Carmel UMC

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Endowments and Planned Giving

12.15.16 | News | by Rev. Patti Napier

Endowments and Planned Giving

    Have you ever noticed the tree with small plaques containing family names hanging in the church hallway north of the Narthex and wondered “what is that”?  Did you know that CUMC has an endowment fund?  As a matter of fact, our church has had an endowment fund since the early 1990’s and the names on those plaques are families who have given to the endowment fund.

    You might be asking yourself, “What is an endowment fund?”  An endowment is generally where the amounts of the original gifts are preserved and the investment income generated from those gifts is used by the church for important needs. These needs can be wide ranging and include things such as capital and building improvements, missions, and ministries in the church.  So the idea of using a fruit bearing tree seems to be a very appropriate symbol.  The endowment is like the tree as it will grow as gifts are received and the fruit is like the income generated from the fund’s investments that can be used for church needs. As a result the endowment becomes perpetual and will continue to bear fruit for many years to come.  Over the years our church has been blessed with some wonderful fruits coming from the CUMC Endowment Fund. A good example is our church busses that were completely paid for from our Endowment Fund.

    An endowment, along with “Planned Giving”, can be so vital to a church that it deserves the appropriate attention.  To that end, a nine member Endowment Committee has recently been re-initiated to focus on not only the growth of the Fund but also its management.  The Committee is currently working hard on completing a Charter and other policies for the Endowment. You will be hearing more from this group as it progresses over the next several months.  In an upcoming Contact, we will introduce and discuss the concept of “Planned Giving”.  In the meantime, if you have any questions, contact Patti Napier or Gary Noonan and they can address or direct your questions to the appropriate person.