Endowment Fund Advisory Committee

Endowment Fund

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Frequently Asked Questions

What is the Endowment Fund?
How is the Fund administered?
How is the Fund managed?
When is income disbursed?
How is income disbursed?
How can I give to the Fund?
Whom can I call?

What is the Endowment Fund?
The Unity Church of Dallas Endowment Fund is a vehicle designed to receive gifts and appreciated resources from members, their families, and friends. It is a perpetual Fund from which only the earnings are distributed for furthering UCD’s mission. The Fund is separate and distinct from day-to-day operating funds of the church that are provided by members’ tithes and offerings.

How is the Fund administered?
The Endowment Fund Advisory Committee, a seven-member standing committee of UCD, is chartered with making policy decisions and implementing these policies in relation to the professional management team and disbursement of the gifts as well as counseling and communicating with members.

How is the Fund managed?
The Fund is professionally managed by Communities Foundation of Texas and provides income to the church based upon our Fund’s market value. The income will provide support for UCD’s target ministries as set forth in the Endowment Fund Advisory Committee Bylaws.

When is income disbursed?
The Fund is intended to exist in perpetuity, which means the principal investment will not be diminished by withdrawals. A portion of the income generated will be available for distribution on an annual basis at the discretion of the Endowment Fund Advisory Committee. The more our Fund grows, the greater the increase in the income available for distribution.

How is income disbursed?
30% - For capital improvements, a building program, or mortgage debt reduction (not to include regularly scheduled amortization payments) of UCD.

30% - For outreach to the community in support of the programs of the church, in coordination with the Unity Movement, and/or for the wider mission of the Unity Movement at home and abroad (e.g. Silent Unity, Unity School, colleges and universities, new church development, educational ministries, disaster relief, etc.). Such allocations are in addition to the church outreach budget.

For educating, advertising and marketing UCD to the general public; scholarships or grants to members of UCD for the purpose of attending ministerial school, Licensed Unity Teacher training, or other training which enables members of this congregation to grow in faith and service to the Unity Movement.

30% - For the goals of the Endowment Fund Advisory Committee. Funds are not to be expended for any part of the regular operating budget of the church. At the discretion of the Endowment Fund Advisory Committee, grants from the Fund may be allocated to special requests, projects or programs of the church that are non-recurring expenditures.

10% - For a tithe to the UCD general Fund.

How can I give to the Fund?
Outright Gifts can be cash, stocks, bonds, real estate.

To make a cash gift, make your check payable to Communities Foundation of Texas and mail to them at 5500 Caruth Haven Lane, Dallas, Texas 75225. Be sure to indicate Unity Church of Dallas Endowment Fund #05488 on your check.

Gifts by Specific, Residuary, or Contingent Bequests are the giving of assets through a will or revocable living trust. There are three types of bequeaths: specific/primary bequests of a dollar amount, a percentage of your estate, or a specific piece of property; residuary bequests which designate the Fund to receive the remainder of your estate after all Specific Bequests have been made; and Contingent Bequests which designate the Fund as the beneficiary if other beneficiaries do not survive the Testator or Grantor.

Beneficiary Designations are accomplished by naming the Fund as a beneficiary in a retirement plan, bank account, certificate of deposit, charitable trust or other charitable vehicle, life insurance policy or other contractual agreement where UCD is the only one or one of several beneficiaries. Never make a beneficiary change, however, before consulting your professional advisor who has expertise in these matters.

Individual Plans can be customized and gifts can be given anonymously or in memory or in honor of someone. Income from the gifts will be used toward UCD’s needs as outlined in the Fund’s Disbursement Directive.

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