The Trinity Capital Foundation Trust (“the Trust”) has been established to grow a capital account to ensure the ongoing development, growth and ministry of Trinity Methodist Church, Linden, in the years to come.
TRINITY AS A CHURCH
Trinity was started in the early 1950s, and soon grew into the large, loving and vibrant Church we have today.
THE TRINITY CAPITAL FOUNDATION TRUST
The Trust is a perpetuating capital trust i.e. all amounts donated or bequeathed to the Trust are never distributed but are invested, and the income from these investments is given to the Trinity Society on a bi-annual basis to meet the needs and ministries of the Church. What is donated to the Church is therefore never given away but invested to ensure an income for future generations.
The Deed of Trust has been registered with the Master of the High Court and the Trust has been approved as a Public Benefit Organization in terms of section 30 of the Income Tax Act by the Commissioner for the South African Revenue Service.
Donations to the Trust are exempt from donations tax in terms of section 56(1)(h) of the Act and bequests or accruals from the estates of deceased persons in favour of the Trust are exempt from payment of estate duty in terms of section 4(h) of the Estate Duty Act 45 of 1955.
THE INVESTMENT MODEL
All capital will be invested in South Africa through registered collective investment schemes (unit trusts) as approved by the Financial Services Board of South Africa.
The Trust will be administered by a Board of Trustees as determined by the Trust Deed. These Trustees represent the members of Trinity, the Finance & Stewardship Portfolio, the Trinity Board, and the Senior Minister.
The Church has been a rich blessing to many, many children of God, and the wider community, for over fifty years. Most of the original founding members have moved on to a higher calling. Many of those who grew up as a part of the Trinity Youth in the early sixties and seventies are now moving on into retirement after many years of faithful service. The mantle is now being taken up by a new generation.
The Church has been, and will continue to be, a sanctuary for so many of us throughout our life in this world. As we journey to the New Creation we each have a responsibility to ensure that what we leave behind will resource the ongoing life and ministry of our Church for the generations to come.