Funds and Grants of the Corporation of the Episcopal Diocese of Missouri

WILLIAM CAPEN SHANK AND MARIEE STEPHENS SHANK CHARITABLE TRUST
           A trust fund established by Mr. and Mrs. Shank in the First National Bank of Kansas City, Missouri (now Bank of America).  Five (5) percent of the annual income is payable to the Diocese of Missouri "to be used for any purposes decided upon by the Diocese."  Currently, income is being used in support of the Diocesan Operating Fund.

 

KELTON E. AND ALMA MAYLAND WHITE MEMORIAL TRUST 
         Kelton E. White established a Charitable Remainder Trust with the St. Louis Union Trust, the income from which to be paid to him during his lifetime, and upon his death to his wife, Alma M. White. The terms of the Trust provided that, upon her death (in 1994), the income be paid to the Bishop of the Diocese of Missouri.    
          The income may be used, with the advice and consent of the Standing Committee, to make loans to congregations for use in making capital improvements.  The manner and amount of the loans, whether any interest is to be charged (and if so, how much) and the terms of repayment, are all in the sole and exclusive discretion of the Bishop of Missouri, subject only to the requirement of Standing Committee advice and consent.  This income is permanently restricted and is maintained in the Kelton White Loan Fund. Interest earned on the Kelton White Loan Fund is unrestricted and is currently being used in support of the Diocesan Operating Fund. 
 

JAMES THEODORE WALKER TRUSTS
          Established in 1937 following a diocesan‑wide capital funds campaign to match a gift of $100,000 by an anonymous donor (revealed later as Dr. Malvern Clopton of St. Louis and Clarksville, a close friend of Bishop Scarlett).  The following words appear in the suggested campaign address, 1936:  "He also specified it was to be used for Diocesan Extension and Maintenance.  In other words, if payment on apportionments from the parishes increased, or need for assistance to weaker parishes and missions diminished, to such an extent that this Fund is no longer needed for extension work, the income can then be applied to diocesan maintenance and the assessments on the parishes greatly lowered."   Dr. Clopton deposited his gift with Mercantile Trust Company and provided that that firm be the trustee for the first twenty-five years.  This entire fund is now unrestricted as the twenty-five year requirement has passed.   Income is currently used in support of the Diocesan Operating Fund.
 

UNRESTRICTED FUND
          Represents the accumulation of several unrestricted funds.  Currently, income is being used in support of the Diocesan Operating Fund.
 

CADIGAN FELLOWSHIP FUND
         Established through the Venture in Mission campaign in honor of the Rt. Rev. George L. Cadigan, Eighth Bishop of Missouri, 1959‑1975.  The fund principal is permanently restricted.  Income is used for annual Fellowships to promote community service projects in the Diocese.  The granting guidelines are as follows:

  • Fellows are to work with people
  • Fellows are to work a minimum of eight weeks, a maximum of ten weeks
  • Fellows must be at least 18 years of age
  • Fellows are to live in the community, if possible
  • Fellows are eligible for a second year’s assignment, if it is different from    the first year assignment
  • Fellows will make a written report of their work and learnings on the completion of their fellowship
  • Episcopalians from the Diocese of Missouri will be given preference in receiving fellowship
  • Fellows have the opportunity to meet with the Bishop of Missouri to relate their experience
     

CHURCH ASSISTANCE ENDOWMENT FUND
          Established through the Venture in Mission campaign to assist congregations with maintenance of their buildings.  Administered by COEDMO, grants are awarded annually.    The fund principal is permanently restricted.  The granting guidelines are as follows:

  1. A congregation may apply for a grant, of up to $10,000 to be used for capital improvements and/or repairs.
  2. A congregation may not receive more than two grants over four consecutive years from this fund.
  3. Grants will be awarded based on a completed application.  Such application, among other things will outline the need for the project, its purpose, what sources of funds the congregation will use to ensure funds cover the entire cost of the project, and a future plan for upkeep.
  4. Priority will be given to health, safety and accessibility and these areas should be addressed in the cover letter of the application when appropriate.
  5. Grant recipients must complete the project within eighteen months from the date of award, or forfeit the grant.  A forfeited grant recipient may re-apply the following year. 
  6. Parishes shall submit a progress report nine months after receipt of the grant.
  7. A request for a project that has already received a grant cannot be submitted again.
  8. A request cannot be made for a project that has already been completed.
  9. Money that is not spent will carry over to the next year.
     

AGED & INFIRM CLERGY FUND
          Established in 1870, and derived from offerings and gifts.   The fund principal is temporarily restricted. This Fund is to be used for the relief of Clergy canonically resident in the Diocese disabled by age, disease, or otherwise, and of the surviving spouse and children of Clergy. Per Diocesan Canon, the Trustees of COEDMO shall receive, consider and grant or deny applications for relief.   In addition to considering requests on a case by case basis, COEDMO passed the following Resolution in June 2015:

(I.)   Effective June 6, 2015, qualified retired clergy and their spouses, or surviving spouses, will be eligible to be reimbursed $1,200 per person from the Aged & Infirm Clergy Fund as set forth hereafter:
        (a.) Individuals insured under the Comprehensive Medicare Supplement, the Plus Medicare Supplement or the Premium Medicare Supplement and who have incurred out-of-pocket medical or prescription drug expenses totaling $1,500 per person;
        (b.) Individuals insured through other than a Medical Trust Medicare Supplement plan and have incurred more than $1,500 per person in out-of-pocket premium, medical or prescription drug expenses.

 (II.) The eligibility requirements remain unchanged and are:
        (a.)    Retired clergy and spouses
                (i.)     if said cleric was canonically resident in the Diocese of Missouri at the time of retirement;
                (ii.)    if said cleric was classified by the Church Pension Fund as full time at the time of retirement;
                (iii.)  if said cleric served in the Diocese of Missouri for five years immediately previous to retirement;
                (iv.)   if said cleric is at least sixty-five years of age.
        (b.)   Surviving spouses (if at the time of death the deceased cleric satisfied the aforementioned requirements of retired clergy as outlined under II.a ).
        (c.)   All requests for reimbursement must be received by the Diocesan Financial Officer within ninety (90) days of the end of each medical plan fiscal year [current fiscal year-end is June 30].

 

THEOLOGICAL EDUCATION FUND
        Established in 1876 and derived from offerings and gifts.  This temporarily restricted fund is used to support seminary students.  The granting guidelines for this Fund are as follows:

  • Grants are intended for full-time (9 credit hours) seminary students who are postulants or candidates for holy orders in the Episcopal Diocese of Missouri.
  • Grants are intended for expenses associated with attending seminary.
  • Applicants must demonstrate financial need.
  • Applicants must also demonstrate leadership or potential leadership skills/experience.
  • The deadline for applying is March 1 of each year.
  • The Commission on Ministry annually reviews grant applications and makes recommendations for awards to the Standing Committee which allocates awards for the following academic year.
  • Grants are a minimum of $500 up to a maximum of $1,500.

 

CAMPUS MINISTRY FUND
        Established in 1981 from the proceeds of the sale of the Ecumenical Center, Columbia, Missouri.  This fund is unrestricted.  The Diocese has chosen to designate these funds for the continuance of college work throughout the Diocese.

 

WAJ ENDOWMENT FUND
        This temporarily restricted fund was established in 1992, in honor of the Rt. Rev. William A. Jones’ leadership with the Church in Northern Nigeria, to provide support to St. Francis of Assisi Theological College in Wusasa, Nigeria, and comparable institutions in northern Nigeria.  It was intended that moneys from the Fund would be distributed on a regular basis but, unfortunately, the program was delayed by uncertainties about the local situation in Nigeria.  Instability at the college currently prevents the transfer of those funds.

 

FUTURE MISSION/BUILDING & PROPERTY FUND
        Established in 1980 from the proceeds of the sale of St. Francis Church in St. Louis County, this unrestricted fund is designated for assistance in purchasing land and/or building for new missions.  Additional monies have been added to this fund over the years from the sale of various properties in the Diocese.              

 

FUTURE BISHOP
        An unrestricted fund established to provide for future bishop transitions within the Diocese.

 

NEW WITNESS FUND
        This temporarily restricted fund was established as a result of the generosity of Missouri Episcopalians through pledges to the Making All Things New capital campaign for the support of building, or building up congregations, within the Diocese. 

 

MINISTRIES ON CAMPUS FUND
        This endowment fund was established as a result of the generosity of Missouri Episcopalians through pledges to the Making All Things New capital campaign.  Its purpose is to enhance college work in the Diocese.   The fund principal is permanently restricted.

 

NEW VENTURES IN COMMUNITY MINISTRY FUND
        This endowment fund was established as a result of the generosity of Missouri Episcopalians through pledges to the Making All Things New capital campaign. Its purpose is to challenge congregations to make a difference where they are and to improve the quality of life in and with their communities, to identify pressing social needs and to design strategies to meet those needs.
        Fund grants are meant to be funds to support projects involving new ministries and new visions in the neighborhoods of poverty, in the city, and in small communities and rural areas.  These projects, which may include new aspects of existing programs, as well as entirely new projects, are to be do-able, manageable, replicable and sustainable by congregations.  The New Ventures in Community Ministries Grant Committee established by the Diocesan Council, with the advice and consent of the Bishop and Diocesan Council, shall be responsible for the disposition of the income generated by the endowment fund.   Grant awards will range from a minimum of $2,500 to a maximum of $25,000.

 

DONALDSON
        The Elizabeth L. Donaldson and William R. Donaldson Fund is a permanently restricted fund.  The income of the fund may be used for the benefit of clergy and lay members of the Episcopal Diocese of Missouri and in furtherance of the Diocese’s work in Missouri, including but not limited to employment programs, educational enrichment and tutorial programs, emergency food programs, housing programs, teenage parents programs, and other programs designed to benefit youth, elderly, indigent, and such other beneficiaries of the charity of the Diocese, as may be accorded the privilege thereof under the supervision, rules and regulations of the Diocese.  The income of the Fund may not be used for the day-to-day expenses of the Diocese.

 

LUI FUNDS
        Funds raised to support a number of different initiatives in the Diocese of Lui. The Diocese of Lui is part of the Episcopal Church of South Sudan and Sudan, and was established in 1999. In 2006 the Diocese of Missouri and the Diocese of Lui formed a companion relationship with the signing of a Covenant Agreement.

 

FRANK C. AND MATTIE H. THOMPSON FUND
        Frank C. Thompson, communicant of Emmanuel Church, Webster Groves, died May 17, 1941.  After a number of smaller benefactions, he devised by Will almost his entire estate to Mercantile‑Commerce Bank and Trust Company of St. Louis, as Trustee to establish a perpetual religious and charitable trust to be known as "The Frank C. and Mattie H.  Thompson Memorial Trust."  The income only is to be paid to the Bishop of the Diocese of Missouri for use in the religious and charitable purposes of the Diocese, giving special consideration to missionary work in said Church in said Diocese. In 2007 the proceeds from the sale of the Thompson Center property was added to this fund.

More Info

Contact: Desiree Brattin, Executive Director of Finance and Administration

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