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The Foundation and Legacy Gifts

The Foundation supports the church through legacy funds from estates, wills, and individual donors given to St. Martin’s. The funds are then invested in the Episcopal Church Foundation and professionally managed by State Street Global Advisors. The endowment managers use a conservative 70/30 equities to fixed income approach as requested by St. Martin's by the Lake Foundation. Each year, the Foundation gives 5% of the endowment investment return for the annual operating budget. The Vestry determines how those funds are best used as operating capital.