First Presbyterian Church Foundation

Blog

For the most up to date information about the First Presbyterian Church Foundation, please visit our blog, which is available at:
foundation.firstpreswaco.org/blog/

History

The First Presbyterian Church Foundation was created through the efforts of Walter G. Lacy, Jr., who called together those who served as the first trustees. These members of our church saw a need and an opportunity to provide for a long-term investment fund which could accept gifts and bequests and build a capital fund the income from which could be available to serve the church’s purposes over the generations. Mr. Lacy also was responsible for the creation of the charitable trust adopted by the congregation of the First Presbyterian Church of Waco on May 1, 1966 (At this writing the Foundation has been in existence over 40 years). The Trust was later approved by the Internal Revenue Service as a tax-free entity. The initial trustees were:

Reverend Roy T. Sherrod, the minister;
T. W. Williams, the chairman of the Board of Deacons;
Walter G. Lacy, Jr.;
R. D. Pattillo;
Franklin Smith;
Goodhue Smith, Jr.

Through the years, the Foundation has received significant gifts from J. S. Edmundson in 1980, G. E. Armstrong in 1964, Vandiver Brown in 1996, Scott Granowski in 2001, Jane Beville and Marjorie and Roane Lacy in 2006 and several others.

Today the Foundation has assets in excess of $1,850,000, held and managed in a disciplined, prudent, and professional manner.

The Foundation Parlor

In May 1997, the Session reviewed the activities of the Foundation and noted its financial support of the Church through the years. Because these funds have been and are so helpful to the Church and in recognition of the significance of the Foundation to the Church, the Session named the new parlor the “Foundation Parlor.”

The Plaque

The Foundation, with the approval of the Session, has installed a donors’ plaque in the Foundation Parlor. Wood from the old church chancel was removed and saved in 1991 when the church’s remodeling program began. Some of this wood has been used in the construction of the donors’ plaque.

The plaque recognizes those who have made gifts as well as those who plan future gifts through their wills and estates.

Trust Indenture

First Presbyterian Church Foundation Trust Indenture

Codicil Packet

If you have been considering making a gift to the First Presbyterian Church or the First Presbyterian Church Foundation effective at your death, but already have an existing will, a simple way to include a gift to the Church or the Foundation is to execute a codicil to your existing will. This Codicil packet will help you with that process.

The publication linked below requires the free Adobe Acrobat Reader (Version 6 or higher) to view. It can be downloaded here.

Codicil Packet