Legacy Fund

The Legacy Fund was created in 2004 to provide an endowment-like fund to allow members to provide gifts, bequests and a variety of financial trusts to support ministries of the First United Methodist Church. The fund operates by placing funds into a pooled investment account under the control of the Board of Trustees.

Members who give to the Fund or have designated monies or trusts to support the Legacy Fund are members of the Legacy Fund society.  Society members meet periodically for financial planning seminars.  Legacy Fund society members are recognized on a special plaque in the church narthex. 

    See Legacy Fund member testimonials.

Unless otherwise specified all gifts to the fund are unrestricted as to use. The purpose of the fund, however, is to operate like an endowment with all gifts protected in the corpus. A portion of the earnings from the fund may be allocated each year to support continuing ministries of the church.

At the end of 2009, the fund contained nearly $900,000.00 and has not made any distribution of earnings. In 2010, a portion of the fund was moved to US Bank Private Investment to serve as collateral on a $350,000.00 loan to the church. Earnings distributions are unlikely while the fund serves as collateral.