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UTICA UNITED METHODIST CHURCH
ENDOWMENT FUND
What is an
Endowment Fund ?
An Endowment Fund is a separate pool of
money where the principal is invested and only the income is
used.
What is the purpose ?
The Endowment Fund is created
and exists solely for the purposes of UUMC, with its
principal objectives being the promotion and
development of religious, charitable and educational
activities, and for other non-recurring purposes not
regularly budgeted by UUMC.
Why have an Endowment Fund ?
To allow stewardship to
go beyond the offering plate to help
fund:
This will enable UUMC to
fulfill the ministry dreams of our
Church Family for present and future
generations.
Where does the
money come from ?
The
Fund will receive and hold
all gifts made to the Church
from sources such as
bequests, gift annuities,
insurance policies, trusts,
other planned or deferred
arrangements, and other
undesignated cash gifts.
Who
will oversee it ?
5
member elected board
with fiduciary
responsibility for
the fund.
Standard 3 year term
with not more than
one term
expiring per year.
One member would
serve on the Church
Coordinating
Council.
Who can
answer my
questions?
The
task
force
members
are
Pastor
Bill
Donahue,
Bill
Browning,
Bill
Bauer,
Kathaleen
Funkey,
Ed
and
Barb
Kubes.
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Leviticus 27:30 |
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And all the tithe of the land, whether of the seed
of the land, or of the fruit of the tree, is
Jehovah's: it is holy unto Jehovah.
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2
Chronicles 31:5 |
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And as soon as the commandment came abroad, the
children of Israel gave in abundance the
first-fruits of grain, new wine, and oil, and honey,
and of all the increase of the field; and the tithe
of all things brought they in abundantly.
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Malachi
3:10 |
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Bring ye the whole tithe into the store-house, that
there may be food in my house, and prove me now
herewith, saith Jehovah of hosts, if I will not open
you the windows of heaven, and pour you out a
blessing, that there shall not be room enough [to
receive it].
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