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| What is a Permanent Endowment Fund? |
| Traditionally, endowments provide a major source of funding for many types of institutions. An endowment is a pool of donated funds from which earnings from investments can be used for identified meaningful projects. While the earnings are used, the original gifts remain undisturbed and preserved.
A Permanent Endowment Fund will grow in size and impact as additional gifts are given.
Why has FUMC established such a fund?
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| The answer is easy. Just as we plan for the future in terms of ministry and outreach to our church family, we need to make long term plans as to how this mission will be funded. We are taught at the time of confirmation that the Church is of God and will be preserved to the end of time. The Church is an organization that is committed to responsible long-range planning.
An ideal way for our Church to think, talk, and plan in terms of permanency is through the establishment of the Permanent Endowment Fund. Such a Fund is a guaranteed way of ensuring the permanence of First United Methodist Church. Through charitable gifts, wills and trusts, a secure source of funding can be established, enabling our ministry to prosper.
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How will Fund earnings be used?
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| You may stipulate how you wish the earnings of your gift to be used.
The money will be used for projects and programs above and beyond the annual operating budget. Several options exist for use of endowment fund gift earnings. Examples include:
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Mission Endowment - For missions in the local community and beyond.
Property Endowment - For significant facility maintenance items, care, improvements and construction of physical facilities.
General Endowment - For special needs and ministries as requested by the giver or determined by church leadership.
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| How can you give? |
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There are many ways to make charitable gifts to the Fund, both during life and at death. As our tax laws change, new ideas continue to be developed. However, some of the more popular opportunities are:
Gifts of Cash or Property
Real Estate
Life Insurance Policies Charitable Trusts
Designation of a Gift in a Will
Memorials
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| Would a Charitable Gift Annuity better suit your plans? |
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A Charitable Gift Annuity is an excellent way to make a gift, increase your income and reduce your tax bill - all in one transaction. This Holston Conference program allows you to make a gift of significance, while still retaining a guaranteed, fixed income from the gift during your life. Your Gift Annuity offers these distinct advantages:
Fixed Income for Life
Tax Deduction Savings
Tax-free Income
Capital Gains Savings
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Would you like additional information?
If you would like additional information on the Permanent Endowment Fund, or a Charitable Gift Annuity, please call the church (483-4357) and speak to Rev. Stella Roberts or Ms. Terri Schneider.
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