Endowments

The Church Periodical Club is the recipient of several endowments.  These endowments allow The Church Periodical Club to continue to function as a non-profit source for books, magazines, tapes, videos and computer programs free to those who cannot otherwise obtain them.

  • The ENDOWMENT FUND was created as a memorial to the founder of  the Church Periodical Club, Mary Ann Fargo, by her husband.  Over the years additional bequests and gifts have been added to the principle.  Interest from the principle of this small fund is used for national administrative expenses.
  • The MARY E. THOMAS FUND was created as a memorial to one of CPC’s early workers.  The income from this fund is added to the National Books Fund and is designated for the purchase of books to be used in the mission field.
  • The Miles of Pennies ENDOWMENT FUND was established at the Triennial Meeting in Denver in 2000.  This fund is invested to provide income for children’s book needs.


Other Funds

The national ADMINISTRATIVE FUND is  made up of voluntary contributions.  These contributions come from bishops, priests, lay people, ECW Boards and other dedicated friends throughout the Church.  All monies received in the office that are not otherwise designated go into the Administrative Fund which is used to operate the ministry, everything from buying stamps to paying the salary of the part-time office administrator. 

New gifts can be made at any time and in any amount to any of these funds.  They may be memorials, thanksgivings or whatever designation the donor wishes.  More information is available at the national office.