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Foundation Day (or Founders Day)

Each year on the Sunday closest to the consecration of our first Bishop, Archbishop Adler (26 June, 1992) we collect an offering. This offering was originally made to present Archbishop Adler with funds to help him in his ministry, instead he said that the best use of this money was to provide grants and loans to our churches that were building and expanding their churches.

These funds are used to help CEC missions and church build and expand their buildings.

Giving

The Foundation Offering is normally taken up by each Church.  Mail  Check made out to ‘CEC’ 50 Saint Thomas Pl, Malverne, NY 11565.  Offerings can also be made online.  See the button below.

 

Foundation Day Summary

Foundation Day

Each year on the Sunday closest to the consecration of our first Bishop, Archbishop Adler (26 June, 1992) we collect an offering, we ask each person to contribute $10 per person in their family to the Founders Day Fund. This money is then distributed in thirds.

Grants

Grants are provided from 1/3 of the donations recevied.  Funds not used in a given yera are rolled over the the next year

Loans

Loans are provided from 1/3 of the donation received, plus the previous loans that have been paid back.  Loans are provided at 3% simple interest, with an initial 3 year grace period, in which no interest or fees incur. Funds not used in a given year, are rolled over to the next year.

Investment

The investment comes from 1/3 of the donations received.  These funds are invested into and Vanguard S&P index stock fund.  These funds have been accumulating for many years, and at the present no plans to withdrawal or distribute the funds.

Foundation Day Current Summary

Current Funds AvailableGrants AvailableLoans AvailableInvested
as of Nov 2017$ 20,308.35$ 36,140.42$ 281,241.93

Foundation Day History

Funds Raised by Year201220132014201520162017
$ 21,388,83$ 31,390.54$ 27,364.78$ 21,945.07$ 21,620.00$ 21,923.57

Past Grants and Loans

Holy Trinity (PA)

Holy Trinity (PA)

Grants

In 2011 Holy Trinity Received a grant for$17,500.

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Church of the Resurrection, becomes Full Parish Church.

Church of the Resurrection, becomes Full Parish Church.

Grants

In 2014 and 2015, Church of the Resurrection received  two grant for a total of $21,525.31…

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St. Luke Charismatic Episcopal Church

St. Luke Charismatic Episcopal Church

Loans

In 2012 Saint Lukes received a $9,000 loan (Paid back in Full) MANCHESTER, GA –…

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Christ the Redeemer an Inner City Mission

Christ the Redeemer an Inner City Mission

Loans

In 2013 Christ the Redeemer received a $25,000 Loan Palm Sunday at Christ the Redeemer Ministries…

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Christ the Redeemer an Inner City Mission

Christ the Redeemer an Inner City Mission

Grants

In 2013 Christ the Redeemer received a $5,000 Grant Palm Sunday at Christ the Redeemer Ministries…

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Holy Apostles (MD)

Holy Apostles (MD)

Grants

In 2013 Holy Apostles received a $25,000 Grant.

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Holy Apostles (MD)

Holy Apostles (MD)

Loans

In 2013 Holy Apostles received a $25,000 Loan.

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Holy Trinity (PA)

Holy Trinity (PA)

Loans

Holy Trinity Received a loan in 2011 for $17,500 (Now Paid in Full)

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Investment Vehicles

Investment Funds are kept in Vanguard Low-Cost Mutual fund that indexes the S&P.

How to Apply

Please download and complete this form, along with your Bishop Endorsement, and mail to 50 Saint Thomas PL, Malverne, NY 11565

Click Here to Download