Bridgeton Fund Grant Application 2024
Explanatory Notes
The Bridgeton Christian Church Fund is an endowment created by the former Bridgeton Christian Church when it closed in 1995. The fund is invested with the Christian Church Foundation. No more than 5% of the previous year-end's closing balance in the fund may be awarded in any year in order to keep the fund in perpetuity. Purpose of the fund, as stipulated by the congregation, is three-fold:
- To meet monetary shortfalls due to unexpected strife in a church;
- To help a church underwrite "revitalization/renewal" of its congregation;
- To help meet property/structural damage caused by an act of God or other circumstances and not caused by neglect.
Guidelines stipulate that the Fund shall be used to meet a church's temporary financial need, as long as the need was not created by "overextension of a budget or repetitive under-funding of a budget by the congregation". See fund policy.
Any Mid-America congregation may apply for a 2024 grant. The committee will review applications to determine whether they meet the fund's requirements.
The committee will meet in late January to determine whether the year-ending balance in the fund warrants grants without jeopardizing the growth of the fund as stipulated by the donors.