FORTY FORT UNITED METHODIST CHURCH INDEX
TRUSTEE’S ENDOWMENT FUND
PURPOSE:
MAINTAIN THE CHURCH PROPERTY
OTHER INFORMATION:
THE ENDOWMENT FUND IS MANAGED BY THE BOARD OF TRUSTEES. ANNUALLY, ONE HALF (1/2) OF THE EARNINGS IS USED FOR CAPITAL IMPROVEMENTS AND MAINTAINANCE OF THE BUILDINGS AND GROUNDS.
TEN PERCENT (10%) OF THE EARNINGS IS GIVEN TO ADMINISTRATIVE BOARD TO BE USED AS THE BOARD CHOOSES.
