The Holy Michael Foundation is a non-profit corporation established for the sole purpose of supporting the ministry and mission of St. Michael’s. The Foundation is governed by a board of directors, including the Rector and lay members directly appointed by the Vestry.
ABOUT THE FOUNDATION
Established in part with a bequest from the estate of the late Robert S. Slaughter, a St. Michael’s parishioner, the Foundation’s goal is to increase and sustain sufficient capital to create a stream of investment income for the long-term benefit of the parish. The board may distribute grants annually not to exceed 4.5% of the average balance of the assets, provided the average is $1 million or more.
Grants may be used for special programs, initiatives and ministries of the parish or improvements of the Church’s physical assets. To learn more about the Holy Michael Foundation, contact Catherine Fain, Director of Development.
2020
The Holy Michael Foundation awarded its first grants in 2020.
$20,000 – The Women’s Center of Raleigh
$12,500 – The Green Chair Project
$5,000 – StepUp Ministry
$5,000 – St. Michael’s Refugee Ministry
2021
In 2021, the foundation awarded $50,000 to King’s Ridge, a new housing community for Raleigh’s homeless population. St. Michael’s was the first church to support this initiative. Ground has been broken! Read more about King’s Ridge in the Winter 2022 issue of Archangel.
2022
In 2022, foundation grants supported health care initiatives for two organizations critical to helping employed, under-insured individuals and families in our area.
$26,500 — Alliance Medical Ministry
$26,500 — FIGS (Fill in the Gaps)
2023
In 2023, the Holy Michael Foundation split its grant-making between two very distinct but impactful efforts: one grant was given to the Diocese campaign to raise funds to build a new church home for the parishioners of St. Michael and All Angels of Charlotte; a second was given to Southlight Healthcare, a trusted provider of quality service for substance use and mental health treatment needs in the Triangle.
$10,000 — Southlight Healthcare
$40,000 — St. Michael and All Angels Charlotte
2024
In 2024, the Foundation again split its grant-making between two local organizations doing important work, on very different fronts, in our community. A grant was made to Friends of Oberlin Village, an organization formed to protect the legacy of Oberlin Village, an African American reconstruction settlement established in 1866 in Raleigh, and its’ enterprising citizens. This grant was made to help fund an ambitious project to code the framework for an online, interactive gravesite register of the historic Oberlin Cemetery. A second grant was made to Now Serving, an organization which pairs restaurants, caterers, and commercial kitchens with Community Agencies to deliver healthy meals to neighbors in need. The funds from this grant will go towards supporting the kitchens providing meals to their partner agencies.
$15,000 — Friends of Oberlin Village
$40,000 — Now Serving
GIVING TO THE HOLY MICHAEL FOUNDATION
PLANNED GIVING
Leaving a Legacy
Often, people who have been supporting ministries throughout their lives want that support to continue after death. Naming the Holy Michael Foundation in your will or other planned gift benefits St. Michael’s and the community in perpetuity.
BEQUESTS
Including the Holy Michael Foundation in your will is the easiest way to make a lasting difference to your parish. If you currently have a will, please ask your attorney to prepare a simple codicil stating your wishes to bequeath a portion of your estate to the Holy Michael Foundation. Bequests can be designated as a specific amount or a percentage, or can be a gift of cash, securities, real estate or tangible personal property. If you do not have a will, we encourage you to consult with an attorney to have one prepared. Every adult needs a will.
RETIREMENT PLAN ASSETS
Retirement funds are an attractive, yet often overlooked, option for planned giving, as they may offer tax advantages. To make a charitable gift of retirement assets, you would need to complete a new beneficiary designation form naming the Holy Michael Foundation as a percentage beneficiary. You may also be eligible to make qualified contributions directly from your IRA.
LIFE INSURANCE
You may use one or more of your whole life insurance policies as a gift to the Holy Michael Foundation. This can be accomplished by naming the Holy Michael Foundation as a full or percentage beneficiary, or by transferring policy ownership to the Holy Michael Foundation. As with retirement assets, arranging for this can be as simple as completing a new beneficiary designation form.
OTHER FORMS OF GIVING
In addition to planned giving, you can make a gift now to the Holy Michael Foundation. Below are just a few of the ways you can make a difference immediately.
Cash — Simply make a check payable to the Holy Michael Foundation.
Appreciated Securities — Transfer stock to the Holy Michael Foundation.
Real Estate or Personal Property — Donate real estate or tangible personal assets to the Holy Michael Foundation.
THE OMEGA FILE
The Holy Michael Foundation has created a document called The Omega File to help you with planning your memorial service and to provide information to family members about where your important documents are kept.
THE HOLY MICHAEL FOUNDATION BOARD
President: Martha Crampton
Vice President: Charlotte Griffin
Secretary: Rick Rountree
Treasurer: Hunt Choi
Members: Julia Bethune, Brian Bickley, Hunt Choi, Martha Crampton, Charlotte Griffin, Chris Mann, John Merritt, Miguel Narbona, Janet Patterson, Rick Rountree, Steve Rolander, Karen Ryden; Catherine Fain, director of development, and the Rev. Samuel Gregory Jones, rector
GIVE NOW
Please consider a planned gift to the Holy Michael Foundation, or make a gift online now.
