View Screen-Reader Accessible Site

Bethel Endowment Fund Policy


The revised BETHEL ENDOWMENT FUND POLICY approved at the called Charge Conference on August 13, 2007 is available for download.
 
 The Bethel Endowment Fund - Facts You May Not Know

History and Purpose. The Endowment Fund of Bethel United Methodist Church was established in 1981. A revised Endowment Fund Document was approved in 2007. This Document states that the purpose of the Endowment Fund is to provide continuing financial support for the ministries of Bethel church in perpetuity. Ministries can include, but are not limited to, the funding of missions, capital additions and improvements, and special programs. Endowment distributions go to purposes that are not covered by Bethel’s annual operating budget.

Document. A copy of the Endowment Fund Document can be downloaded from the link at the top of the page. The Document outlines the purpose of the Fund, the members of the Endowment Committee, and the duties and responsibilities of the Committee. The Document also includes the Gift Acceptance Policy, the Investment Policy Statement, and the Distribution Policy.

Distributions. The annual distribution amount is determined by a formula described in the Distribution Policy section of the Endowment Document. The formula is designed to continually preserve the market value of the Fund. In 2007 the Endowment Fund distributed $7,500 to the College/Young Professionals group for a medical mission trip to the Dominican Republic in June 2008 and distributed $10,000 to the Bethel Music Ministry for a series of concerts in 2008. In 2008 the Endowment Committee voted to commit future distributions from the Fund, up to a maximum of $500,000, to Sanctuary Restoration. The 2008 – 2011 Endowment distributions to Sanctuary Restoration total $164,378.

Gifts. A gift to the Endowment Fund is added to the balance of the Fund. Because the distribution formula is designed to preserve the market value of the Fund, a gift to the Endowment Fund is not used up, but continues into the future. In the future, when we cannot know what the appropriate ministries will be, the future church leaders will make decisions based on current needs, and a gift to the Endowment Fund will be part of that future ministry. After other gifts have been expended, the Endowment Fund will continue to provide a reminder of the faith and witness of its donors. Contributions to the Endowment Fund of $10,000 or more are commemorated on a permanent plaque placed in the rear of the Sanctuary.

Restricted Gifts. The Gift Acceptance Policy permits donor-restricted gifts of at least $50,000. In November 2007, the Endowment Fund received a $50,000 contribution in honor of Paul and Mildred Minus from their children. Mr. and Mrs. Minus were faithful members and supporters of Bethel Church for over 40 years. The gift is to be used “to support a program of guest speakers and other special events that will inspire both present and future Bethel members and friends to connect to issues of care and concern that will enrich their lives and ministry.” This gift was placed in a restricted account within the Endowment Fund so that it can be used according to the wishes of the donors. Unfortunately, the economic environment after 2007 has prevented the Minus Fund from growing at a level necessary to launch the program. The Minus Fund is currently recovering, and the Endowment Committee anticipates the programs envisioned by the donors can begin in the near future.




 
College students are always welcomed at Bethel...read more
Join our graduates and young professional group...read more
Stay Connected with Connex...read more
We are a Safe Sanctuary Church... read our policy
Visit the Bethel Library...
peruse library
Check out our Baptism page...
click here