The Hope Unitarian Church Development Foundation, Inc . (the Foundation) serves as the Endowment Fund for Hope Unitarian Church. Initially, the Foundation was incorporated in 1973 to accept and manage the funds being collected to build the church’s current building. Once the church was completed in 1977, the fund became inactive. In 1988, a member made a significant gift on the condition that the Foundation be reactivated and its purposes be redefined.
The purposes of the Foundation are to serve as the Endowment Fund for Hope Unitarian Church, to support the long range goals of the church, to solicit and receive Special Gifts and Bequests, and to manage, invest, and distribute the funds prudently. The amount of income available for distribution is determined at the end of the calendar year.
The activities of the Foundation are reported to its members at an Annual Meeting in November. Members of the Foundation are the elected Board of Trustees of Hope Unitarian Church. Their duties are to elect and re-elect Directors at this meeting. Available funds of the Foundation may be requested from the Foundation Board of Directors by their members (BOT). Past uses of the funds include: Religious Education leadership development and training, feasibility studies; unbudgeted, unexpected maintenance expenditures like the air conditioning in the cabin, broken windows, sewer problems, R. E. furniture, etc.
Our special challenge is to encourage members to think positively and to think in terms of development, enrichment, and heritage. Being successful requires relatively small amounts of funding for making our efforts and dreams come true. This can only happen through your generous special assistance.
Your contributions to the Foundation should only be in addition to your generous ongoing support of the operating budget. For once, we don’t want your money now, just your promise to share the wealth later.
There are many ways to make special gifts to the Hope Unitarian Church Development Foundation. In the past few years, most of our income has been from Bequests. Memorials and Honorariums. Here are some other options:
- Make a planned gift.
- Include the Hope Development Foundation in your will.
- Life income gifts (annuities).
- Gifs of special assets.
- Gifts from an Individual Retirement Account.
- Matching gifts or donations from your employer or organization.
Depending on the asset donated, the benefits of these various methods of giving may include:
- Reducing current income taxes.
- Avoiding capital gains taxes.
- Reduce or eliminate income tax on property passing to charity on the donor’s death.
- Reducing costs and time in estate settlement.
Discuss the various forms of planned charitable gifts and their tax implications with your own financial or tax consultants. Feel free to call one of the Foundation Directors if you have questions or to inform us of your gift. For a list of Director’s names and contact information, call the church at 918-481-0999. We would be proud to include you in the Hope Legacy Society.
Hope Unitarian Church Development Foundation is incorporated under Section 501 (c) 3 of the Internal Revenue Code as a Corporation exempt from Federal Income tax under the laws of the State of Oklahoma.
Jan Mattinson, President