Nowata United Methodist Church Endowment Fund
What is the Endowment Fund?
The Endowment Fund was initially established by Wayne Fry and Bill Brown, both of whom have entered into the Lord's care. It was meant to be a financial buttress for our church’s financial health, which has had many ups and downs in the past. Over time, this fund has become a blessing to honor the saints of our past.
The nature of the fund is that the principle (the gifts in the fund) is protected and preserved throughout the years. The unique way in which these gifts are invested allows them to continue growing over time while generating a significant amount of income, currently 5% of principle, which can then be used to cultivate our ministry while honoring the memory of our donors.
For example, one gift of $50,000 placed in the Endowment Fund will generate $2,500 every year in support of the ministry for generations to come!
Who contributes to the Endowment Fund?
We invite anyone and everyone to give to this fund. Each one of us demonstrates our commitment to good works in different ways and this is simply another tool that we can use to enhance the good we do in our community.
Our Endowment is also meant to be a memorial to those who have gone before us to prepare the way. Below is a list of all the money given to this fund, noted by the names of those honored by those gifts. We hope that, as we continue to focus on those persons who made this church what it is, those among us who remember and honor them will contribute to this fund in honor of their dearly departed.
In memory of James Arnold
In memory of Janet Berry
In memory of Wendell and Jarrett Clingan
In memory of Jawan Covey
In memory of Norman and Hollis Fry
In memory of Patty Fry
In memory of Wayne Fry
In memory of William and Bobbie Griffin
In memory of Calvin Harris
In memory of Helen Landers
In memory of Martha Maddux
In memory of W. E. Maddux
In memory of Barbara Moore
In memory of Claudean Myers
In memory of G.L. Myers
In honor of Charles and Joan Price
In memory of Duane Selvey
In memory of Pauline Gibson Selvey
In memory of Frances Wallace
In memory of Noel and Wanda Watkins
Who Manages the Endowment Fund?
The Endowment Fund monies are administered by the Oklahoma United Methodist Foundation. They are a ministry partner of the Oklahoma United Methodist Annual Conference and currently manage more than $300 million across our conference for local churches and related ministries.
Wespath Investment Management, a general agency of the United Methodist Church, is the Foundation's primary investment manager. They exclusively deal with the United Methodist Church, investing clergy pension dollars and endowment funds for UM Foundations. Their investment portfolio is in excess of $21 billion. Their investment philosophy is based on a long-term, highly diversified, and disciplined strategy with a proven track record. They choose their companies to support based on the UMC's Social Principles, found in our Book of Discipline. That means all monies generated are from investing in moral companies. Wespath uses their investing power to affect the business practices of very large corporations, helping them to be more transparent and honorable in their dealings. They also invest in international microfinance companies, which directly benefit the poorest of the poor around the world. So any money you give to this fund will be used to be a blessing, not only to our church, but tens of thousands of poor folks across the developing world.
How is the money used?
The trustees of our church, in consultation with the administrative board, manage and distribute the funds generated by our Endowment Fund. The fund is meant to add to the ministries of the church, so it is right that, from year to year, funds may be designated for different purposes. The idea is that those who have the best picture of the needs of the church are able to use this money to offset the demands of an annual budget. As the fund grows, the general ministries of our church will be multiplied, as we can increasingly supplement the ministries of the church. In time, our church will be a powerhouse of God's transformative work in the community, as our financial witness perpetually grows. Our church's significant financial commitment in the community will be the ultimate tribute to those saints who built this church and dreamed of it transforming our community.
How can you contribute?
There are a number of ways that you may make a gift to the Endowment fund.
The first, and the most simple, is through an immediate gift of either cash, securities, or property. These charitable gifts offer unique tax benefits and will have an immediately observable impact on the ministry.
Another way to give is through your estate plan. Many Methodists enjoy the ease of giving a small percentage of their estate to the ministries they’re most passionate about. A 10% “tithe” of your will is an easy addition to your estate plan and can be included at any time with little to no cost.
Our dream is to faithfully grow our Endowment so that if may be a source of life here in Nowata.