Endowment Fund

Qualifications for Mission Legacy Fund and Maultsby Fund 

Readers are referred to Article V of the Fund's Articles of Organization. With respect to Mission Legacy Fund and Maultsby Fund proceeds, the following requirements are in effect: 

• The recipient's mission/purpose shall be consistent with the mission of the Raleigh Court Presbyterian Church. 

• The recipient's organization shall be structured in such a way to ensure good accountability and follow-up as to how donated funds are utilized. 

• Disbursements generally may not be used to fund a recipient's operating budget except for short-term commitments to help seed new programs or to significantly expand the scope of an existing program. 

• Generally, supported programs should be “outside the church walls”, the primary consideration being the needs, purpose and potential good of the beneficiary (i.e. Funds should not be used for the personal benefit of RCPC members or their families). 

• Disbursements during the Expenditure Period may not be used to supplement or replace recipients/items in the Missions and Benevolence category of the church's annual operating budget. 

• Cumulative contributions to one recipient shall generally not exceed 25% of the Fund’s allocation in any one year. 

• Accountability shall be a requirement of all approved Endowment Fund requests. The recipient shall provide a written follow-up report to the Endowment Board at the end of one year from date of disbursement (or at the Board’s discretion), reflecting how the funds were used and what impact the contribution has had on the endeavors and success of the project.

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If you wish to apply for endowment funds, please contact Julie Satterwhite at julie@rcpres.org to request an application form.