Church Periodical Club: 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 National Books Fund is the older of the two funds within the Church Periodical Club. NBF has limited itself primarily to books and related materials for adults since the advent of the Miles of Pennies Fund. Grant requests come from schools, libraries, individuals, agencies and parishes throughout the Anglican Communion.  Funds to cover the requests are donated by individuals, parishes, dioceses and provinces. Receipts from ingatherings conducted in parishes on CPC Sundays are designated for NBF as are returns from an NBF endowment fund. Friends of CPC are encouraged to contribute regularly to the fund or to sponsor specific requests for books.
• 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 Fund was established at the Triennial Meeting in Denver in 2000.  This fund is invested to provide income for children’s book needs.

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 Fund was established at the Triennial Meeting in Denver in 2000.  This fund is invested to provide income for children’s book needs.

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. 

The General Fund holds all money not designated for another fund.

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.