Endowment funds help provide a base for congregational needs. Each fund gives a percentage of its assets to CBT each year, thereby providing a stream of income to meet a particular need. All of our endowment funds can be funded with gifts during one’s lifetime (cash, appreciated securities, retirement accounts, etc.), or with a gift in one’s will or estate plans. To donate to any of these funds, please talk with either the Endowment or Funds Development chair. The CBT office at 856-983-8090 can help connect you to these people.
At this time, CBT has three endowment funds that help support the congregation:
- Beacon Fund for Dues Scholarships provides help to reduce the dues obligation of families needing financial help.
- CBT Repair and Replace Fund provides an annual distribution to help cover the cost of routine maintenance, repair, and replacement of the costs of our building.
- Life and Legacy Endowment Fund’s distribution supplements the general fund of the congregation.