What is the Holy Trinity Greek Orthodox Foundation?
In the early 1950s, our forefathers founded The Holy Trinity Greek Orthodox Church in Charlotte, NC. One of our roles as Orthodox Christians is to keep our church functioning as a part of our daily lives and to preserve it as an integral part of our heritage and spiritual foundation. With this in mind, the Holy Trinity Greek Orthodox Foundation of Charlotte was incorporated in 1973 to generate income from invested funds that are derived from donations through an endowment.
The purpose of the Foundation is to encourage charity and charitable giving and is dedicated to supporting religious, humanitarian, and educational initiatives benefiting Orthodox Christian and Hellenic communities. The Foundation hopes that its philanthropic efforts will help to strengthen these communities.
Foremost among the many valid personal reasons for supporting the Foundation is that your gift enables you to help our Parish and other religious, educational and charitable endeavors for generations to come. The Foundation supports a wide variety of causes, including the care of indigent, sick, poor and aged persons, and the advancement of education.
What is an endowment?
The Holy Trinity Greek Orthodox Foundation of Charlotte was established in 1973 as a 501 (c) (3) charitable organization to establish a permanent fund to which tax-deductible gifts could be made. The principal of this fund is held and invested, and only the income and profits can be expended for religious, education, and charitable endeavors.
The Foundation is not directly associated with the Holy Trinity Greek Orthodox Cathedral of Charlotte, but is an independent organization whose charter is to manage, administer, and donate funds.
The Foundation uses the strict definition of endowment: a permanent fund, the principal of which is never touched, but the earnings of which can be used in accordance with the terms of the trust policies which established the Foundation.
All contributors and gifts are maintained forever and invested - no part of the principal may be distributed. Distributions are for medical, religious, education, and charitable causes.
The assets of the Foundation grow through sound investment policies and from additional gifts, bequests, memorials and contributions.
Tax laws and forms of donations change over time. The Foundation advises you to make sure you consult with a professional who is up to date on the latest regulations and that you fully understand the tax effects of your donation. If you need assistance, or have any questions, please contact a member of the Foundation's Board of Trustees, or call the Holy Trinity Greek Orthodox Cathedral at 704-334-4771.