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Q&A About Giving

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What is the Foundation?

The First Methodist Church of Fort Worth Foundation, Inc. is a 501(c) (3) organization established in 1964 for the sole benefit of the First United Methodist Church of Fort Worth.

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What is the Mission and Purpose of the Foundation?

To solicit, receive, maintain and preserve (either absolutely or in trust, as trustee) gifts and bequests which are intended to benefit the First United Methodist Church of Fort Worth, an exempt organization under Section 501(c)(3) of the Code, in whole or in part. To support, benefit, be responsive to the needs of, assist in carrying out the purposes of and to promote the ministries, programs and activities of First United Methodist Church of Fort Worth.

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Why does our Church need a foundation?

Historically, the Foundation has provided for capital expenditures, facilities maintenance, repair and renovation of church property, which is not addressed in the operating budget of the church. The Foundation provides financial resources to perpetuate the traditions of our Church.

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Why is the Foundation separate from the Church?

The Foundation exists separate and distinct from the budget of the Church, intended to serve the ministry of our congregation now and beyond our lifetimes. The Foundation was established to receive and manage gifts and bequests for the perpetual support and to the enhancement of the Church’s ministries.

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Who governs the Foundation?

A Board of Directors consisting of twelve voting members selected by the nominating committee of the Board governs the Foundation. There are four emeritus and four advisory directors.

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How can gifts be made?

Individuals may contribute cash, securities, personal property, or real estate. Other options for donors are: planned gifts, bequests and will provisions, charitable trusts, gift annuities, and paid up life insurance policies.

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Can gifts be designated?

Yes! You may designate your contribution to one or more of the endowments. Designated gifts may be made within five basic funds of the Foundation’s endowment:

  • Mission and Outreach
  • Youth Ministries
  • Children’s Ministries
  • Music Ministries
  • Foundation General Fund

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What is an endowment?

An endowment is a permanent fund of which only earnings are spent. Since only investment earnings are spent, not the principal sums, endowment gifts become a means of supporting the work and ministry of First Church – forever.

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Can gifts be given in honor or memory of someone?

We are happy to acknowledge gifts made in honor or in memory of individuals. If you send us a name and address, we will be happy to send an acknowledgement of the gift to the family. No mention of the dollar amount will be made.

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How does the Foundation invest the gifts it receives?

Financial managers work with the Board of Directors to maximize investment performance. The current asset allocation strategy is 50% of funds invested in equities and 50% of funds invested in fixed income.

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What does the Foundation do with the gifts it receives?

The Foundation directs your gifts exactly for the purpose you specify. The Foundation staff works closely with donors and with the Board of Directors to assure the highest standards of integrity in investing and spending these funds.

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How does the Foundation make sure that the funds it receives are spent for the purposes intended by the donors?

The Foundation’s accounting office carefully monitors expenditures made from the Foundation accounts. The Foundation only transfers funds to the Church for the purposes specified by the donor and approved by the Board.

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What information does the Foundation provide about its operations?

The Foundation is committed to retaining the trust of donors and prospective donors. The Foundation openly discloses information about its policies and activities. The following items are available to interested individuals: financial audits, investment policies, operating budget, the copy of IRS Letter of Determination, and tax form 990.

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To whom do I write my check?

First Methodist Church of Fort Worth Foundation, Inc.

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Where do I send my check?

750 West 5th Street
Fort Worth Texas 76102-3621

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I have more questions about making a gift. Whom do I contact?

Sid Johnston
Executive Director
817.336.5698 or 817.339.5072