We all desire significance! We want to lead happy and fulfilled lives surrounded by family and friends. For many of us, there is a compelling need to make a difference – to leave a lasting impact on the people most dear to us and the world in which we live. The search for significance and desire to plan for the future leads many to ponder their legacy. What kind of legacy will you leave?
A bequest is perhaps the easiest and most tangible way to have a lasting impact on the people and organizations that mean the most to you. A bequest may also be an effective way to remember your church and other charitable organizations and provide a permanent legacy of support through an endowment.
An endowment gift may be designated for a specific purpose.
You may want to establish a scholarship endowment to provide for students in your church wanting to go into full-time Christian service; you might want an endowment to support the children and youth programs at your church; you might want an endowment to support the music ministry at you church. The list goes on.
Why make an endowment gift?
An endowment is permanently invested. The endowment creates a steady stream of annual distributions to support the work of the endowment. Your gift will be maintained in perpetuity and make a lasting meaningful difference.
You can establish your endowment now and fund it later.
The advantage of establishing the endowment now is that you make certain that your wishes are carried out. It is very simple to do. After you establish the endowment, you would need to include bequest language in your will or trust. For example, "I hereby, give, devise and bequeath ten percent of my estate to The Oklahoma United Methodist Foundation, Inc., a non-profit organization located in Oklahoma City, Oklahoma for the benefit of the Your Name Endowment Fund."
Schedule A of the endowment agreement describes how the distributions will be used. Depending on the size of the endowment, the distributions could support several organizations. If for some reason in the future you would like to change the distributions, you only need to change Schedule A. You would not need to amend your will or trust.
The Foundation can assist you in creating an endowment that meets your philanthropic and legacy goals. For more information, please contact David Battles at 800-259-6863 or email@example.com.
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