All gifts will be placed with professional investment managers to produce long-term income. The managers will be guided by  Policies developed by the Endowment Committee in compliance with the Indiana Uniform Management of Institutional Funds Act. All possible safeguards will be taken.

Net investment earnings will be used to make grants to support ministries.  A portion of the earnings will be retained to offset inflation in order to maintain the original purchasing power of gifts.

Income will be used for purposes that are not a part of HNAZ established programs that are funded through the annual operating budget. Endowment income may be used to provide temporary assistance in starting new, or expanding existing ministries or supporting ministries beyond the normal church annual budget.

It can enable HNAZ to reach new people with the gospel message in new and creative ways.

Each year the Endowment Committee will:

• solicit grant applications  for ministries in the church,
• calculate the amount available for grants using established policies, and
• evaluate requests and determine which will be funded either fully or partially.