Endowment Fund

 

Program Administration | Types of Programs | How Gifts Are Used | Request Information 

It is said that most people have three pockets from which to give: the first pocket is current income; the second pocket is savings; the third pocket is an accumulated estate. In addition to the first two pockets, Christians should also give serious thought to giving from the third pocket.

 

Our Permanent Endowment Program and Committee have been created to develop awareness and to encourage gifts in this third pocket. FUMCC can be more than a vital congregation for those who participate in its life now. With your help, it can be an enriching congregation for this community for generations to come. Or another way: annual gifts for the operating budget and capital programs are often made from one’s annual income and/or savings, while endowment gifts are made from accumulated savings and estates, generally later in life, and as a part of will creation, estate planning, and charitable trusts.

 

The Endowment Fund has been established for the purpose of providing members and friends the opportunity to make charitable gifts to FUMCC that will become a permanent endowment of financial support. These gifts are above and beyond annual operating and capital donations.

 

To learn more, fill out this online form to request information. You may also call the church office at 919-467-1861.

 

The Endowment Program allows members and friends of FUMCC to make gifts, either designated or undesignated, to benefit particular areas, with the assurance that proceeds from these gifts will always be used for that particular purpose.

 

All gifts received will be invested by The United Methodist Foundation, Inc. Established by the NC Conference in 1955, the Foundation provides professional management/investment services for long-term and permanent funds held by the Conference.

 

The objectives of the Fund are to conserve principal and to make use of income from the investment. Donors can have a significant input to the specifics of their gift, or can defer the details to the FUMCC operating guidelines.

 

Expenditures of income from the gifts will be made at the recommendation of the Endowment Committee and approved by the Administrative Board in accordance with each gift’s specific terms.

 

Gifts of cash, real estate, life insurance, business interests, retirement funds, marketable securities, tangible personal property

 

Bequests of wills or other estate plans:
Outright bequests; Residuary bequests; Contingent bequests; Beneficiary of retirement benefits

 

Retirement gifts made through lifetime:
Charitable remainder trusts; Charitable annuities; Pooled income fund

 

Generally, gifts are of two types:

Outright gifts of cash, securities, and real estate generate the most immediate return to FUMCC by providing current and ongoing support for church programs while providing optimum tax benefits.

 

Deferred gifts enable larger long term contributions, while receiving current investment income as long as needed.

 

Gifts and bequests may be made to the Endowment Fund without any designated purpose. Such gifts offer the greatest long term flexibility for achieving the Fund goals.

 

However, for those donors who prefer, gifts may be either designated or undesignated in any of the following areas: