Endowment/Legacy Fund

Oak Ridge UMC has a long history of extravagant generosity. We are excited to announce that we have a new way to create a permanent and living memorial. As of April 2, 2015 we have an endowment fund known as The Oak Ridge Legacy Fund. As the name suggests, this Fund allows members to leave a legacy for future generations. Gifts given to the Legacy Fund are invested with the United Methodist Foundation of Western North Carolina and the interest from the gifts will be used to maintain the facilities and the ministries of the church. An endowment gift may be made at any time, frequently in honor or memory of an individual or as part of an estate plan.

The Legacy Fund will strengthen our church so that we may continue to share God’s love even in difficult economic times. Because only the interest is distributed for use, each gift makes a lasting contribution through the life of Oak Ridge United Methodist.

Giving to the Endowment Fund

You may give to the Legacy Fund’s General Fund or designate one of the specific ministries listed below.  In the cases of honorary or memorial gifts commemorating special persons or events the Legacy Fund mails acknowledgments to both donors and honorees. Anonymous gifts are also accepted.  Types of gifts include cash; publicly-traded securities; closely-held securities; real property; tangible personal property; other property; bequests (wills); charitable remainder trusts; life estate gifts; life insurance; individual retirement accounts (IRAs); gift annuities; and retirement plans.

Established Funds

Gifts of any size are welcome and may be made to any of these established funds:

1. General Fund
2. Missions
3. Capital Improvements
4. Scholarships
5. Music ministries and outreach
6. Weekday School
7. Oak Ridge Cemetery
8. Ai Cemetery
9. Youth ministries and missions

Investment and Administration of Funds

All gifts received by the Endowment Fund will be invested through the United Methodist Foundation of Western North Carolina, Inc., Charlotte, North Carolina, with the approval of the Endowment Committee.  The specific purpose of any account authorized by the Committee may be stated in order to fulfill the wishes of the donor and thereby to segregate and maintain gifts for their stated purposes.

A complete copy of the Endowment fund document is available upon request in the church office.