The Memorial Foundation was organized in December 1971 to provide a vehicle for individuals to make gifts, memorials and other bequests that are separate from the annual church income. Since that time, there have been thousands of individual donations. All donations are invested or used as directed by the donors.
Memorial Foundation funds have provided support for education and youth programs and for many other special projects and programs over the years. Total Foundation support for the church and its programs has exceeded 6.5 million dollars in the years since its inception.
Recent examples of Memorial Foundation activities include a $5,000 donation to the United Methodist Children's Services to help them purchase a new boiler. Foundation funds were also instrumental in supporting the installation of the new sanctuary sound system.
Why Give to the Memorial Foundation?
A gift to the Memorial Foundation is a demonstration of our caring, our faith in the future, and a good way to declare our commitment to the ongoing community impacts of our church. Your gift can offer us a kind of immortality by continuing to work on our behalf to help support our ministries long after we are gone. Your gift can also be used to reduce your capital gains, estate or income taxes.
What Are Some Ways to Give?
Gifts of Cash - Many of us already give memorial gifts in the names of friends or loved ones who have recently died. We can also provide for our own memorials by designating cash gifts in our wills. These can be designated for a specific purpose or may be made available for general use wherever the Foundation Committee identifies a need. Cash gifts in wills may be arranged in one of two ways; the will can provide for a fixed amount to be given to the Foundation or it can provide for a percentage of the estate.
Gifts of Securities - For many, gifts of stock or other securities have become more practical in recent years. Such a gift may have two tax advantages; the donor is able to avoid the capital gains tax and may claim full market value at the time of the gift as an income tax deduction.
Gifts of Life Insurance - Sometimes donors wish to give other items through the Foundation. For example, real estate is a very worthwhile donation where the tax advantages can be substantial.