Aldersgate United Methodist Church (UMC) Permanent Endowment Program
(PEP)
Donation Guidelines
Cash
Any cash
payment directed to the Permanent Endowment Program (PEP) should specify either
the undesignated Permanent Endowment Fund* or a designated endowment fund (e.g.,
Mission Endowment Fund, Property Endowment Fund, Donor/Named Endowment Fund).
Checks
Any check directed
to the PEP should be Made Payable To: Aldersgate
UMC, and in the For section of the check, specify either Permanent Endowment
Fund* or a designated endowment fund (Mission Endowment Fund, Property
Endowment Fund, Donor/Named Endowment Fund).
Appreciated Securities
Any securities (stocks, mutual funds, bonds, etc.) directed to the PEP
should first be discussed with the Permanent Endowment Fund (PEF) Committee as there
are tax implications/savings information that can be provided.
Property Transfer
Any
property (land, real estate, personal items, etc.) directed to the PEP should first
be discussed with the PEF Committee to confirm transfer procedures and their
acceptance of the property.
Life/Term Insurance and Annuity
A beneficiary designation from an life/term insurance
policy or annuity directed to the PEP should specify in the Beneficiary Section
the church to receive the gift; either the undesignated Permanent Endowment
Fund* or a designated endowment fund (Mission Endowment Fund, Property
Endowment Fund, Donor/Named Endowment Fund); and dollar amount or percent of estate. Example wording such as: “Aldersgate United
Methodist Church, 6610 Vaughn Road, Montgomery, Alabama 36116, to benefit the Permanent
Endowment Fund ($$$$ or XX %).”
Will Bequest
A bequest
in a Will directed to the PEP should specify the name of the church to receive the
gift; either the undesignated Permanent Endowment Fund* or a designated
endowment fund (Mission Endowment Fund, Property Endowment Fund, Donor/Named
Endowment Fund); and dollar amount or percent of estate. Example wording such
as: “I devise and bequest of my estate ($$$$ or XX %) to the Permanent
Endowment Fund or its successor, and ($$$$ or XX %) to the Mission Endowment
Fund or its successor, to benefit Aldersgate United Methodist Church, located
in Montgomery, Alabama.”
Charitable Gift Annuity
A gift annuity with the Alabama-West Florida United Methodist Foundation
should specify either the undesignated Permanent Endowment Fund* or a
designated endowment fund (Mission Endowment Fund, Property Endowment Fund, Donor/Named
Endowment Fund). Example wording such
as: “Permanent Endowment Fund, Aldersgate UMC, Montgomery, Alabama”.
* Note: Any of the
above gifts donated to Aldersgate UMC’s PEP without specifying a endowment fund
will be directed to the undesignated Permanent Endowment Fund.