Northaven Covenant Funds
This fund contains pre-designated fund categories for projects which are not funded by the operating budget of the church. A few examples are:
- Church building
- Music & Fine Arts
- Outreach programs
- Christian education
- Lecture Series
- New member outreach
We welcome all contributions designated for the Tribute Fund which can be put to work immediately in many areas.
A donation may be designated for an immediate need of the church, an interest of the donor for a project not funded by the operating budget, or undesignated to be used as appropriate requests are made.
Larger contributions are welcomed and encouraged to fund the Endowment Fund. This fund provides members and friends of Northaven an opportunity to make gifts to the church that will become a permanent endowment of financial support and a living memorial. These gifts are placed at The Methodist Foundation in Austin and invested in balanced equity funds. A small amount of income on these investments is used each year for special requests for out-of-budget items of the church.
The Permanent Endowment Fund is invested with . The Endowment Fund yearly withdrawal is used exclusively for purposes such as:
• Experimental ministries
• New outreach
• Special mission projects locally and beyond the local church
• Unusual expenses for the maintenance, repair, alteration and replacement of the real and personal property owned by Northaven UMC
Requests for distributions consistent with these purposes are encouraged. Please contact the chair of the Covenant Funds Trustees.
Covenant Funds Trustees sponsor educational seminars on life planning issues such as Wills and Estates, Charitable Giving, and Retirement Planning.
Grants from the Covenant Funds in 2015:
• Vans for two youth mission trips
• A new curriculum for Vacation Bible School
• Headset microphones for use in worship services
Charitable Gifts to the Northaven Covenant Funds
Gifts are welcomed and encouraged from members and friends of Northaven UMC. Such gifts can be made by direct donation, by testamentary gift under a Donor’s Will or Trust, or through a Charitable Trust.
Guidelines for Making a Testamentary Gift to Northaven
Making a gift through a Will or Living Trust
There are 3 options for making a gift through your Will or Living Trust:
• Determine a specific dollar amount you wish to give,
• Determine a percentage of the estate you wish to leave,
• Select a specific asset held by the estate, as long as it passes under the Will.
An example of the latter would be an investment asset, such as shares of stock held by a brokerage account that passes under the Will.
To implement a change to your Will or Living Trust, a codicil to the original document must be prepared to outline your wishes. An attorney should be consulted to discuss your wishes and prepare the document, which is normally a very simple document that can be prepared quickly with minimal time involved.
You can view the content of the flyer for the web, as well.