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Endowment Fund

 

The Endowment Fund provides a way for persons to give gifts that provide for the long-term future of Trinity United Methodist Church. The principal of these gifts is held in perpetuity with the investment income made available as needed for ministries of the church.

Why an Endowment?
To provide permanent, financial gifts that will help support the future ministry of the church.

Trinity UMC encourages the donation of accumulated, inherited and appreciated resources in support of the Church’s activities to complete the Church’s mission. These special gifts should not take the place of faithful stewardship of current income, but should be made for Church “endowed” investment that will provide income to fund future Church activities in support of the Church’s mission as defined at the time of use. With endowed gifts, the principal is to be invested and the income from the investments shall be available to spend.

The Fund is to provide income in perpetuity for general or restricted use by the Church. The Fund may consist of multiple sub-funds with different investment strategies and disbursement guidelines. As of now, the Endowment Fund consists of one fund. Income is to be generated from investment or use of the principal donated assets. The principal is to be invested and, unless otherwise specified by the terms of a gift or by the Endowment Committee at the time of addition to the Fund, only the income is to be spent. The income from the Endowment Fund may be used for any purpose consistent with the mission of the church. This would include, but not be limited to, such projects as the following:
1. Improvement of space and facilities.
2. Maintenance of building and grounds.
3. Programs in Children, Youth or Adult Ministries.
4. Pre-school.
5. Music program.
6. Missions/outreach.

Frequently Asked Questions about The Endowment Fund:

Q: What is the purpose of the Endowment Fund?
A: Is established for the purpose of providing members and friends the opportunity to make charitable gifts to Trinity that will become a permanent endowment of financial support and a living memorial to those whom Trinity has served.

Q: How will the Endowment Fund be funded?
A: By gifts from the members or friends of the Trinity United Methodist Church. These gifts can be in the form of bequests in Wills or Trusts, retirement accounts, real estate (if approved by the Board of Trustees), gift annuities, and other forms of gifts that can be readily converted to cash.

Q: Is there a written statement of investment objectives?
A: Yes. In basic terms, the objectives are conservation of principal for the effective maintenance of purchasing power, regular income at a reasonable rate and growth of income and principal.

Q: Who will oversee the Endowment Fund?
A: The Endowment Committee, which is presently composed of nine (9) members – a member of the Board of Trustees, a member of the finance committee, Trinity’s treasurer and six members elected by the Charge Conference.

Q: For what purposes can distributions from the Endowment Fund be made?
A: The income (interest and dividends) from the investment of the Endowment Fund will be managed by the Endowment Fund Committee and may be transferred to the Board of Trustees for capital needs, ministry, and missions of the Church.

Q: Can the principle of the Endowment Fund be distributed?
A: No, only the income (interest and dividends). The amount is designated annually by the Endowment Committee and the amount can be distributed by the Board of Trustees, or left in the fund to appreciate in value.

Q: Can gifts be made in honor of, or in memory of any person?
A: Yes, gifts can be made in honor of or in memory of, any person. The Endowment Committee will establish an annual recognition for all donors.

Many gifting possibilities may be complex and require the consultation of professional advisors. It is important that your advisors explain the benefits of these plans and how they can fit into your estate and financial planning. If you are ready to give, please call 501-666-2813 to get in touch with the Endowment Committee.

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