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Start the New Year with creating a plan to make a permanent gift to the United Methodist Church of New Lenox Endowment Fund during your lifetime. A planned gift to the Endowment Fund will help ensure that the ministries that have meant the most to you in your lifetime will continue into the future. You do not have to be wealthy to give. You may make gifts in memory or in honor of friends and family, make a bequest in your will/trusts, and assign an insurance policy or transfer stocks and bonds. With planned giving, you decide what to give and how to give it. Many planned gifts offer certain advantages to both the donor and the church. Contact the office for more information.

Your gift to the Endowment Fund becomes an everlasting, ever giving donation, bringing joy and satisfaction to you-the donor, and your family.

Purpose

The Permanent Endowment Fund of the United Methodist Church of New Lenox, IL, hereinafter referred to as the Endowment Fund, has been established to broaden the church’s financial base. It will provide an important source of financial support and stability for the future of our church. The Endowment Fund will fund projects of the Church not funded through the annual operating budget.

The principal of the Endowment Fund will remain intact, (unless an extreme emergency situation) establishing an additional permanent source of income for our church. Your gifts will continue to grow.

Current Funds

  • Unrestricted
  • Art Nelson Scholarship
  • Dick Swanson Scholarship
  • Loverude Scholarship
  • Teague Scholarship

FAQ’s

Is an endowment gift tax deductible?

Yes, your gift has the same tax benefits as your other gifts to the church or any charitable organization. Other tax advantages are available by creating a “Remainder Trust” or funding an endowment through your “Will.”

What types of gifts are accepted?

Bequest by Will/Living Trust, Charitable Gift annuity, Gift of Retirement Plan Proceeds, Assignment of LIfe Insurance, Transfer of Property (e.g., Cash, Stocks, Bonds, Real Estate, etc.)

I see it takes $– to set up a new endowment fund, but how much do I have to give to make a contribution to an existing endowment fund?

Any size contribution may be given to our existing funds. The $– minimum gift is designed for starting a new fund with a specific purpose and it is usually named in honor or in memory of someone.

What if I want to leave a large gift to our church. Would you be able to receive the gift and help structure the investment and distributions?

Yes. We are here to help with your request and will be glad to consider customizing a fund that will meet your objectives.

For More Information

To read and/or print the Endowment pamphlet, click here.

If you would like to discuss the possibility of leaving a gift to the church or establishing a named endowment, please contact one of the Pastors or a member of the Endowment Committee,

Lorine S. Samuels

Chairman

(815) 485-3564

Email Me

Ronald Myotte

Vice Chairman

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Michael Gallagher

Treasurer

(815) 463-4720

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Office

(708) 957-0022