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ENDOWMENT FUND
First United Methodist Church,
Dalton, Georgia
Mission: Creating an endowment to honor and preserve
“the house built by God” Hebrews 3:4
PURPOSE:
The Permanent Endowment Fund of First United Methodist Church of
Dalton, Georgia, hereafter referred to in this document as the "Endowment Fund," is
established for the purpose of providing members the opportunity to make charitable gifts
as a living memorial to loved ones and friends that will become a permanent fund yielding
income for financial support of First United Methodist Church of Dalton, Georgia.
The Endowment Fund is intended for purposes that are not funded through the annual operating budget of the
church and the regular giving of its members.
The Endowment Committee asked Dr. Robert Fletcher, Executive Director for the North Georgia Foundation, which manages our funds, "What are the most popular ways people choose for giving endowment gifts?" Dr. Fletcher's answer was simple. "The most popular method is leaving a bequest in a will. The second most popular is, far and away, the Charitable Gift Annuity." In a Charitable Gift Annuity, the donor sets aside a certain number of dollars and, in accordance with industry actuarial tables, receives income from that money for life. After death, the remainder, in whole or in part, will go to the church. The paperwork for a Charitable Gift Annuity is simple to execute, but every potential donor will want to consult his or her own advisors first. Currently, we have several endowments which yield 4% each year to support specific ministries: 1. The Margaret and Ed Million General Music Endowment Fund, named for the family who initiated the endowment, is used to enhance the music ministry of the church. 2. The Margaret S. Painter and C. Sue Phelps Day Care Scholarship Fund offsets fees for day care for children. 3. The General Facilities Endowment Fund is used for general maintenance projects. 4. The Loraine Edwards Parrott and Valvard DeForrest Parrott Memorial Scholarship Fund is used to provide scholarships to United Methodist college students. 5. The George and Mary Kirkpatrick Youth Music Endowment, named for the family who initiated the endowment, is used to enhance the youth music ministry of the church.
If you would like to discuss the possibility of leaving a gift to the church or establishing a named endowment, please contact one of the Pastors, a member of the Endowment Committee, or Pattie Gober, Finance director, at 706-278-8494.
Dee Anne Adams Don Adcock Murray Bandy Tom Bartley Billy Beard Patti Gober Donna Hair Joe Hallsworth Kathryn Kelehear Lowell Kirkman Joe Peabody Milton Ryman Helen Tuck Sue Tuggle Bob Weathersby
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