Charge is to prioritize mission work of DFUMC and in the community. May be used for any purpose that furthers the mission of DFUMC.Includes named gifts, as follows:
A.H. Ham McAfee Memorial
The Carrie Hoffman Educational Endowment Fund
William C. (Bill) Fox Memorial Fund
Smith-Barrett Memorial Fund
The Stephen Furse Memorial Fund
The Betty Pelton Fund
The Safford Harris Bequest
The Wilberth Mills Mewborn Memorial Fund
general maintenance fund
To provide for major maintenance of church facilities and properties not provided for in the operating budget.
RAY FIGART MEMORIAL FUND
To provide for major maintenance of church facilities not provided for in the operating budget.
The Renfroe Fund
To support and improve the kitchen facilities for needs not included in the operating budget.
The Eleanor Stillwell Fund
To provide for major maintenance of church facilities not included in the operating budget.
The lee hale Brown Fund
To provide for the operation and improvement of the DFUMC Kindergarten and Preschool, including scholarship assitance for worthy applicants. This fund is administered by the Board of Directors of the school.
Lori Taylor Dunn/Shirley P. Taylor Scholarship Fund
To provide assistance to persons enrolled in college or more advanced studies. This is not limited to tuition assistance.
General Scholarship Fund
To provide scholastic assistance to worthy applicants. Includes named gifts, as follows:
The Robert P. Shinall, Jr. M.D. Memorial Fund
The Mary Steele Morgan Fund
The Carol Turner Jenkins Scholarship Fund
Virginia Grimaud St. John Fund
To support the music ministry of DFUMC.
To enhance and support the worship and music ministries of DFUMC. Includes named gifts, as follows:
The Edna W. Figart Chancel Memorial Fund
The Katie Paine Fund
Pastor’s discretionary fund
To address human needs at the discretion of the Senior Minister. Includes named gifts, as follows:
The Ben McGriff Memorial Fund
The W. Wayne Garwood Fund
Children’s Ministry Fund
To support the children’s ministry of DFUMC. Includes named gifts, as follows:
The Odille Ousley Memorial Fund
The Anne Morris Henderson Memorial Fund
THE JULIA T. GARY FUND FOR DEAM
Income to be paid to DEAM each year
THE JULIA T. GARY FUND FOR MISSIONS
To be used to assist projects of the church’s outreach mission
Any person or group of persons making a bequest, devise, trust, living trust or gift in the amount of $100,000 or more to the Fund may name it as a memorial or in honor of someone, may designate the purpose or cause which is consistent with the program and ministry of Decatur First United Methodist Church, Inc. and the United Methodist Church, upon approval of the Committee. Forms for requesting establishment of a new Fund may be obtained in the Finance Office. Gifts of less than $100,000 will be added to the General Trust Fund or the Legacy Fund, unless the donor specifies the gift be placed in one of the existing designated funds.
types of assets
Gifts of any size are welcome and are a tax-deductible donation. Cash, insurance policies and publicly traded securities may be gifted without restriction. A 401k or IRA are excellent vehicles since a non-charitable heir would be taxed at regular income tax rates whereas a charitable beneficiary would not be subject to tax. Closely-held securities, real property, intangible personal property and other types of property may be gifted in accordance with the “Gifts Acceptanct Policy.”Gifts may be made in the form of outright gifts during lifetime or at death through a will. An IRA or insurance policy can be conveyed with the designation of Decatur First United Methodist Church as the beneficiary. Additionally, gifts may be made through trusts during lifetime or at death. The Endowment Fund Committee and the Financial Secretary can assist you in specifics of transfer.