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  • Phone: (316) 788-1507
  • Email: 
  • Mailing Address: 431 S. Woodlawn Blvd. Derby KS 67037

 

 

Woodlawn Family Endowment Fund

Woodlawn Endowment and Planned Giving Program

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 Legacy Unrestricted Fund will be the repository for gifts not otherwise specified for other funds.
  • The College Scholarship Fund will be used for post high school education.
  • The Building Funds will be used for future building needs.

The charter also allows for donor restricted funds such as those already established:

  • Hubert and Jane Pomeroy Fund with use restricted to the General Fund.
  • John and Mary Withers Fund with use restricted to Derby Community Family Services.
  • It also allows for restricted gifts in the future to fund Christian ministry and missions as defined by the donor. Minimum gift limit applies.

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:

  • Chairperson: Phil Schroeder
  • Member at large: Donna Pelley
  • Member at large: Marvin Dunlap
  • Member at large: Coy Allen
  • Member at large: Becky Loosen
  • Senior Pastor: Lance Carrithers
  • Chairperson of Finance Committee: Becky Yeager
  • Representative from Board of Trustees: Rita French

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.

Useful links:

Pomeroy Endowment Video

Estate Planning

Estate Planning Glossary

Living Trusts

Charitable Remainder Trusts (CRT)

Life Insurance Trusts

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.