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UUCS Legacy Giving How to leave a financial legacy to your Congregation Endowment Committee Unitarian Universalist Congregation of Sterling "What about.

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Presentation on theme: "UUCS Legacy Giving How to leave a financial legacy to your Congregation Endowment Committee Unitarian Universalist Congregation of Sterling "What about."— Presentation transcript:

1 UUCS Legacy Giving How to leave a financial legacy to your Congregation Endowment Committee Unitarian Universalist Congregation of Sterling "What about the seventh generation? Where are you taking them? What will they have?" - Oren Lyons, Chief of the Onondaga Nation The Endowment Committee is governed by a charter issued by the Board of Trustees of UUCS. The mission of the Endowment Committee is to provide stewardship over the funds in the endowment, encourage contributions, make investments consistent with the goal of 6-8% return with moderate risk and socially responsible goals, review and make distributions, and create reports for the Board and the Congregation. The endowment committee consists of three individuals appointed by the Board of Trustees of UUCS. For more information:

2 Ways to Leave a Financial Legacy What is an Endowment? With broad-based support from members through estate planning, bequests, planned giving, and gifts of appreciated assets, the UUCS Endowment Fund creates a financial legacy to support future operations of the church. Funds donated to the Endowment are invested with the intent of supporting the long-term needs of future generations of “UUCS’ers.” You can help plant the seeds today that will sustain our values for the future. Now more than ever before it is important to have an up-to-date will so that your final wishes will be honored. If you are considering a gift or bequest to the UUCS Endowment Fund, or if you have already made such a gift, please let us know, so that we may recognize your generosity and include you in our planning. 1.Make a donation of cash 2.Make a donation of appreciated assets like stocks 3.Make a bequest by including the UUCS endowment fund in your will Sample wording for bequests: I give (____ dollars/ ___ percentage) or all of the residue of my estate to the Unitarian Universalist Congregation of Sterling, a Virginia religious, charitable corporation, for the benefit of Endowment Fund of the church. 4.Create a charitable gift annuity A Charitable Gift Annuity pays a guaranteed fixed dollar amount to one or two people. The rate of payment is set when the gift is made and depends on who is being paid. For instance, older people are paid a higher rate than younger ones. Donors may choose to receive payments immediately upon making a gift, or to delay the first payment for a year or more (and enjoy a higher payment). Directed Gifts 1.Unrestricted Fund The Unrestricted Fund exists to help offset future financial liabilities of the Congregation. Once it reaches $50,000 the Congregation may begin drawing from it (not to exceed 5% per year) to help finance regular operations 2.Building Fund The Building Fund may be used at any time by the Congregation for the purchase of Capital assets including a building, chairs, tables, etc. 3.Membership Fund The Membership Fund is dedicated solely to the encouragement and growth of membership at UUCS This fund has reached $50,000 and is funding 5% per year to the Congregation for Membership related activities. 4.Music Fund The music fund supports the ongoing music programs of our Congregation. Once it reaches $50,000 the Congregation may begin drawing from it (not to exceed 5% per year) to help finance the music program.


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