The Covenant Fund is a new way for people to contribute toward the long-term fiscal security of Hickory Neck. In addition to bequests/gifts going to the General, Historic Chapel, Building or other funds, the Covenant Fund will allow gifts to be held as a true endowment with the principal held in perpetuity. The earnings of the Covenant Fund may be used for capital needs, outreach ministries and grants, seed money for new ministries and special one-time projects, and other purposes specifically designated by the donor. A five-member Endowment Board, all of whom shall be members in good standing of Hickory Neck Church will administer the fund. They shall be appointed by the Vestry. Additionally, the Rector and Senior Warden shall be ex-officio members of the Board.
Gifts/Bequests marked "Covenant Fund" or "Endowment Fund" will go to this new fund which will go a long way to insure our future.