The National Books Fund is made up of donations received from individuals, parishes, dioceses and
provinces and from collections on Church Periodical Club Sunday. All Church Periodical Club organizations
are encouraged to make regular contributions and to sponsor specific requests. The National Books Fund
Committee determines the allocations of the funds not earmarked specifically for designated requests.
There is a National Books Fund Endowment Fund, the income from which is transferred into the account to
grant requests when needed.
The Miles of Pennies Fund was established in 1988 as a celebration of the
Church Periodical Club's 100th year. It has been very successful in providing books, workbooks,
training manuals, audio-visual materials, and computer software for children from kindergarten through high
school. A Mile of Pennies ($844.80) is the maximum amount that may be allocated for a grant each year.
Separate applications may be awarded for only two consecutive years. The applicant must be affiliated with
the Anglican Communion, present a description of the program, or project chosen, and its relationship to the
church or community, including the approximate number and ages of the children involved. Applications may be
obtained from the parish Church Periodical Club representative, the diocesan director, or from the Church
Periodical Club national office in New York City.
The Administrative Fund receives annual voluntary contributions from bishops, ECW's and other dedicated
people. It is given to benefit the operating expenses of the national office.
The Endowment Fund was created as a memorial to the founder of The Church Periodical Club, Mary Ann Fargo,
by her husband, Mortimer Fargo. Over the years additional bequests and gifts have been added to the principal.
The interest is used for national administrative expenses.
The Book of Remembrance was founded by Julia Godsey, Janice Cook and Eleanor Smith to honor persons living
or dead. On receiving a contribution so designated, the name is inscribed for posterity and the contribution
is placed into the Endowment Fund.
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 General Fund holds all money not specifically designated. Depending on its availability, it can be used
for administration or for grants as needed.