CAVE SPRING UMC ENDOWMENT FUND
“Where your treasure is, there your heart will be also.” – Matthew 6:21 CEB
WHAT IS THE ENDOWMENT FUND?
CSUMC’s Endowment was established to provide a means for investment in the future of the church. It is bound by a legal document that defines the purpose and management of the fund.
The principle of the Endowment is preserved, and the income is used to support new, emerging ministry opportunities or to enhance existing ministries (not usual expenses). Thus far, funds have been disbursed to launch CSUMC’s Boost Partnership with local high schools and to renovate our facilities to provide accessible, gender-neutral family restrooms.
Income distributions to CSUMC ministries are made through a grant process, managed by the Endowment Committee, and confirmed by the Church Council.
“You shall be my witness, first in Jerusalem, then in Judea, Samaria (and Roanoke, throughout our country)
…and to the ends of the Earth.” – Acts 1:8b NIV
WHY SHOULD I SUPPORT THE FUND?
Giving is an expression of gratitude to God. Giving is a response to God’s love and blessings. Giving is one way we grow in discipleship.
Endowment giving provides the means to respond to new opportunities for ministry that God places before us. Emerging oppoortunities present themselves, oftentimes outside of the regular planning cycle. The interest from Endowment giving can help CSUMC be responsive and nimble in following God’s direction.
“Where your treasure is, there you heart will be also.” – Matthew 6:21 CEB
WHO MANAGES THE FUND AND HOW?
The Endowment Committee manages the Endowment Fund as set forth in the Endowment Resolution.
The Endowment Committee consists of a Chair, two at-large members, Chairs of Church Council & Finance, two representatives from Trustees, Business Manager/Treasurer, and the Senior Pastor.
The Chair also is a member of the Finance Committee. The Endowment Committee will discern the professional investment vehicles for the fund, maximizing return while being in accordance with UM Social Principles.
HOW CAN I PARTICIPATE?
Gifts to the Endowment may be of any size. They can be made through the offering plate, online giving (specified “Endowment”), through gifts of stock or a legacy gift through your will and/or estate planning. All gifts are unrestricted, unless over $25,000 and specified as restricted. You can:
Make an Outright Gift
Cash, stocks, bonds, assignment of bank accounts or life insurance policies are direct donations to the fund
Naming the fund as a beneficiary in a retirement plan, IRA, savings account or Certificate of Deposit, life estate, charitable life income remainder trust/annuity or a revocable living trust are delayed gifts to the Endowment Fund
Make a Legacy Gift
Specific primary bequests of a dollar amount or percentage of your estate
Residuary bequests, which designate the Endowment Fund to receive the remainder of your estate after all specific bequests have been made
Contingent bequests, which designate the Endowment as the beneficiary if your other beneficiaries do not survive
Consult your estate professional for advice on how best to support the Endowment
Minimum initial gift of $25,000 to establish the restricted fund for a specific purpose applicable to the ministries of CSUMC and subject to approval of the Church Council, guided by the Endowment Fund
After establishment, gifts may be of any size and donated by anyone to that fund
Gifts can be received in memory or in honor of someone. All gifts are welcome and appreciated.
“Each of you should give what you have decided in your heart to give, not reluctantly or under compulsion,
for God loves a cheerful giver.” – 2 Corinthians 9:7 NIV
WHO DO I CONTACT?
For more information, please contact Cave Spring UMC’s Business Manager or the Endowment Chair.
Confidentiality will be respected as requested.
CSUMC Business Manager