Congregational Endowment Services

Planned gifts for future ministries.

Planned gifts can provide the financial resources to help make dreams a reality.

A planned gift is any gift, large or small, given with forethought. A planned gift to your church is a financial gift structured to serve the needs of the church as well as the giver. A planned gift may take the form of an outright gift during a donor's lifetime, a bequest through their will or other estate plan, a trust, or a life income gift.

These gifts usually come from accumulated assets such as personal property, real estate, stocks, bonds, life insurance policies, cash, or other assets of tangible value. Often these gifts can be structured to take advantage of allowable income and estate tax incentives.

 

Gift Planning Programs and Church Endowment Services.

We also help churches design, launch, and promote gift planning programs and church endowment funds to help secure a healthy future for the missions of their congregations. Within the next 10 to 15 years, an enormous transfer of wealth will take place between generations. Texas Methodist Foundation representatives can help you motivate donors to give as well as establish an endowment fund to receive those gifts, so your church will be in a position to receive a portion of those assets. These may be the most important steps you take in securing the financial future of your church.

 

The following resources can help you to promote giving and encourage generous givers. Click on the links below to view these resources:

 

Starting a Permanent Endowment

An endowment fund is a permanent fund, the assets of which are held and invested to generate income and provide a long-lasting source of funds for the church.

For churches, an endowment fund can mean the difference between simply surviving or fulfilling the dreams of your ministry. For donors, it provides a meaningful way to leave a lasting legacy.  

Gift plans, such as charitable gift annuities and wills can benefit your church endowment. Cash, real estate, personal property, stocks and bonds, and life insurance are other gift examples.  Gifts can be established during one’s lifetime or as a bequest or to honor or memorialize a loved one.

There are two ways to start an endowment fund:

Plan A - The Book of Discipline sets forth the steps for creating a standing committee to administer and promote the fund. At TMF, a consultant can assist your leaders and guide you through the process. A resource booklet comes with sample guidelines and other helpful templates.

Download TMF GUIDELINES FOR CREATING A PERMANENT ENDOWMENT FUND here.Word document icon

Plan B - Should a local church not want the responsibility or have the expertise within their congregation to oversee and maintain the components of an endowment program, churches may opt to establish a permanent endowment at TMF. The integrity of the fund is maintained through TMF’s investment and distribution policies and the church receives a regular distribution for ministries that address the needs of their communities.

Download a SAMPLE CHURCH ENDOWMENT AGREEMENT here. Word document icon

 

More Endowment Resources

If your church has established a permanent endowment fund or a church foundation to receive estate and planned gifts, these resources will assist your leaders in managing the fund professionally:

Duties of the Endowment CommitteeWord document icon

Follow this “to do” list:

  • Adopt a Gift Acceptance Policy
  • Maintain accurate records of gifts and investment earnings
  • Report annually to the congregation
  • Invest in accordance with the Social Principles

Click on the links below to view these related documents:

General Council on Finance and Administration Investment Resources 

For other resources, contact a TMF endowment representative by calling Charitable Services at 800/933-5502.