Other Ministries | Endowment Development
| Endowment Development |
There are many reasons for setting up endowment funds for your agency or institution through the Heartspring Methodist Foundation. Such funds can
An endowment fund provides a perpetual source of income for:
Our Guide to Establishing a Permanent Endowment Fund can provide helpful information. What is the purpose of a permanent endowment? The permanent endowment fund usually supports the maintenance, beautification and expansion of your properties. How do you start a permanent endowment? The Foundation offers complimentary guidance to establish a permanent endowment according to requirements of the United Methodist Book of Discipline. How much does it cost to start a permanent endowment? Organizing a permanent endowment fund can be accomplished without any expense. Will gifts to the permanent endowment fund reduce other support for the organization? No. The donors often increase giving because the permanent endowment demonstrates vision and stability. Do we need lawyers and accountants to set up and administer a permanent endowment fund? No. A permanent endowment fund is no more complicated than other types of funds. How much work is involved in starting and growing a permanent endowment fund? A task group must spend some time preparing a governing document, but it need not be a lengthy project. The Foundation can provide assistance with this. The most important work is developing and carrying out an appropriate communications schedule. How can we educate our donors about the permanent endowment fund? The Foundation can provide a workshop that informs and educates everyone as well as provide communication materials. What assistance is available for those who want to include our agency or institution in their wills or through other giving arrangements? Heartspring Methodist Foundation provides confidential consultation and assistance to individuals considering making these kinds of gifts. |
