Endowment Checking In

Highlights of Advent’s Endowment History 

From Advent’s establishment in 1882 and throughout Advent’s long history, the generous gifts of many saints created and supported the beautiful church we enjoy today.  Some of the names are known to us but many are not.  Even when the names are memorialized in stained glass windows or on plaques around the church, we know few details about the lives of these saints.  But what we do know is that their gifts mattered—they mattered then and they continue to have an impact today. 

Some of these generous saints made gifts to the endowment.  In 1959, The Hadley Fund was created pursuant to a bequest of $5,000 from Harry C. Hadley.  Today, the Hadley Fund is valued at about $50,000.   

Advent’s endowment really grew in 1993, when Dick and Sheila Sanford established The Sanford Family Endowment Fund for Christian Youth Education with a gift of $1,000,000.  Now valued at about $1,400,000, the fund contributes about $44,000 annually to the budget for youth formation.  It is the reason Advent is able to support youth education so robustly and will continue to do so for generations to come.   

Major gifts to the General Endowment Fund by Frieda McMullen in 2005 and 2006, and by Gus Schroeder in 2012 greatly expanded the General Endowment Fund which is currently valued at about $850,000.  Annual proceeds of about $37,000 from the General Endowment to Advent’s budget are unrestricted which enables the vestry to use the funds as needed.   

Over the years, other saints have contributed to the endowment with smaller gifts that have really added up.  One example is the Peterson Endowment for Leadership established in 2012.  Many individuals contributed gifts to this fund whose balance now stands at $26,000 and supports leadership training and development.  Many other saints have contributed to the Memorial Garden Endowment, currently valued at $27,000, which will continue to generate funds to maintain the beauty of this sacred resting place.   

All of these endowment gifts continue to benefit Advent because every year, 5% of the endowment balance goes to support Advent’s programs, while 95% of it remains invested and continues to grow.  The endowment contributes about 11% to Advent’s annual budget. 

 

Endowing Advent’s Future 

Now that you know a little of the history of Advent’s endowment and understand the impact it has each and every year, you too may feel gratitude for the many saints whose gifts have transformed Advent into the beautiful church we cherish today.  If the idea of giving a gift that will perpetually support Advent’s future appeals to you too, please consider making a gift to the endowment.  There are many ways to do so that are tax-wise including gifting from a required IRA distribution and gifting appreciated stock that you don’t want to pay capital gains on.  Gifts of any amount are gratefully welcomed, appreciated, and most importantly, will have an impact far into Advent’s future.   

 

Faithfully, 

 Kim Hoeschel for the Endowment Committee: Pete Peterson, Ann Dome, Larry Bosley, Penn Yeatman and Stuart Davies; and Collis Townsend, Development Warden 

   

Making Christ Visible

On the Saturday of the Fall Rummage sale, it was dark and pouring rain. People were lined up waiting patiently for our 7:00 AM opening. Some of these people were die hard yard sale shoppers, but there some people who shopped for clothes and items that they needed. One grandfather got his new grandchild the baby things that his daughter couldn’t afford.

Jesus told us that when we feed a hungry man we feed Him. When we clothed a man, we clothed Him. Church of the Advent has had the Rummage Sale for over 50 years. I have worked the Rummage Sale twice a year for 22 of those years. When I do this, it is a part of living my faith. Each time a person who tells me the sale is a lot of work, I want to ask how can living out the words Jesus spoke to us be hard work? I have seen the Bible come to life in meeting the folks who come to the sale.

The next sale is the day before Mother’s Day. If you want to see the words of Jesus come to life, come and work the sale, meet the people and your faith will take on a new dimension.

Tori Robinson

Something to Think About

When you rise in the morning, 

what fills your head? 

Are you thinking of a 

food and drink, 

the pleasures ahead? 

Are you planning 

the work you must do,  

the labor ahead? 

Are you fearful of 

snares and dangers, 

the evils ahead? 

Are you hopeful of  

all you’ll achieve, 

the successes ahead? 

Let all those worldly thoughts 

swirl in your mind; 

Then let them flush away, 

like dirt in a river. 

Empty your head; 

Let your brain be at peace. 

Quietly, calmly, serenely 

Offer the day to God. 

 

-- Robert Van de Weyer. 1998. 

    Celtic Praise, Hunt & Thorpe. 

 

 

As we think about Stewardship,  

let us strive to be  

good stewards of our time.   

Let us be mindful and aware of  

how we use this precious commodity.   

We only have it for an instant. 

Buildings and Grounds

It has now been just over six months that I have served on the Vestry here at Advent, and I have been kept busy with the role of Chair of Buildings and Grounds. Any way you look at it the Advent Campus is the core to our church family, providing space for us to worship, study, teach, provide entertainment together and outreach to the community at large. We are blest to have such an impressive set of buildings in an attractive lot at the gateway to Kennett Square.

The Advent Campus is a fairly big one and to provide a little history the main Sanctuary building was built in 1956, so is 62 years old. I am very sympathetic with this as at 65 years old I am now beginning to yet the aches and pains that accompany aging, so I know what to expect with the Sanctuary building as it develops its own system of aches and pains. The North Wing was built in 1990 as was the Chapel extension to the West side of the Sanctuary, so these wings are now 28 years old, and will be experiencing its own form of growing pains. Finally the South Wing was added in 2004 and is a relatively young 14 years old, but as many youngsters experience subject to accidents that can cause pain and suffering.

Some of you may have noticed that there are several problems developing that will need to be rectified in due course. Some, such as the car park are very noticeable with cracking and alligatoring occurring in the lower car park adjacent to the North and South Wings. Other issues such as cracking and possible water inclusion are found at the back wall of the Church facing the Union Cemetery and therefore mainly un-noticed. The Sanctuary roof is a very stunning slate roof, but if you take a close look you will see that the slates are beginning to delaminate and some have been replaced. As we move forward these and several other components of the Advent Campus will require more and more attention and almost certainly a total replacement at some point.

Typically building owners develop a Capital Reserve program over time to allow for these sort of events to be funded and repaired/replaced as the building and plant age. Unfortunately, the capital reserve fund at Advent has for several reasons fallen behind the expected cost for such repairs and replacements. As prudent managers of the Advent Campus the Vestry now needs to determine what the appropriate Capital Reserve fund should be, and find ways to build it up as quickly as possible.

Clearly we need to ensure that the Advent Campus remains in good order and will be there in good working order for the next several generations of the congregation. Therefore, we recently hired Bustamante Engineers, Inc. to undertake a Property Condition Assessment and determine the expected cost of maintaining the Advent Campus in a good state of repair over the next 15 year period. This work is currently underway and the results will be presented to the congregation at completion of the process.

Other items that are included in the study are what needs to be done to upgrade the efficiency of the Advent Campus. For instance the windows in the Sanctuary were the best design available 62 years ago, but are now not as energy efficient as new designs and cost the operational budget in increased electric and fuel oil charges. New windows over time would pay for themselves with improved energy efficiencies. The heating is currently provided by heat pumps using electric power, and on colder days is supplemented by oil fired boilers in the Sanctuary, and daily during the winter in the pre-school area of

the North Wing. Installing a pipeline access to the natural gas supply and converting from electric and oil heating would save significant operational costs over time. Additionally, changing the kitchen from propane to natural gas would also lead to operational savings over time.

As I said at the opening, the Advent Campus is the core to our church family. We have a responsibility to ensure it is kept in good condition to provide shelter to our church community to worship together for generations to come.

Special Events

Gone are the leisurely days of summer, fall is upon us bringing schedules and activities.

January is typically the beginning of the new year, however, Fall seems to feel like a fresh start. Maybe it’s the beginning of a new school year. The NFL begins its new season and the new Fall television lineup kicks off.

The new season of special events has also kicked off at Advent. I have had the privilege of working on new events and bringing back past events to Advent.

Special events serve many purposes -- some as fundraisers and others as fellowship opportunities. All of our events are open to the community, family and friends. Special events help raise awareness of what the Church of Advent has to offer. This is important as we continue to grow the Advent congregation.

These are some of the events that have happened and those events that are upcoming. This past week we held our Town Hall meeting bringing important topics to the congregation followed by our welcome back picnic. This is always a great time to catch up with friends and welcome new ones. Salt Shaker Dinners were held and were great evenings of food and fellowship. There will be another Salt Shaker Dinner on October 20. Won’t you consider attending one or hosting. We will have two or three more in 2019. The Rummage Sale is October 27; we are always in need of help and donations. We will have a Baptismal Reception on Sunday, November 4. The Artisan Fair is November 9; this is a great time to bring friends and family. The Veterans’ Reception is Sunday, November 11. Wisdom Keepers will be having lunch on Sunday, November 18. This is a great time for the generations to come together. We are the in early stages of organizing a lady’s night out with vendors that cater to women. This brings us to Advent where there will be lots of gatherings to prepare for Christmas.

If anyone has any ideas or suggestions for activities, please feel free to contact me.

Yours In Christ

Mary Nichols

Coming together is a beginning.

Keeping together is progress.

Working together is success.

- Henry Ford