Endowment Giving
Endowment gifts can be an important part of a non-profit organization's financial planning. The church relies in part on income from weekly contributions. This process results in a sometimes unpredictable amount of available money at any particular point in time. Fluctuation in receipts can be related to attendance factors such as vacations, inclement weather, tight economic times in society and more. These cash flow issues can interfere with making payments on time, meeting requested apportionments to the district and conference and even payroll. Budgets which can rely on specific income tend to have more stability and allow for more aggressive programming funds as well as allow for the building of capital funds before they are needed, instead of relying on borrowing.
Endowment giving provides an opportunity for larger sum giving which is then managed by investment planning. Typically the principal of these funds is kept for income production only. The interest and/or return on investment is then used to supplement the cash needs of the church. A very healthy endowment fund can produce a significant amount of money which supplements contribution income and buffers against shortfalls in this area.
The Endowment Committee at FUMC is ready, willing and able to assist you with implementing an endowment gift process. The church has three major types of funds to consider. Factors include potential areas that proceeds from the fund can be designated towards. There are also specific minimum endowment amounts for one of the funds.
Planning is essential for an individual's financial needs during retirement. Part of these considerations includes how to manage the assets of an individual in relation to estate funds left behind after death. Endowment gifts represent a lasting testimony of the value an individual places on the legacy of their church.
Please contact any member of the endowment committee,or the pastor, when you have questions about remembering your church through this type of meaningful, sustaining gift.
Contact the church treasurer or pastors to be directed to the right person for these plans.
Endowment giving provides an opportunity for larger sum giving which is then managed by investment planning. Typically the principal of these funds is kept for income production only. The interest and/or return on investment is then used to supplement the cash needs of the church. A very healthy endowment fund can produce a significant amount of money which supplements contribution income and buffers against shortfalls in this area.
The Endowment Committee at FUMC is ready, willing and able to assist you with implementing an endowment gift process. The church has three major types of funds to consider. Factors include potential areas that proceeds from the fund can be designated towards. There are also specific minimum endowment amounts for one of the funds.
Planning is essential for an individual's financial needs during retirement. Part of these considerations includes how to manage the assets of an individual in relation to estate funds left behind after death. Endowment gifts represent a lasting testimony of the value an individual places on the legacy of their church.
Please contact any member of the endowment committee,or the pastor, when you have questions about remembering your church through this type of meaningful, sustaining gift.
Contact the church treasurer or pastors to be directed to the right person for these plans.