Effective Leaders, Faithful Disciples, Vital Congregations
Effective Leaders, Faithful Disciples, Vital Congregations
Why Our Friends Create Endowments
The Endowment program at The Kentucky United Methodist Foundation continues to grow because more and more of our friends recognize the benefits of creating their own endowment funds.
Some prefer to launch their endowments now so they can see the results, and others make arrangements to establish endowments later on with estate assets. And some prefer to start an endowment now and add more to it later through a bequest.
Why do these people choose to make endowment gifts to The Kentucky United Methodist Foundation?
There are a number of reasons, of course. Here are five you may wish to consider:
1. Durability
The idea of creating a perpetual stream of financial support makes sense to people who see a similarity between retirement funds and endowment provisions. They like the concept of a fund that is guarded and invested separately from other assets so the principal of the fund will stay intact. Only limited distributions from the fund will be used to support The Foundation.
2. A Positive Legacy
When friends (donors) attach their names to an endowment fund, they create an enduring legacy that will outlive them and influence succeeding generations. Grandchildren, great-grandchildren and other family members and friends will be reminded of the person’s values and commitments. Endowment funds can also be used to honor the lives of others who have made a significant impact on the donor and/or The Foundation.
3. Perpetuate Annual Gifts
Many donors see an endowment fund as a means to underwrite their own regular giving to The Foundation, their church or other United Methodist institution or agency. For example, an endowment fund of $20,000 could create an annual “gift” of $1,000 to The Foundation or another United Methodist entity. It’s a great way to keep giving generation after generation.
4. A Stronger Foundation
Each year, The Foundation must raise a certain number of dollars to meet operational costs to sustain our ministry. Raising money for the “here and now” is always a priority. Annual payouts from endowment funds relieve some of this pressure and permit the board and executive team to plan more confidently for the future. An organization with a strong endowment is simply more stable financially.
5. Personal Satisfaction
It is wonderfully fulfilling to do something good that lasts, something that really makes a difference. Other kinds of giving are important, but having your name on a fund that will benefit others for centuries is truly satisfying.
If you would like to learn more about the endowment program at The Kentucky United Methodist Foundation, fill out and send in the form below. We will send you information on endowments titled, Endowment Funds: Gifts that Keep on Giving. You may also contact me through our toll-free number of 888-841-7935 or by mail at 921 Beasley Street, Suite 150, Lexington, Kentucky 40509.
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Securing the future of Kentucky United Methodism by:
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We are vision makers!
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David Bowles, President
Cindy Coker, Administrative Assistant
The Kentucky United Methodist Foundation, Inc.
921 Beasley Street, Suite 150
Lexington, KY 40509
Phone: (859) 977-0400 or (888) 841-7935
kumf@kyumc.org
Open hearts. Open minds. Open doors.
