Endowments can be a huge blessing to the church or ministry that you love, but few people understand how it works. I’m not sure I do the best in explaining it in this video, but imagine if one of the biggest annual givers to your church is a dead person. That’s what an endowment can do. We have people that have faithfully supported the church for 20, 30, 50 years, and they wish they could support it for 50 more. An endowment will allow them to do that.
A properly managed endowment reminds us of the saints that came before us and provides on indefinite and growing stream of income to the church. You also don’t need to be a multi-millionaire to establish an endowment that will bless the church for generations. A $10,000 endowment will generate close to $500/year for the church. That’s $500 that could be sending kids to camp or paying for Sunday School materials.
Check out the video below:
Useful Links
- Talk to Dakotas UM Foundation about establishing endowment: https://www.dakotasumf.org
- Financial Foundations Webinar on Endowments: https://youtu.be/LO-3qZv0ejQ
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