333 NW 35th Street
Corvallis, OR 97330
Tel: 541-757-6647
Fax: 541-757-1537
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Good Samaritan Foundation

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The Foundation

What’s up at the Foundation?


The Foundation board has worked hard to develop and adopt a new distribution strategy for the funds entrusted to our care. With this new strategy, we are able to make quarterly distributions to the church and
to the Good Samaritan School using a 13-quarter rolling average fund value. So far in 2011, the Foundation has contributed $5,428.31 to our church and $247.83 to Good Samaritan School. These funds can be used as needed by the vestry and the school, as long as the original donor wishes are honored.

Also in 2011, we received the final distribution for the Elinor Field Trust and a new donation of $11,439 from another member of our parish family. Look around the next time you walk through the courtyard and breezeway into the church. Take the time to “Smell the Flowers” and enjoy the beautiful hanging baskets and courtyard flowers provided by your Foundation in thanksgiving of our Good Samaritan Church family.

We offer our sincere thanks to all of our generous donors for making it possible for the Foundation to share in the vision of the church, and to help meet the needs of today and the dreams for tomorrow.

—Robin Powel

The Foundation seeks to build an endowment and manage it under the guidelines of the donors. The Foundation is a tax-exempt charitable organization recognized by the IRS and regulated by federal law. The Church of the Good Samaritan, Corvallis, Oregon Foundation, Inc. is a non-profit corporation of the designation 50I(c)(3). All contributions to the Foundation are tax deductible.

Why have a separate Foundation? The Foundation is an asset management tool. It may retain or sell stock, for example, or manage real estate. The church is organized to minister to the parishioners and the community. The Foundation is specifically organized to accept donations for capital improvements and outreach activities of our church, and to manage these donations in the best way possible.

Who manages the Foundation? The Foundation is managed by seven trustees elected by the congregation. Trustees are elected for a term of three years. Officers are elected annually by the Foundation Board of Trustees. Ex-officio and non-voting members of the Board are the Senior Warden, Junior Warden, and the Rector. The Foundation Board of trustees reports its activity quarterly to the Vestry and to the entire Parish at the Annual meeting.

How can I contribute to the Foundation? Any Foundation member would welcome the opportunity to discuss the types of gifts and methods of giving that will best meet the donor's objectives. Options include: bequests, life insurance, life-income arrangements, contributions payable over time, cash, stocks and bonds or real property. Donations or bequests to the Foundation should be made to: The Church of the Good Samaritan, Corvallis, Oregon Foundation, Inc.

How are grants awarded by the Foundation? Those seeking grants for outreach or capital improvement may contact any Foundation member for application procedures and grant guidelines. The Board of trustees reviews the requests and approves or disapproves grants.

What is managed by the church and what is managed by the Foundation? The Foundation does not seek or receive gifts for day-to-day operation of the church. Those remain under the control of the vestry. The phone bill, the rector's salary, and the service bulletins are examples of day-to-day operating expenses. The Foundation focuses on long-term goals. There are several ways to make gifts, each operated in the manner specified by the donor. Some are endowments whose principal is not spent, but the interest earned in perpetuity is available for expenditure. For example, some gifts have been designated specifically for the choir, Sunday school, the stained glass windows, or for altar guild use. Other funds have been set up whose principal can be spent for capital improvements or special projects; or have been created to benefit areas such as pipe organ maintenance or the music program.

To contact the Foundation contact the church at Church Email or call the church at 541-768-5084