FOR CHURCHES, CHURCH-RELATED ORGANIZATIONS, & CHARITABLE DONORS:
Local churches, church-related organizations, and individuals making charitable gifts to United Methodist causes are encouraged to consider using the Permanent Endowment Fund Service of the Wisconsin United Methodist Foundation, Inc. This service is made available by the Foundation in order to provide permanent care and good investment stewardship of permanent church funds.
Through this service, churches & church-related organizations obtain these advantages:
- Supervision by the Foundation’s Finance & Investment Committee, with the assistance of full-time professional investment advisors
- Periodic distributions or income payments or automatic re-investment of income
- A good investment return, consistent with safety
- Current earnings, plus future growth potential
- Diversification of investment, made possible by the size of our fund
- Responsible investment of administration of your account
- Encouragement to individuals making gifts to benefit the church (because they are confident that the funds will be well managed)
- Investments made in accordance with the United Methodist Social Principals
THE PERMANENT ENDOWMENT FUND SERVICE HONORS DONOR'S INSTRUCTIONS:
The Permanent Endowment Fund Service honors the donor's instructions that the income only is to be used for particular purposes, with the principal kept intact to produce continued future income for the work of the church as designated by the donor. Permanent Endowment Funds are a much-needed source of income to continue the work of the church.
INCOME PAYMENTS:
Earnings are paid directly to the Treasurer or other designated officers of participating organizations. Periodic checks can be mailed to you, or payments can be electronically deposited to your bank account, Monthly, Quarterly, Semi-Annually, or Annually.
MANAGEMENT:
All activities of the Foundation are administered by its Board of Directors. The Foundation traces its origins back to 1894, and has been serving Wisconsin United Methodists for over 110 years. Members of the Foundation Board of Directors are elected each year. Investment activities of the Foundation are supervised by its Finance & Investment Committee. This Committee is composed of eleven members of the Board of Directors chosen for their wide experience in banking, investment and finance. The Foundation contracts for professional portfolio management services. The Finance & Investment Committee and the investment counsel continuously supervise the selection of high-grade securities for our portfolio.
TERMS OF ADMISSION:
The minimum amount for establishing a Permanent Endowment Fund is $1,000. Additional amounts may be added to this fund at any time.
HOW TO PROCEED IN ESTABLISHING A PERMANENT ENDOWMENT FUND:
- A resolution establishing a Permanent Endowment Fund in the Foundation should be approved by the Church Administrative Board, or the Trustees, and sent to the office of the President of the Foundation. A sample resolution for establishing a Permanent Endowment Fund is available from the Foundation office.
- After the details are agreed upon, the new funds are admitted and begin earning income.
- New funds and deposits to existing accounts are admitted to the Common Fund monthly. Deposits received at the Foundation office during the month are placed in a short-term money market account and will earn interest up until the month-end entry date to the fund. At that time, both the principal and the interest earned will be rolled into the Common Fund.