1996 Book of Discipline: Paragraph 2533| General Conference 2000

ś 2533. Permanent Endowment Fund Committee--A charge conference may establish a local church permanent endowment fund committee. The purposes for establishing such a committee include the responsibilities to:

1. Provide the services described in ś 2532.5 as designated by the donor or at the direction of the charge conference upon notice to the board of trustees. Consideration shall be given to the placement of funds with the conference or area United Methodist foundation, or local church foundation, for administration and investment.

When the charge conference has designated the committee to provide the services described in ś 2532.5, the committee shall have the same investment and reporting duties as are imposed on the board of trustees in that paragraph.

2. The charge conference shall adopt guidelines for action by the committee on planned giving and/or permanent endowment fund. Subject to the direction and supervision of the charge conference, the committee shall fulfill its responsibilities in administering the planned-giving and/or permanent endowment fund.

Following each General Conference, the charge conference shall update any required changes in the planned-giving and/or permanent endowment fund documents.

3. Emphasize the need for adults of all ages to have a will and an estate plan and provide information on the preparation of these to the members of the congregation.

4. Stress the opportunities for church members and constituents to make provisions for giving through United Methodist Churches, institutions, agencies, and causes by means of wills, annuities, trusts, life insurance, memorials, and various types of property.

5. Arrange for the dissemination of information that will be helpful in preretirement planning, including such considerations as establishing a living will, a living trust, and the need for each person to designate someone to serve as a responsible advocate should independent decision-making ability be lost.

6. Permanent Endowment Fund trustees are directed by the charge conference to follow the guidelines and actions initiated by the charge conference, overturn any transaction that the charge conference may deem excessive, and remove any trustee who does not carry out the directions of the charge conference. Careful attention will be given to the election of trustees to ensure that there is no conflict of interest. Following each General Conference, the permanent endowment document shall be brought into line with any changes in the Discipline.

7. Other responsibilities as determined by the charge conference.

8. Resources for these tasks may be secured from conference and/or area United Methodist foundations and development offices, from the General Board of Discipleship, and from other appropriate sources for program assistance and direction.



	1996 Discipline ¶ 2533
	ś 2533. Permanent Endowment Fund Committee--A charge conference may establish a local church permanent endowment fund committee. The purposes for establishing such a committee include the responsibilities to: 1. Provide the services described in ś 2532.5 as designated by the donor or at the direction of the charge conference upon notice to the board of trustees. Consideration shall be given to the placement of funds with the conference or area United Methodist foundation, or local church foundation, for administration and investment. When the charge conference has designated the committee to provide the services described in ś 2532.5, the committee shall have the same investment and reporting duties as are imposed on the board of trustees in that paragraph. 2. The charge conference shall adopt guidelines for action by the committee on planned giving and/or permanent endowment fund. Subject to the direction and supervision of the charge conference, the committee shall fulfill its responsibilities in administering the planned-giving and/or permanent endowment fund. Following each General Conference, the charge conference shall update any required changes in the planned-giving and/or permanent endowment fund documents. 3. Emphasize the need for adults of all ages to have a will and an estate plan and provide information on the preparation of these to the members of the congregation. 4. Stress the opportunities for church members and constituents to make provisions for giving through United Methodist Churches, institutions, agencies, and causes by means of wills, annuities, trusts, life insurance, memorials, and various types of property. 5. Arrange for the dissemination of information that will be helpful in preretirement planning, including such considerations as establishing a living will, a living trust, and the need for each person to designate someone to serve as a responsible advocate should independent decision-making ability be lost. 6. Permanent Endowment Fund trustees are directed by the charge conference to follow the guidelines and actions initiated by the charge conference, overturn any transaction that the charge conference may deem excessive, and remove any trustee who does not carry out the directions of the charge conference. Careful attention will be given to the election of trustees to ensure that there is no conflict of interest. Following each General Conference, the permanent endowment document shall be brought into line with any changes in the Discipline. 7. Other responsibilities as determined by the charge conference. 8. Resources for these tasks may be secured from conference and/or area United Methodist foundations and development offices, from the General Board of Discipleship, and from other appropriate sources for program assistance and direction.
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1996 Discipline ¶ 2533