Our MVLCS Endowment has reached a new milestone! We've made our first annual disbursement from earnings.
After just one year of operations, the MVLCS Endowment has a balance of over $50,000 and has produced a disbursement for the 2024 calendar year of $619 as follows:
- $300 for continuing education for one of our elementary school teachers working on her Masters degree
- $319 added to the MVLCS tuition assistance fund
While those amounts aren't very large right now, just imagine what we will be able to do as the endowment grows! Each year the funds in the endowment are invested to grow and produce income. At the end of the calendar year, 75% of the income earned is disbursed to support one of three areas of ministry:
a. Education & Scholarships
b. Building & Campus Improvements
c. Outreach Ministries & Missions
Donations, capital gains, and the other 25% of the annual income stay in the endowment to continue to grow the base (called the corpus) to produce more income for the following years. This is what makes the MVLCS Endowment a true gift for today and tomorrow's generations.
If you'd like to know more about our Endowment Fund, click here!
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