What is the Foundation?
Established in 1975, the Foundation supports the charitable, educational, benevolent, and religious activities aligned with the church, its staff, their immediate families, the membership of the church, and the community in which we live and serve.
The Foundation has a current fund balance of approximately $425,000. These assets are held in a diversified portfolio of investments managed by the Greater Houston Community Foundation.
We Have Supported:
Our policy is to distribute up to 4% of invested funds annually. Recent examples of support include:
— College tuition scholarships for the children of church employees & members
— Funds to attend seminary for ministry staff and family
— Contributions to Medical Bridges and Caring Friends
We Plan to Support:
Our church is currently dependent on the annual stewardship campaign to fund its operation, ministries, and capital program. Unanticipated expenditures must be met through additional solicitation of the membership.
The long term goal of the Foundation Board is to grow the assets of the Foundation significantly in order to provide financial stability to our church and assist in funding special or capital intensive projects within the limits of the stated distribution guidelines.
Future Types of Support May Include:
— Contributions to West University United Methodist Church sponsored ministries.
— College tuition aid for church families or employees.
— Underwriting specific capital projects for the church campus and funding initiatives prescribed by the church strategic plan.
Ways to Give to West U Methodist Foundation
Support the Foundation with the gift of cash, electronic funds transfer, matching gifts, or securities. Checks can be written to “West University United Methodist Church Foundation” and left in the offering plate, or delivered or mailed to the church office.
Consider designating the Foundation as a beneficiary in your estate plan. The following language may aid you and your attorney in preparing your bequest to the West University United Methodist Church Foundation, Inc. (WUUMC Foundation).
I give, devise and bequeath to the WUUMC Foundation, a nonprofit corporation organized in accordance with the laws of the State of Texas for the purpose of supporting WUUMC Foundation, a charitable institution, located in West University Place, Texas.
a) the sum of $_______________________
b) the following described property _________________________________
c) _________% of the rest, residue and remainder of my estate.
Alternatively, you could designate the Foundation as a beneficiary to part or all of an IRA. This method has the benefits of not having to change your will, avoids paying taxes on the transfer, and provides additional flexibility should you need these funds in the future.
Donate all or part of the ownership of real estate property or business interests before a sale and receive a tax deduction for the full amount of the gift and avoid capital gains taxes as well.
For more information on the West U Methodist Foundation contact Senior Pastor, Rev. Carol Bruse.