It’s safe to say that most churches don’t have foundations, at least not the financial kind. Preston Hollow Presbyterian Church is one of the fortunate few, thanks to the generosity and foresight of a handful of long-time members who made the first gifts to establish the Foundation in 1991. The total resources of the Foundation, including gifts to the Foundation and gifts to the church managed by the Foundation, have grown to over $10 million.
The PHPC Foundation turns today’s gifts into legacies for the future. Each of our gifts serves the church in ways that reflect the values and passions of donors and their families and the unique spirit of Preston Hollow Presbyterian Church.
Endowed gifts are established to support ministries of the church as specified by individual donors. Funds from the Foundation are not used to support the operating budget of the church.
In the early 1990s, some farsighted members of PHPC saw an opportunity to secure the church’s future plans and bold dreams with an invested account that would remain separate from the operating budget.
The PHPC Foundation is governed by an elected board of trustees who serve three year terms. The board meets at least five times each year.
The Foundation receives funds from gifts, wills and other permanent instruments. Our long-term financial goal is to grow the principal of our endowed funds while making grants in a manner that will preserve the principal. Texas Presbyterian Foundation is the investment manager for most of our funds.
PHPC Foundation endowments must be at least $25,000 in size to be separately managed. Donors complete giving directives to define their intent.
A “Proposed Endowment” may be initiated with at least $6,000, after which donors have a 3-year time frame to reach the minimum size. These endowments tend to be built by a number of people with a shared interest. Recent examples now building:
- Global Studies at UTD
- Pastors’ Cancer Fund
Each member is invited to donate yearly to the Birthday Fund with $1 for every year being celebrated. 100% of Birthday Fund gifts become grants to support the church or its outreach and missions.
One of the most significant grants in recent years went to renovate the Children’s Sunday School and gathering spaces in the Education wing of the church. A Foundation grant also funded the upgrade of the audio/visual systems in Founders Hall for the Worship at Five service. Looking outward, our church joined other faith communities in helping build the Cottages at Hickory Crossing, transitional housing built for the special needs of the chronically homeless.
We have 14 endowed scholarships for college students and seminarians. Some are school specific, some are need based, but others are open to all. Once yearly in the spring, the Foundation grants funds to roughly 21 PHPC members heading off to school.
The PHPC Foundation holds endowed and non-endowed funds that have amounts available for grants to support the work of the church outside of its normal operating budget. Following is a list of grants by the Foundation:
Grants Awarded from Unrestricted Funds for Fiscal Year 2016/2017
Baylor Scott & White Hospital Clinical Pastoral Education
Provides support for the educational requirements of staff to more effectively communicate with patients and families.
Pan American Schreiner Agreement ($5,000)
Scholarship for Pan American student to attend Schreiner University
Presbyterian Children’s Homes And Services ($14,000)
Funding to lease 2 passenger vans for one year
Faith and Grief Ministries ($10,000)
Tree at Thanksgiving Square in support of July 7 police shootings
Camp Gilmont ($4,600)
Tabernacle Renovation Project
PHPC Handbells, stoles for pastors and pulpit paraments
Upgrade of Audio Visual Equipment in Founders Hall
U Kirk ($4,000)
Conference transportation for college students
College, Seminary and PHPS Scholarships ($55,014)
Endowments disbursements for specific purposes for Fiscal Year 2016/2017
Black Estate ($36,000)
Supports WRR radio ministry
Ann Bond Fund ($1,015)
Provides counseling for individuals experiencing anxiety and depression
Choral Scholar Grant ($25,000)
Supports high school/college students as part of the PHPC choir
Early Music Grant ($14,600)
Supports Music Department of PHPC
Kidwell Estate ($8,000)
Supports Pastors Fund
Fred & Barbara Meyer Fund ($25,000)
Supports Preston Hollow Presbyterian Church
Malawi Fund ($5,100)
Supports Ministry of Hope
Wilcox Trust ($18,000)
Support of Springhill Retreat Center and other ministries
Visiting Conductor Fund ($4,234)
How to Apply
Please submit grant applications by mail to Trey Angel, Church Financial Officer, 9800 Preston Road, Dallas, TX 75230, or by email to
. The Foundation Board has adopted a policy that all grant applications should be generated through one of PHPC’s five Councils (Community Outreach, Worship, Discipleship, Evangelism and Membership, and Administration) or the Diaconate. Your application will be routed to the appropriate Council or the Diaconate and, if recommended by the Council or Diaconate, to the Chair of the Grants Committee of the Foundation. Applications must be submitted to the Grants Committee Chair by April 1 for consideration by the Foundation Board of Trustees at its May meeting and by October 1 for consideration by the Board at its November meeting. All grants must be approved by the Board.
If you have a question about submitting a grant application, please contact Trey Angel, PHPC Church Financial Officer, at or 214-368-6348, ext. 139.