The Permanent Endowment Fund (PEF) of the Vista de la Montaña United Methodist Church was established in 2002 for the purpose of providing members and friends with opportunities to make gifts to the church that will provide lasting financial support and a living memorial. The endowment program is intended to support projects/programs that are not a part of the church’s operating budget.
Gifts to the PEF can be either designated or undesignated. Designated gifts will fall into one of the following categories:
Distributions from designated categories will not be made until the funds in the category reach fifty thousand dollars. However, projects in any of the above categories may be supported with undesignated funds.
The donor’s wishes determine the category of the gift. While there are many ways to contribute to your fund, the most popular are a cash donation (link below) or a bequest made as part of your will or estate plan (link below).
The endowment funds are professionally managed by the Investment Management Service of the Desert Southwest United Methodist Foundation. Their investment strategy is preservation of principal value and the purchasing power of assets in relation to market inflation and deflation. The foundation provides monthly financial statements to your endowment committee detailing earnings, expenses and contributions. A portion of the annualized net return is available for distribution.
The fund makes distributions in any given year based on net earnings from the previous year. A grant procedure (link below) is used to define the project and estimate the cost. The grant request is reviewed by the endowment committee with final approval from the church council.