We're so excited to be retiring our Campaign for Restoration loan in June 2017, and we want to celebrate our collective hard work this July! We're planning a celebration, so stay tuned for the details.
In Finance, we are trying to find ways to save money on our expenses. A couple of the financial victories we've had lately include:
- The new boiler is far more energy efficient, cutting our annual heating bill by $9,000 as compared to 2014
- Paying off our Campaign for Restoration loan early will save us $3,000 to $5,000 in interest payments
- Our business manager has negotiated our AT&T rates down, resulting in about $700/year savings for phone and internet service for the building
As of the first week of March, 62 giving units in the congregation have already fulfilled their 2016 pledges. As well, 13 people/families have decided to continue their restoration pledge after June 30 and use it to increase their church budget pledge - what a blessing!
What to watch for:
To make giving easier, FUMC staff are working on rolling out a QR code (so you can offer to FUMC with a tap on your smart phone)! This roll out happened in May 2017. Please find the QR code on the back of the announcements each Sunday.
Appeals for Lent included:
- Second mile offering to support FUMC Senior ministries
- The upcoming Youth Mission Trip stock sale
- Defraying the cost of the United Mission Children's Services' new boiler (the Foundation is matching up to $5,000)
A quick look at FUMC finances (as of March 1):
Campaign for Restoration loan balance: $67,458 (a payment of $150,000 was made in February)
Pledges that will be unfulfilled in 2016 due to deaths or moves: $32,000
The amount, as of February 2017, by which expenses exceed revenues: $16, 385
The Memorial Foundation was organized in December 1971 to provide a vehicle for individuals to make bequests, memorials and other gifts that are separate from the annual church income. Since that time, there have been thousands of individual memorial donations to honor persons who have died. 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 one million dollars in the years since its inception.
Why Give to the Memorial Foundation?
A bequest 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.