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Endowment Fundraising

WHY AN ENDOWMENT FUND?

The Endowment Fund is intended to protect and advance financial support for our liberal religious beliefs for the next century, through gifts that will provide income to the Church in support of its mission.

Although the Church continues to operate primarily through the normal pledges and other contributions of members and friends, the Endowment Fund provides a way for members and friends to provide financial support for the ministry and mission of First Unitarian Universalist Church of Richmond, Virginia for years to come from the income generated by accumulated resources.

GIVING TO THE ENDOWMENT FUND

Your contribution to the Endowment Fund, no matter how large or small, will be appreciated and will make a difference for this Church community.

If you wish to make a cash gift to the Endowment Fund, the Church has a special form for you to complete to confirm that you want your gift to go to the Fund, and you will receive a tax receipt for your donation.

Gifts to the Endowment will become part of the General Endowment of the Church. Under current gift guidelines, a gift of $25,000 or more will, if so requested by the donor, be maintained as a separate fund within Endowment, in accordance with the donor’s instructions on how those funds are to be used.

A gift to the Endowment Fund is an excellent way to provide a lasting memorial for a loved one, or honoring someone living on a special occasion such as a birthday, anniversary or other special event or achievement.

There are many other types of gifts, both current and future, that can be made to the Endowment Fund. A decision to give such a gift to the Endowment Fund is a thoughtful and careful process. Gifts may come from current income sources or may be part of your will or other estate planning documents. You may wish to consult with your financial advisors in order to determine what is best for your financial situation now and in the future, and to make the best use of your generosity while protecting your own financial security as you create a legacy for the Church.

DONOR RECOGNITION

Contributions to the Endowment are categorized based on cumulative lifetime gifts to the Endowment by a donor. A special category exists for those who have made provisions in their estate plans for the Endowment. A public recognition display is located in the foyer of the Church near the doors to the library. Donors will not, however, be publicly recognized as members of any category without their permission.
Cumulative Lifetime Gifts Category Name
Less than $1,000 Belvidere Society
$1,000 – $4,999 Floyd Society
$5,000 – $9,999 Harrison Society
$10,000 – $24,999 Douglasdale Society
$25,000 and up Blanton Society

Those who have made provision in their estate plans for the Endowment are members of the First Church Bequest Society.

Contributions in memory of or in honor of an individual are aggregated and placed in the appropriate Society under the name of the person being honored.

STRUCTURE AND OPERATION OF THE ENDOWMENT FUND

The Endowment Fund, maintained as a separate fund in the Church’s financial records, will help secure, strengthen and extend the long term health and growth of the Church.

The Endowment Fund Committee (“Committee”) is the custodian of the Fund. The Committee consists of voting members of the Church, generally with a term of three years for each member. The minister and the President of the Board of Directors are advisory members of the Committee.

The Committee reports to the Board of Directors and at each annual or special meeting of the congregation, renders a full accounting of the administration of the Fund during the preceding year.

The books of the Fund are audited annually by a certified public accountant or other appropriate person who is not a member of the Committee or the Board. Additional reporting and audit requirements are set forth in the Plan of Operation for the Fund (LINK). Distributions are made in accordance with the guidelines set forth in LINK.

All assets are held in the name of the First Unitarian Universalist Church of Richmond, Virginia Endowment Fund, and in accordance with fund management and investment policies approved by the Board, and subject to applicable state law, including Virginia’s Uniform Management of Institutional Funds Act.

The Committee shall abide by and keep a record of the terms and restrictions of all gifts to the Fund, and shall determine what is income and principal according to accepted accounting principles.

A permanent record has been compiled to document all the gifts that have been made to date to the Endowment Fund, and to provide a place for future gifts to be recorded. Also, there is a public display to acknowledge those who make gifts to the Endowment either currently or through their wills and estate plans, and who are willing to be so recognized.

KEY DOCUMENTS

First Unitarian Universalist Church Endowment Fund Plan of Operation

First Unitarian Universalist Church Endowment Fund Management, Investment Policies and Gift Acceptance Guidelines

FOR MORE INFORMATION

For more information about the Endowment Fund, please contact the Church President or email the chair at endowment@richmonduu.org.

Upcoming Events
  • Wednesday, Jul 30

    UU Singers Rehearsal

  • Wednesday, Jul 30
    5:30 pm
    Vespers

  • Thursday, Jul 31
    7:00 pm
    Zen Meditation

  • Sunday, Aug 3
    10:00 am
    Service, Nursery & Pre-K

  • Sunday, Aug 3
    11:00 am
    Small Group Sign-Ups

  • Monday, Aug 4
    6:00 pm
    Leadership Development Committee

  • Wednesday, Aug 6
    5:30 pm
    Vespers