WHAT IS THE ENDOWMENT FUND?
The Bandera United Methodist Church Permanent Endowment Fund was created to manage donated funds, trusts, bequests, and gifts to assist the church in its mission of making disciples for Christ.
The Endowment Fund is a permanent fund, which is invested to further the church's ministries. The donor, often in consultation with local church officers, decides how he or she wishes to designate a legacy for the future, and thus provides a permanent resource to witness for Christ.
WHAT IS THE ENDOWMENT FUND MISSION?
The mission of the BUMC Permanent Endowment Fund is to provide our church family the opportunity to create legacies through charitable gifts that provide long-term financial support and a living memorial.
HOW CAN I DONATE TO THE FUND?
Gifts of Cash: Simplicity and ease of giving are the reasons that cash is the most popular type of endowment gifting. A gift of cash is considered given on the date it is made to the fund.
Gifts of Securities and Other Properties: A gift of long-term securities generally results in several federal tax benefits. You are entitled to an income tax deduction for the full market value of the securities as of the date of your gift. You are not liable for the capital gains tax you would incur if you sold the securities. Life insurance policies and retirement accounts may be the subject of a gift.
Gift of Property: Real property in any location may be given to the Endowment Fund. If the property is owned one year or longer, the fair market value is deductible, no capital-gains taxes are payable on appreciate, and the property is removed from your taxable estate. Donations of a personal residence, ranch or farm, are welcome and you can retain use of them throughout your lifetime.
Personal Will: In your will you may decide to bequeath a percentage of your estate, or a specific amount, or the remainder after bequests to other beneficiaries are made. Bequests can be cash, securities, real property, or other personal property.