Centennial Endowment Fund
The ECP Centennial Endowment Fund [CEF] was set up in 2001 as a major capital funding mechanism for Church self-support. It was designed to be held in trust as an endowment, with only 75% of its annual investment or interest income being withdrawn and used for budgetary purposes.
On 9th September 2004, the Executive Council approved the division of the CEF among the dioceses in order to bring self-reliance down to the diocesan level. This was done through a matching arrangement where every peso raised by a diocese for the CEF is matched by the same amount from CEF’s then existing funds. The division through the matching arrangement provided a fresh impetus in the over-all sustainability thrust as each diocese actually exercised ownership and control over their respective shares in the CEF and has a direct interest and stake in its growth.
|Episcopal Church in the Philippines, Inc.|
|Schedule of Centennial Endowment Fund|
|As of December 31, 2017|
|COMMON FUND||COLLECTION||MATCHING||INCOME||PARISH ENTITLEMENT||ADDITION AFTER MATCHING||TOTAL|