The HTLC Foundation is an endowment fund or a type of perpetual fund. Endowments generally begin with one or more large gifts; often funds left as part of an estate settlement are directed to the Foundation.
The “principle” amount provided by gifts to the Foundation is not spent; it generates revenue (invested income) that can be used to support requests for projects or activities approved by the Foundation Board.
Note: Foundation funds are not used to finance the annual operating expenses of the congregation.
Congregation members with outreach ministries, community service projects or spiritual growth activities may request funds from the Foundation by completing this application online or by filling out a paper version available at the church office.