Endowment and Memorials
MEMORIAL FUNDS may be given to the church in memory of a loved one who passes away. These funds may be designated for immediate spending in a specific area. If you lose a loved one and want to set up a memorial fund, please consider designating it to the church's endowment fund. The endowment fund is for future use. Any amount given would be safely invested and the proceeds would benefit special projects at the church. Your initial gift of love would never be spent; it would grow indefinitely and only the interest would be carefully considered for future projects. If this need arises, please contact the church office.
Memorials of $500.00 or more will be added to our Memorial Book located at the back of the Sanctuary.
PREAMBLE: This Endowment Fund was initiated in the year 1991 by the heirs of Adolph and Naomi Penning.
PURPOSE: The purpose of the fund is to provide a means whereby gifts to the church may be held in perpetuity with income to be used to fulfill the purposes of the Church in Christian ministry and mission.
Various accounts may be established by the Endowment Fund Committee and held to effectively administer and provide for Church needs. These accounts may include but will not necessarily be limited to:
Building (capital improvements and major repair etc), Missions (work camp or special projects etc), Education (programs, camper ships, college and seminary scholarships, special workshops etc), Church Growth and Evangelism (for new ministries, additional staff, outreach programs, advertising and evangelism crusades), Worship and Music Ministry.
Powers and Duties of the Endowment Fund Committee. (1) to manage the Fund, (2) to promote giving to the Fund (3) To recommend to the Charge Conference the acceptance or rejection of any gift, bequest, or devise. (4) to follow directions, if any and if practical, of the donor in the use of principal and income. (5) to invest all monies in the fund (6) to have the Fund audited annually by the First United Methodist Church auditor (7) to present an annual report to the Charge Conference and the congregation of the Church. For more information, please contact the church office for the complete resolution.
