When your church or agency is considering a long-term investment of endowment
funds, scholarship funds, or cemetery funds, we recommend an on-site
consultation with a member of the Foundation staff. Such a consultation is
provided without any cost or obligation to your church or agency. We have over
40 years of experience working directly with United Methodist churches and
agencies, and can provide valuable suggestions regarding policies, traps to
avoid, and best practices for encouraging additional gifts.
Request for Services
If you desire to open an account with the Foundation, please download and complete the Account Opening Information Sheet. To help with filling out the Account Opening Information Sheet, Instructions are also provided. Please fill out the Account Opening Information Sheet and Save it. This Sheet, your Memorandum of Agreement, and an initial deposit will establish your account. If you have any questions about this process, please contact us.
Whenever funds are placed with the Foundation, a document known as a “Memorandum of Agreement” is established. In this agreement, the church identifies the following:
Though the Foundation will guide your church in answering these concerns, the ultimate responsibility for establishing them will rest with your church. However, once the Memorandum of Agreement is completed, the Foundation will require your church to follow the established guidelines.
Deposits will be accepted subject to the following:
Withdrawals will be permitted subject to the following:
Remember — a request for a withdrawal must follow the guidelines established in your account’s memorandum of understanding.
The Core Balanced Account will utilize a “total return” approach, as contemplated by Pennsylvania Act 141, to determine the amount of its income distributions. This methodology bases income distributions upon the combination of interest, dividends, other earnings, and capital appreciation/depreciation.
Distributions of the Core Balanced Account may be reinvested if the unit holder so desires. Any distribution so reinvested will buy units on the day following the valuation at the unit value on the valuation date. Reinvested income is principal.
The Aggressive Account will not make regular distributions. Account holders may choose to set up regular withdrawals at their discretion and as determined by their own internal formula. This amount shall be set on an annual basis and communicated to the Foundation office before the end of the preceding calendar year.
The Income and Growth Account will not make regular distributions. Account holders may choose to set up regular withdrawals at their discretion and as determined by their own internal formula. This amount shall be set on an annual basis and communicated to the Foundation office before the end of the preceding calendar year.
When an income-distribution frequency other than quarterly is chosen for the Core Balanced Account, the income that has accrued to the account in the intervening quarters is automatically reinvested in the account.
It is also possible to have the income of an account reinvested for a period of years or until the value of the account reaches a pre-determined dollar value.
If there are any other questions or comments about account openings, deposits, withdrawals, or distributions that you would like to discuss, please send us an email.
United Methodist Foundation
of Western Pennsylvania
223 Fourth Avenue, Suite 707
Pittsburgh, PA 15222
The Foundation is a ministry established to provide United Methodists with the resources to accomplish collectively more than can be accomplished alone. We act in accordance with our mission statement and a funds management approach that is based on a Biblical, theologically sound form of Christian stewardship.