How We Invest The MIPC Foundation uses the Presbyterian Church (U.S.A.) Foundation and its related trust company,
New Covenant Trust Company, N.A. to administer its invested assets and charitable life income gifts.
Standing instructions call for the investment manager to use a mix of funds, in accordance with an
established asset allocation. The established asset allocation is periodically reviewed by the
Committee. Income (interest and dividends) is distributed for the following purposes:
Undesignated Fund
To expand and enrich the mission endeavors of the congregation beyond the operational budget, and to further the church's long-range goal of devoting 50% of its disbursements to mission work.
LAMP (Local Area Mission Projects)
LAMP was established in 1991 by Jack and Carol Fisher for local area mission projects as
recommended by the Mission Committee. The purpose is to engage the members of the congregation in local hands-on mission experiences.
Edson and Muriel Coar Children's Fund
Established in 1997 by Muriel Coar in memory of Edson Coar, this fund supports special projects for the Sunday School on a three-year revolving cycle, starting with the high school, then the grammar school and middle school. Distributions have been made annually since March 31, 1999.
Lois and Bruce Peters Fund
Established in 1997 by Bruce and Irene Peters in memory of Bruce's parents, Charles and Lois Peters. Income from this fund is apportioned 75% to the Parker Heights Presbyterian Church, Wapato, WA, and 25% to the MIPC Music Department. Distributions have been made at least semi-annually since September 30, 1998.
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