Christ United Methodist Church Foundation
The CUMC Foundation was incorporated as a separate legal entity in 1973 to give members and friends of CUMC the opportunity to provide support for the Church in perpetuity. Its sole purpose was and is to establish and manage funds to be used for support and expansion of the Church's programs as its benefactors direct.
CUMC Foundation Status
Many churches have endowments that are administered either by an endowment committee within the church or, as is the case at CUMC, by a separately incorporated Foundation's Board of Directors. The CUMC Foundation was incorporated in 1973 with the sole purpose of receiving gifts and spending the income from those gifts "...for the religious, charitable, literary and educational purposes and functions of Christ United Methodist Church..." The Board administers an endowment with October, 2010, assets of $438,000 and seeks to maintain the endowment's donated principal (currently $363,784) with an adequate margin to absorb market fluctuations. It is expected that in 2010, CUMC will receive grants of approximately $13,000 from the endowment's income.
Foundation Donation Guide
Gifts to the Foundation often come in the form of bequests from the estates of church members or from memorials from family members or friends. However, many gifts come from current members or friends of CUMC who wish to provide ongoing support for the church's programs that is in addition to the normal operating budget. Gifts of any size are welcome! The Board encourages unrestricted gifts because they allow for the most flexibility in responding to the future needs of the church, but you can direct your gift to one of the following areas:
Children and Youth Worship and Music
Local Outreach Adult Education
Global Missions Facilities
The Foundation will also accept more narrowly defined gifts provided they are in an amount that can reasonably be expected to fund the purpose for which they are given.
The CUMC Foundation can also help you plan your gifts for maximum tax savings and will arrange for professional assistance from the Minnesota Conference or from our investment service provider locally.
For further information, please contact Board President Harry Renner or Vice-President Doug Wright. |