A Steward is somebody who has been entrusted with another’s wealth or property; is charged with the responsibility of managing it; and should do so in the owner’s best interests.
Endowment Gifts
Donations to the school are gratefully accepted and are used to meet current needs. But how can you give a gift that is not immediately absorbed into this year’s budget? How can you give a gift that will last for years to come? Endowment gifts provide that opportunity.
How does an Endowment Fund Gift work? An endowment is a permanent gift that is invested for a minimum of ten years. Only the interest earned on that investment is used by the charity each year. Endowment plans can be set up in various ways, depending on the wish of the donor. Rimbey Christian School has partnered with Christian Stewardship Services to administer our Endowment Fund.
Endowment Gift Details. Endowment giving can be arranged in many forms, with the minimum investment being $1,000. Additional contributions to the original principal can be added at any time. All gifts are fully tax deductible, resulting in a tax credit of up to 46%. Charitable Bequests can also be directed to Endowment Funds, thus spreading out your legacy over a number of years, or in perpetuity. Such a gift can be made to support a specific project, for example the music programme in the school, sports programme, etc. A steady income is often what a charity really needs. Christian Stewardship Services (CSS) is a registered charity, so all accumulating income is tax exempt. The donor can specify whether the income from the endowment will be for RCS operating budget or for another special purpose. You, as the donor, can specify whether the investment income will accumulate in the account for a specific period of time before it is regularly paid out, or be paid out from the beginning.
What about the issuer? Your endowment gift will be administered by Christian Stewardship Services (CSS), a charity registered with Canada Revenue Agency under BN# 10692 0309 RR0002. CSS was established in 1976 as a federal non-share corporation. It acts on behalf of some 40 charitable causes and over 100 Christian Schools which are partnering organizations, their donors, and their friends. CSS charges a 1% administration fee on all accounts
Click here to visit the Christian Stewardship Services website to read more about Endowment Funds.
Click here to donate now.
We sincerely appreciate your willingness to invest in the christian education of children attending the Rimbey Christian School. It is our prayer that these children will go forth from RCS equipped with knowledge and discernment based on God's Word, to live lives of service and build relationships, that bring Him honour and glory in our world. Thank you for partnering with us in this endeavour.