for the endowment: additional contributions and growth of the principal. At the present time, the foundation invests funds for growth and income where they can support the 4.25% spending formula and keep up with inflation.
Correspondence Quarterly statements are mailed to the chair of the Board of Trustees and the performance of the fund is posted on the Foundation’s website each quarter.
Review and Contingent Beneficiary The Foundation reviews the endowment every 5 years to determine if funds are spent according to the intentions of "The Donors". If the Board of Trustees is not meeting expectations the funds are frozen.
The funds are unfrozen if the Foundation approves plans for positive changes submitted by the Board within a year of notification. If changes suggested by the Board are not approved by the Foundation within a year, the funds are transferred to Salem Presbytery, the Contingent Beneficiary.
If the Clemmons Presbyterian Church or its successors cease to exist, cease to be part of the PCUSA, or cease to be a charitable entity, funds are transferred to the Contingent Beneficiary.
Donations to the Endowment fund are sent to the following address:
Clemmons Presbyterian Youth Endowment
Reference: Fund ID # 102241000002
The Presbyterian Foundation
200 East Twelfth Street,
Jeffersonville, Indiana 47130
I. Maximum yearly award is $3,000 during the Endowment’s interim period. At the time the permanent endowment is established, the yearly maximum award in perpetuity is based on earnings from the endowment’s principal.
II. Student Scholarship and Youth Program Enhancement Applications are due the first Sunday in March.
III. The Board of Trustees presents individual student scholarships and/or awards to the Youth Program the first Sunday of April each year.
Award Selection Process and Announcement
- a. Submit a 750-word maximum essay to describe why you applied for the scholarship and "how Clemmons Presbyterian Church and your Christian Faith impacts your college education and future plans."
- b. Submit grades for last 2 years in school.
- c. Describe, in 300 words or less, your involvement in the Community and Church activities for the past 3 years.
- d. Attend an interview by request of the Board of Trustees.
- a. Submit 750 words or less that describes how an award would enhance the youth Program.
- b. Youth Advisor discusses the proposal with the Board.
- Youth scholarship and program award applications are due to the Board the first Sunday of March and are announced the first Sunday of April each year.
IV. Contributions to the endowment are made to the following:
Clemmons Presbyterian Youth Endowment
Reference: Fund ID # 102241000002
The Presbyterian Foundation
200 East Twelfth Street
Jeffersonville, Indiana 47130