Second Presbyterian Church Foundation

Our Funds

Undesignated Fund

When the Foundation receives a gift from a donor who does not specify how it may be used, it is added to the undesignated fund. This is the permanent endowment fund that is the depository for any wills and bequests that do not have specific designations. The major strategic grants come from the earnings of this fund.

Designated Funds

When a donor does specify an intended use for a gift it is considered a designated fund. Specific funds that are available to receive such gifts are as follows.

World Missions Fund
This fund holds gifts that do not have specific designations other than for 2PC approved strategic ministries around the world.

Gillespie Internship Fund
The income from this fund is used to pay the salary of pastoral interns during their internship at Second Presbyterian Church.

Student Loan Fund
Earnings fund conditional scholarship grants for approved 2PC members to attend seminary and obtain a Masters of Divinity degree.

Clay Scholarship Fund
This fund assists members of Second Presbyterian Church and the ministerial staff with tuition assistance for their sons to attend Presbyterian Day School.

Youth Intern Fund
Earnings from this fund are used for compensation for interns being trained for Youth Ministry.

Christian Psychological Center Endowment
Earnings are to be used as a supplement to funds available for research and new program development as well as to pay for consultation services for those who need counseling but cannot pay the fee.

Bee Wallis Memorial Library Fund
Earnings from this fund are to be used for the benefit of the Second Presbyterian Church Library.

Expendable Funds

When a donor requests the gift and all its earnings be spent over a specified time frame (generally less than five years), the gift will be considered an expendable fund.

Memphis Inner-City Missions
This fund and its earnings are used to establish inner-city missions in Memphis.

Donor Advised Funds

When a donor gives assets to the Foundation and also serves as an advisor who recommends the grants to be distributed to Session-approved ministries, a donor advised fund is created. For further information on how to establish a donor advised fund please contact the Foundation office.

The following is a list of some of the agencies Foundation donors have directed their funds:

  • African Bible College
  • Christian Fellowship
  • Church Health Center
  • Community Health Services
  • Development Associates - Abraham
  • Emmanuel Episcopal Center
  • EPC - World Outreach
  • French Camp Academy
  • Greater European Mission - Kuhn
  • JIFF
  • MCUTS
  • Memphis Food Bank
  • Navigators
  • Neighborhood Christian Center
  • Neighborhood School
  • Presbyterian Day School
  • Reformed University Fellowship
  • Salvation Army
  • Second Presbyterian Church - WOC
  • Second Presbyterian Church
  • Second Presbyterian Church - Chapel Class
  • Second Presbyterian Church - Katrina Relief
  • Second Presbyterian Church - MUSA - Prison Project
  • Second Presbyterian Church - NEXUS
  • Second Presbyterian Church - Ukraine Choir Trip
  • Second Presbyterian Church - World Missions
  • Second Presbyterian Church Foundation
  • Streets Ministry
  • Sudan Interior Mission
  • Young Life - Collierville
  • Young Life - Metro

Memorials

A memorial gift is a thoughtful way to ensure a lasting remembrance of a dear friend, spouse, or relative and to further Christ’s work.

Other Funds

Examples of other funds that have been established over the years:

  • Sharpe Music Fund
  • Home Mission Fund
  • The Berl Olswanger Music Scholarship Fund
  • Donna Kyle Trust Fund
  • Chauncey Johnson Family Camp Scholarship Fund
  • Wetter Mission Fund
  • Karen Barden Fund
  • Varsen Fund
  • World Mission & Neighborhood School Reserve
  • John Owen Recreation Scholarship Fund
  • Ukraine Missions Fund
  • World Missions/2PC Programs
  • Church Plant Reserve Fund
  • Ministry Projects