For Churches and Agencies the UM Foundation can be their
"Development Department." The UM Foundation can assist in developing
Permanent Funds ( Endowment Trusts) and Custodial/Deposit Accounts (managed for
investment purposes).
Permanent Endowment Funds Church, agency or individual(s)
can create a Permanent Endowment Fund with the UM Foundation. The
principal will continue to grow as the annual income is available to the church
or agency for its ministries as determined in the fund agreement.
Examples of Permanent Endowment Funds
are:
Scholarship Funds
Building/Facilities Endowment Fund
Outreach/Mission/Evangelism Fund
Music/Choir/Organ Fund
Christian Education Fund
Church's Cemetery Fund
Contact the UM Foundation
office for detailed information on establishing a Permanent Endowment Fund.
The Church or agency places money
with the UM Foundation for investment. The advantages of a
Custodial/Deposit accounts are: 1. deposits and withdrawals at any
time in any amount including income and principal; 2. no maturity dates;
and 3. no penalty for withdrawals.
Examples of Custodial/Deposit
Accounts are:
Holding Funds
Trustees' Reserve Fund
Campership Fund
New Church Development Fund
Capital Improvement Fund
United Methodist Foundation of WV, Inc.
PO Box 3811 - Charleston, WV 25338-3811
Phone: 304-342-2113 Toll Free: 1-800-788-3746 ext 45
Fax: 304-342-2632
Email: info@umfwv.org
Physical location: 900 Washington St. E. Suite 203 - Charleston, WV