OVERVIEW
The Endowment Program is a special program of giving above and beyond the regular contributions made to Vale UMC (Vale). It is being established to provide long-term funding within the overall Financial Structure of Vale UMC. The endowment is in addition to funds for the normal and general operation of the church.
The Endowment Program fund(s) are structured so that the principal amount adjusted for inflation is kept intact while the investment income is available for use. This allows the donation to have an impact over the life of Vale UMC rather than being spent all at once. Such stability is the main reason to have an endowment.
An Endowment Committee will serve as the caretaker of the Endowment Program.