“One generation shall commend your
works to another and shall declare your
mighty acts.” Psalms 145:4
“Chamblee First means more to us than words can express, and we hope to leave a legacy that will allow the church to continue serving as a beacon of Christian ministry in the community and have a lasting impact on future generations at Chamblee First. With the creation of the Permanent Endowment Fund, we can make that hope a reality.”Russ and Brittany Dunlap
WHAT IS A PERMANENT
A Permanent Endowment Fund gives members and friends of Chamblee First UMC an opportunity to make charitable gifts to the church. The principal of this fund is never touched, but its earnings are available for distribution at a predefined rate to support church ministries over time. Investments are managed by the Georgia United Methodist Foundation (www.gumf.org) and Wespath under the auspices of Chamblee’s Endowment Committee.
“Each of you should give what you have decided in your heart to give, not reluctantly or under compulsion, for God loves a cheerful giver.”2 Corinthians 9:7
IN WHAT FORMS MAY GIFTS BE MADE?
Gifts may be made in the form of outright gifts during your lifetime or at death through a will. An insurance policy or IRA can be conveyed with the designation of Chamblee First UMC as the beneficiary. Also, gifts may be made through charitable trusts during your lifetime or at death. The Endowment Committee and Financial Manager can assist you in the specifics of transfer.
WHAT TYPE OF ASSETS MAY BE GIFTED?Gifts of any size are welcome and are a tax-deductible donation. Cash, insurance policies, and publicly traded securities may be gifted without restriction. 401(k)s and IRAs are excellent vehicles since a noncharitable heir would be taxed at regular income tax rates while a charitable beneficiary would not be taxed. Closely-held securities, real property, intangible personal property, and other types of property may be gifted in accordance with the Gifts Acceptance Policy.
WHAT MINISTRIES DOES THE ENDOWMENT FUND SUPPORT?
Endowment gifts create a meaningful legacy that provide for vital ministries that may not be funded through the regular giving of our congregation. Contributions in any amount may be designated for any of these established funds:
• General Endowment
• Capital Improvements & Unbudgeted Property Maintenance
• Children’s Ministries
• Youth Ministries
• Music & Arts
A new fund may be established with an initial investment of at least $20,000.