Why Church Endowment Programs Should Be Hard To Change
1. The program represents a covenant or agreement between donors past and future and the church. The program details how gifts will be received, managed, and the income distributed. Making changes can violate this covenant.
2. Making changes undermines donor confidence in the stability and future of the program.
3. Making changes can upset plans already made by future donors.
4. Private endowments usually do not contain provisions to make changes.
5. Our program allows a change for catastrophic conditions like fires, floods, and earthquakes.
