The Aurora United Methodist Church's
Endowment Program
Purpose of the Endowment Program
Seven Invested Funds and Categories
Funds Invested with the Nebraska Conference Foundation
Those who have BENEFITED from the Endowment
The Aurora United Methodist Church ENDOWMENT FUND seeks to ensure that future generations will come to know and celebrate the Good News of Jesus Christ. Worship, Christian education, service and fellowship are the essential ingredients for a Spirit-filled congregation. Giving is a vital part of Christian living. The ENDOWMENT FUND is designed to combine many gifts, small and large, and to have them managed for the permanent benefit of our church.
All gifts will be added to the principal of the ENDOWMENT FUND. Only income is used for special ministries except in unusual circumstances when a portion of the principal may be made available. These gifts continue the work of the church for years to come. The giving is a true expression of the giver’s concern for the church and its future ministry.
The purpose of the fund is to provide a means whereby gifts to the church may be held with income and/or principal to be used to fulfill the purposes of the church in Christian ministry and mission. Responsibility for investment and management of the Fund shall be vested in the Board of Trustees of the Aurora United Methodist Church subject to the direction of the Church Conference as prescribed in the current edition of the Book of Discipline. The Endowment Committee shall assist in promoting and management of the fund.
SEVEN FUNDS WITHIN THE ENDOWMENT
All income is used to further the ministry of the Aurora United Methodist Church
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Income generated from gifts in this category are used for these purposes of the building: Construction Reconstruction Remodeling Repair Replacement
Only the income from this investment are used for these purposes. |
| A separate non-endowed fund has been established for donations directly to the building expansion. |
Greatest Needs Funds
Music
Fund
One also has the opportunity to endow a Memorial Scholarship
in the name of a loved-one. Income from each
memorial investment is used to fund one (or more) scholarships.
Currently six families have endowed Memorial Scholarships: Doyle
M. Garwood Memorial Scholarship Clarence
Luthy Memorial Scholarship Cecil
R. Sims Memorial Scholarship Don
Carrico Ministerial Scholarship Raymond
Christenson Memorial Scholarship
Bill
Kropp Memorial Scholarship
The
Christian Education committee uses the income generated from this fund to
further the Christian Education of our members. This includes (but
is not limited to)
the funding of Rejoice! scholarships,
Vacation Bible School programs, Christmas programs, and other educational
purposes.
These are funds that
do not have a designation except to help "with the greatest needs of
the church." Income from these investments is entrusted to the
Committee on Trustees for the furtherance of the ministry of the Aurora
United Methodist Church
Income generated from gifts
to this fund are used by the Outreach Committee to fund mission
projects
and missionaries on a local, regional,
nation, and international level. The current recipient to this year's
allocation can be found at this link.
The Worship Committee is
entrusted with the income generated from this fund to purchase music,
improve the sound equipment, maintain current musical equipment (i.e.
piano, bells, etc.), and for the purchase of new equipment.
A separate fund
has been established to directly help with the upkeep of the Pipe
Organ. This fund is intended to be used only during times of
need for the Pipe Organ.
Income generated from this
investment will be used to fund scholarships for members of the Aurora
United Methodist Church currently enrolled (or will be enrolled) in
facilities of higher education.
Income generated from this investment is used by the
Youth Council to fund the youth ministry of the Aurora United
Methodist Church
Charitable Gift Annuity (lifetime income for the donor)
If you are age 60 to 65 or older, you will see a significant increase in your income with this Gift. Through the purchase of a Charitable Gift Annuity from a non-profit institution such as The United Methodist Church will allow you to increase your income, provide an opportunity for a charitable income tax deduction, provide partially tax-free income, and allow you the opportunity to support God’s work through your church -- forever! Not only will you have the higher income to meet your lifetime needs, but you can also be assured that a portion of the assets with which God has blessed you will continue to support God’s work in the church and in our community.
To learn more about how a Charitable Gift Annuity might benefit you and help you to achieve your estate planning goals, please contact the Nebraska United Methodist Foundation at 800 / 435-6107, or you can contact the church office and we will help you get started. There is no fee and no obligation to set up an Annuity.
Charitable Remainder Trust (lifetime income for the donor)
Cash (fully tax deductible)
Stocks or bonds (especially if appreciated in value)
Real estate (especially if appreciated in value)
Life insurance (either a new or existing policy)
Bequests of Gifts by Will (exempt from estate taxes)
Retained Life Estate (continue using property but receive income tax and estate tax deductions)
IRAs and other “Qualified” Plans through a beneficiary designation (currently the best gift at death)
Lead Trust (provides current income to church with trust assets later returning to family)
- Family Endowment Fund (for individuals not close to retirement age)
New!
The Fund is invested with the Nebraska United Methodist Foundation. This organization invests the funds of over 130 United Methodist churches, groups, and organizations. Directed by an elected board of Trustees, this body invests only in accordance with the Social Principals of The United Methodist Church.
On December 31, 2003, the balance in Aurora's Endowment Fund was $56,397.63. The entire amount is invested with the Nebraska United Methodist Foundation. The following is a financial history of the fund.
Endowment Fund Balance
1994 - $100.00
1995 - $2,215.00
1996 - $6,259.27
1997 - $6,593.56
1998 - $28,797.51
1999 - $30,499.49
2000 - $31,186.75
2001 - $42,584.37
2002 - $56,397.63
2003 - $58,624.21
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YOUR CONTRIBUTION CAN BE YOUR GIFT OF A LIFETIME! |
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GIVING reflects the love of Christ in the hearts of people. It is a vital part of Christian living. The next move is yours. Consider your responsibility to dispose of the worldly goods that God has provided for your use. |
THOSE WHO HAVE BENEFITED
from the ENDOWMENT PROGRAM
Through our Mission Fund we also support June Brophy, our own Volunteer in Mission.