WHO WE ARE
Thanks to the generosity and foresight of some long-time members, the PHPC Foundation, a rarity among Presbyterian congregations, was formed in the early 90’s. Its founders sought a way to secure the church’s future plans and bold dreams with an invested account that would remain separate from the church’s operating budget. A hedge against unanticipated needs the Foundation’s total resources have grown to more than $10 million. Members who wish to endow a program or leave a legacy bequest can create a directed gift that will be invested through The Texas Presbyterian Foundation.
Every member can be a part of the PHPC Foundation by donating to the Birthday Fund. It’s simple: every year on your birthday, donate in the amount of $1 for every year of your life. 100 percent of Birthday Fund gifts become grants that support the church or its outreach and missions.
Endowed gifts are established to support ministries of the church as specified by individual donors. To be separately named and managed, a gift must be at least $25,000 in size. Donors complete giving directives to define their intent.
Proposed Endowment may be initiated with at least $6,000, and must grow to the $25,000 minimum within three years. Many times, a proposed endowment attracts a number of people with a shared interest. The Pastors’ Cancer Fund, for example, has attracted donors who have been touched by the disease and want to help others deal with its many hardships.
LEAVE A LEGACY
Many members who love the church want a way to continue “tithing” long after they are gone. Some want to specify that their gifts continue to preserve traditions or programs that they have supported throughout their lives. It is relatively simple to leave a bequest to the church by naming PHPC as a beneficiary in your will or trust. You can specify a designated dollar amount or percentage of your estate, or you could create a “remainder beneficiary” designation, which means that only after specific funds have been paid to others will the church be included in the distribution of your funds. Gifts can be in the form of stocks, real estate, oil and gas leases and other assets as well as cash.
The generosity and foresight of a number of our members make it possible for the Preston Hollow Presbyterian Foundation to offer scholarships to students pursuing higher education. Preference is given to incoming college freshmen.
There are a number of awards available, and the criteria for each varies. All require a completed application and an approximately 600 word essay, and some require a completed Abbreviated Statement of Financial Need.
*Any upperclassman applying for a scholarship must have a 2.5 or greater cumulative GPA.
Scholarships fall in two broad categories:
Church Leadership Scholarships
These awards recognize an individual's involvement and leadership in the PHPC Youth Group, as well as in other church activities, and his or her commitment to mission and service through the church and in the community. The amount of each award varies.
Tuesday Morning Men's Breakfast Scholarship - awarded to a member, or child of a member who is enrolled in a full-time degree program at a fully accredited college, university, or other institution of higher learning. Financial need is a primary consideration, and the Abbreviated Statement of Financial Need is required. Renewable if no new eligible freshman.
The Jonathan Roorda Scholarship - awarded to a graduating senior, an undergraduate, or a graduate student who is a top honor student with well-defined goals and who demonstrates the discipline and leadership needed to achieve these goals. In short, the recipient will possess the same hunger and passion for learning and achievement that Jonathan had, the late son of previous PHPC associate pastor Andrea and The Reverend Doctor Erv Roorda. Financial need is not a consideration, but a supplemental essay of 300-400 words is required describing what excites you about learning and what future benefits you see growing from that excitement. Not renewable.
Frances and Luther Ellison Scholarship Fund - multiple awards of at least $1,500/semester to students attending a degree-granting college, who are PHPC members, children of staff, or in specified cases, nonmembers. Trade schools and other specialty courses may qualify in some circumstances. Financial need is a primary consideration, and the Abbreviated Statement of Financial Need is required. Renewals encouraged.
Genesis I Scholarship - awarded to a member, or child of member or staff admitted to a full-time degree program at an accredited four-year college or university. Financial need considered, but not primary. Renewable, but preference given to new freshman.
Genesis II Scholarship - awarded to a member, or child of member or staff admitted to a full-time degree program at an accredited four-year college or university. Financial need considered, but not primary. Renewable, but preference given to new freshman.
Dodds Scholarship - a single award to a freshman member, or child of a member or staff to attend any accredited college or university. Financial need considered but not primary; rather, the emphasis is on grades, service, and leadership. Not renewable.
The Lander Scholarship - awarded to a member, or child of a member or staff who will be a full-time student at TCU. Financial need considered, but not primary. Renewable, but preference given to new freshman.
The Rose Scholarship - awarded to a worthy student attending Yale University, with preference given to member of PHPC or family member of a member of PHPC. Financial need not considered. Renewable, but preference given to new freshman.
The Williams Scholarship - awarded to a member, or child of a member or staff to attend, in order of priority: 1) SMU, 2) a private out-of-state college, or 3) a private in-state college. Financial need considered, but not primary. Renewable, if no new freshman.
Global Studies Scholarship - a renewable award to members or children of members or staff to attend UTD or Lehigh, majoring in global studies, or Austin College in any degree program. Financial need considered, but not primary. Renewable, but preference given to new freshman.
These one-time awards are based not on financial need or extent of church involvement, but on the church's desire to recognize and support its young people as they embark on their new educational ventures. The amount of these awards varies annually.
The Buhl Scholarship - awarded to any undergraduate student, or a graduate student at any PCUSA seminary.
The Drake Scholarship
The Moore Scholarship - awarded to PHPC members and children of members who are undergraduate or graduate students.
The Orr Scholarship - awarded to PHPC members and children of members who are undergraduate or graduate students.
The Royce Scholarship
The General Scholarship Fund - an accumulation of donated funds to be used at the Scholarship Committee's discretion in awarding scholarships to worthy candidates.
GRANT GUIDELINES AND APPLICATION
The Foundation Board of Trustees strives to balance the dual objectives of growing the portfolio value of the Fund while responding to critical program, mission and benevolent needs within the church and the community. Given the limitations on spending, we favor supporting organizations and/or efforts that reflect the mission of the church as a whole. The following guidelines may be helpful to organizations seeking funding.
In any grant cycle we typically prioritize funding requests as follows:
1. Requests coming from inside or supported by the PHPC community
2. Requests originating in the greater Presbyterian community
3. Requests generated by outside community organizations
In general, the Foundation prefers to fund capital investments as opposed to annual operating expenses of any external organization. We will, however, consider grants that allow an organization to develop its infrastructure, expand an existing project in a unique way, or initiate a new program. We do not make grants to other endowment funds.
Historically, Foundation grants have ranged from $3,000 to $25,000. We strive to make grants that will have a measurable and meaningful impact over the long term. In general, Foundation grant commitments are limited to one year. In most cases, Independent community organizations who have received a grant should wait five years before applying again.
Grant applications can be submitted by email to grants . The Foundation Board has adopted a policy that all grant applications should be endorsed by 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 March 1 for consideration by the Foundation Board of Trustees at its May meeting and by September 1 for consideration by the Board at its November meeting. All grants must be approved by the Board.
The PHPC Foundation holds endowed and non-endowed funds with restricted uses that are awarded to support the causes and organizations defined by donors in their giving directives. The Foundation also holds endowed and non-endowed funds with unrestricted uses that are awarded to support PHPC, its missions, and broader community outreach.
Following is a list of grants by the Foundation for fiscal year ending June 30, 2020
Grants and Disbursements from Restricted Endowments
Ann Bond Fund ($10,000) PHPC staff training with Michelle Kinder.
Birthday Fund ($2,600) Balance of funding for fall 2019 Speakers event featuring Michelle Kinder and Larry James
Black Estate Fund ($41,021) Funding for WRR radio ministry.
Choral Internship ($17,551) Funding for high school/college students’ musical education through participation in the PHPC choir.
Jeanette Early Music Fund ($15,170) Funding for the annual Americana concert at PHPC.
Kidwell Pastor’s Benevolent Trust Fund ($16,201) Used by PHPC Pastors for furtherance of the church’s benevolent work.
Malawi Support Fund ($5,700) Grant to Ministry of Hope to provide education and health care in Malawi
Media Support Fund ($33,918) Purchase of media, streaming and audio equipment for the Sanctuary and Founders Hall
New Initiatives Fund ($42,500) Video production produced by the Richards Group to showcase the mission and goals of the Forest Park theater redevelopment
Wilcox Trust Fund ($20,315) Funding for Springhill Retreat Center and other ministries.
Miller- Hughes Fund ($15,296) Support for Austin Activators, a student-led Austin College campus ministry (amount includes two years of funding.)
Monie Pastoral Residency Fund ($75,000) Funding for the PHPC Monie Pastoral Resident position
Scholarship Funds Awarded ($83,507) Tuition scholarships to college, seminary and Preston Hollow Presbyterian School students.
Grants and Disbursements from Unrestricted Funds
MoRanch ($25,000) Contribution to capital campaign to expand the Upper Youth Plaza
UKirk SMU ($17,930) Seed funding for SMU campus ministry founded by Rev. Jessie Light-Wells
Presbyterian Pan American School ($15,000) Purchase of thirty iPads to enhance study and technology skills for incoming freshmen
Solar Under the Sun, a ministry of the Synod of the Sun ($5,000) Funding for a pilot project to train volunteers in the construction of solar power installations in rural areas
Race Still Matters ($9,800) Supplemental funding for Racial Justice Pilgrimage led by Reverend Sarah Johnson and Pastor Michael Waters
Summer Jam Camp ($15,075) Purchase of Orff musical instruments for use in the Summer Jam Camp and children’s ministry.