For years, Anna Joy added money she earned by babysitting to the college fund her parents established with the Cornerstone Fund. The competitive rate of return on her investments — and the advantage she received from reinvesting her interest income — helped her savings grow. Now a graduate of Kent State, Anna Joy used her savings for a language immersion course and travel to Germany, where she’s working on an advanced degree.
The Illinois South Conference invests part of its endowment in the Cornerstone Fund, and appreciates the steady source of income offered by this more predictable investment. The Conference uses its interest income to develop new opportunities in ministry — like reaching out to Hispanic people who are new to the metro St. Louis area.
A small church, First Congregational of Birmingham, Alabama, values the careful management of the Cornerstone Fund, where the congregation’s endowment funds are invested. Trustees chose to move the church’s certificates of deposit from a local bank to the Cornerstone Fund for two reasons: the attractive rates of return, and the opportunity to help other churches restore and expand.