The St. Nicholas Endowment Fund is designed to give parishioners a vehicle to donate toward the long-term support of our parish. The Endowment Fund is a managed investment, with a Board of Trustees overseeing the portfolio as well as a professional investment manager to manage investment decisions for the Trustees.
All of the contributions are pooled together into the Endowment Fund. At the end of the year, the fund is evaluated for profitability. If profitable, only 50% of the profit is used for the organizations, ministries, programs, or as designated by donors to the Endowment Fund. The remaining 50% of growth is retained in the fund for continued investment and growth. Since its inception, the St. Nicholas Endowment Fund has distributed over $ 420,000 back to ministries of St. Nicholas Greek Orthodox Church.
Endowment Fund Portfolio Value
In the interest of full accountability and transparency, the Endowment Board of Trustees is publishing the full FY 2017 Endowment Fund Portfolio Statement as provided by our Financial Advisor Mark Corombos, Partner at Plante Moran. Please click here to view the statement
The Board of Trustees for the Saint Nicholas Endowment Fund has instituted a process that instructs organizations of St. Nicholas Greek Orthodox Church to apply for funds to support a program or ministry. This application is completed by the organization supporting the program or ministry, and submitted to the Saint Nicholas Endowment Fund (SNEF) Board of Trustees for review and a final decision. If approved, and funds are available, monies will be distributed for the sole purpose to support the program or ministry defined in this application form. Deadline for the application is October 31st of each year.
Please click here for a copy of the Grant Application Form in PDF format.
Donating to the St. Nicholas Endowment Fund
Consider making a gift in one of the following ways:
- Bequest (Will)
- Matching Gift
- Gift of Cash
- Gift of Securities
- Gift of Life Insurance
- Gift of Real Estate
- Qualified Retirement Plans
- Charitable Gift Annuity
- Deferred Gift Annuity
- Charitable Lead Trust
- Charitable Remainder Trust
|Name||Position||Phone Number||Email Address|
|Stephen Karniotis||Chairperson||(248) 408-2918||GreekSnoopy@Comcast.net|
|Aaron Cloutier||Board of Trustees Member||(586) firstname.lastname@example.org|
|Patrick Crosson||Board of Trustees Member||(586) 665-7201||Proy4992@AOL.com|
|Nick Feles||Board of Trustees Member||(248) 613-1095||NFeles@yahoo.com|
|Dino Kostopoulos||Board of Trustees Member||(248) 321-3620||Dino@Korolaw.com|
|Timo Nicholaou||Board of Trustees Member||(313) 608-1234||Timo@cfminvestments.com|
For further information, please contact Father Stratton or one of the Endowment Fund Board of Trustees
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