As the pastor of a local congregation (or perhaps more than one!) you wear many hats: CEO, teacher, preacher, counselor, and jack-of-all-trades just to name a few. You may feel overwhelmed with all your duties. The last one you may be thinking about is your church’s financial future, especially a future far past the time when you are serving there.
Fortunately, it’s never too late to ensure a legacy for your church and help is a phone call away.
The best way to ensure your church’s future is to start an endowment. Church endowments work a bit differently in the UMC than they do with community foundations. Your church endowment is an asset of the church that can be accessed for the stated purpose of the funds at any time. In other words, your church endowment is NOT an irrevocable, never-touch-it trust; and it does not belong to the Conference. Requested funds are available within about one week.
Think of your church endowment as a great place to invest monies that are not immediately needed for capital or operating purposes. Invested carefully, these funds will grow and provide a means for donors in your congregation to support the long-term viability of the church with their own legacy gifts, as well.
UMFWO is here to help.
Consider the United Methodist Foundation of West Ohio as your partner in creating a financial plan for your church. We hold over $100 million in assets under management including the Conference assets, Board of Pensions and Health Benefits assets, other church assets and individual planned giving assets. Your treasurer will be glad to know we provide administration and accounting services for local church endowment funds, too. In short, the Foundation offers a turnkey solution, specifically designed for UMC churches, that is low-cost, easy-to-use, and completely supported by caring, knowledgeable staff along with experienced, trusted and vetted financial service providers.
Let us help you reach future generations who will benefit from your careful, well-thought-out planning and stewardship. It’s not too late to get started! Contact the Foundation today at sblack [at] wocumc.org or 380-223-9257.