- Phone: (316) 788-1507
- Mailing Address: 431 S. Woodlawn Blvd. Derby KS 67037
INTRODUCTION TO THE PROGRAM:
Woodlawn has had an endowment program for a number of years which was operated under guidelines included in our Church Policies and Procedures manual. Beginning in January 2020 a new charter went into effect which formed the current Endowment and Planned Giving Program. The reason for this change was to add clarity, structure and transparency to the program.
It more clearly establishes three general funds:
The charter also allows for donor restricted funds such as those already established:
The charter better defines committee responsibilities, duties and makeup by clearly defining term limits and new member replacements annually. Transparency is increased with policies for receipt of gifts, investment of funds and spending limits. In addition, the committee has decided to separate the Endowment and Memorial Committee into two independent committees to increase the focus individually on each program. The charter was approved by Charge Conference on November 24th, 2019.
Purpose of the Program:
The primary purpose of the Permanent Endowment Program is to provide a means for members and constituents of The Church to make gifts and bequests to provide a permanent endowment that will become a source for long-term financial support and living memorials to their faith. Gifts to the Permanent Endowment Program will be held in perpetuity, if not otherwise designated by the donor, with income to be used to further Christian ministry and mission. This includes support of ministries of the church, of the Great Plains Annual Conference of the United Methodist Church, ministries of The United Methodist Church nationally or internationally, and any other Christian ministry or mission deemed appropriate by the Permanent Endowment and Planned Giving Committee.
These permanent endowment funds and resulting income are NOT intended to provide for the Churches general operating expenses. It IS intended that the Churches annual budgetary process, together with annual giving, shall support normal and customary Church activities. Income from the permanent endowment funds should only be used to support ministries beyond standard local Church activities or to provide temporary assistance in starting new ministries in the Church.
The Program may accept both cash and non-cash gifts and bequests. Non-cash gifts may include corporate stock, mutual funds, bonds, bank deposits, real estate interest, precious gems and metals, and other items deemed acceptable by the Permanent Endowment and Planned Giving Committee.
The Woodlawn Permanent Endowment and Planned Giving Committee is responsible for managing the fund and is currently made up of the following members:
All funds are invested to maximize income while maintaining reasonable security of the investments consistent with United Methodist Social Principles and the required liquidity of the individual fund.
For more information about the Woodlawn Endowment and Planned Giving Program, please contact any of the committee members or the church office by phone at (316) 788-1507 or by mail at Woodlawn United Methodist Church, 431 South Woodlawn, Derby, KS 67037.
Some history about Woodlawn and the Endowment Program
Hubert (Hap) and Jane Pomeroy were charter members of The Woodlawn Methodist Church when it started back in the mid 1950’s. When Hap retired from Boing at the end of 1984 it was part of the Pomeroy’s estate plan to establish an endowment that would produce income to supplement their tithe to the church. At the thirtieth anniversary of the endowment and several years after Hap’s passing, we were honored to interview Jane on her recollections of the churches beginning and the thinking behind the initiation of their endowment which is still growing and producing income today.
Other useful links
The Woodlawn Endowment and Planned Giving Program works closely with The Kansas Area United Methodist Foundation. The Foundation’s website is an excellent resource for trusted information about general estate planning and ways to support Woodlawn’s ministry in perpetuity.
If you would like to be added to the quarterly endowment newsletter distribution, email Jenah Moody at . Past newsletters can be found by clicking HERE.
Link to the Woodlawn Endowment and Planned Giving Program charter: Click HERE.