Fund Management and Giving Guidelines

Uses of the Fund
• Seed funding for a new project or facility needs. This use will often occur when timing is important.
• Funding for a pilot program to use in fund-raising for expansion to a larger project.
• Completion funding for partially-funded projects or facility needs that are not as yet fully funded.

Application Process
• Application must be initiated by a member of FUM church. Requests for this funding from other applicants must be co-sponsored by a member of the church.
• Applications must be in writing and include the following:
o Brief description of the project – one page or less.
o Project budget.
o Timing critical to the content of the project.
o Connection to the mission and goals of FUM, Reno.

Criteria for Funding
• The project addresses FUM mission and goals.
• The project shows evidence of potential church and/or community service.
• The project is timely, of current interest.
• The project budget is realistic and practical.
• The project is important to facility and/or service needs of the FUM community.
• The project has potential for other on-going support (when applicable).

Management of the Fund
• Donors that designate funding for a specific area of use will be credited on those initiatives unless they request anonymity.
• The FUM Foundation will be credited on all projects that receive support from the Fund.
• No request will be funded for more than 50% (other percentage?) of the project budget.
• Any additional funding acquired subsequent to the FUM Foundation award may be applied toward replacement of the funds withdrawn.
• Fund management decisions will be made by a FUM management group consisting of:
o FUM Foundation Fund Management Committee;
o FUM Foundation President or designee;
o Representatives of appropriate committees of the FUM Church Council;
o Current FUM Pastor.

FUMC Overview



Reno First United Methodist Church Foundation

Foundation Background: The Foundation of First United Methodist Church of Reno is a non-governmental, non-profit organization/entity that has a principal fund managed by its own trustees/directors organized exclusively for charitable, educational, religious, scientific and literary purposes under Section 501( c)3 of the IRS code. A foundation serves the public good primarily through the making of grants to other non-profit organizations. For donors' contributions to be tax-deductible, the foundation must be recognized by the IRS. Three primary functions of the foundation include: obtaining donations; investing and stewardship of the funds; distributing funds in keeping with the Foundation Purpose.

Foundation History: The Foundation was incorporated in 1971 as a non-profit corporation organized for the purpose of engaging in religious, educational and charitable activities within the State of Nevada and elsewhere. Because the Foundation is recognized as a tax-exempt 501( c)3 organization, so donations to the Foundation are tax deductible to the extent of the law. A period of inactivity was experienced between 1980 and 1985. Following the period of inactivity consistent Board membership and leadership from 1991-2013 of Ralph Drake and Ann Carlson helped the foundation gain traction. Gifts and project funding during that period include: Capital campaigns 2003, 2006, 2006-2010, 2007 seed money for Drop in the Bucket Food Pantry, donation to the Food Bank of Northern Nevada, 2007 and 2009 FUMC Artown. Foundation funding also helped to support hiring a Pastor's Assistant to aide Pastor John Auer who was having health issues at the time. Purchases to support programs and facilities included a table for the bell choir, as well as LCD Projector and 100 inch screen for PowerPoint presentations in 2011. Recent Foundation funds were used toward re-carpeting the sanctuary balcony and an $800 matching grant to replace the sanctuary doors. In 2012 funds were targeted to revitalize the Foundation. Funds from a life insurance policy naming the church as beneficiary enabled the Foundation to engage the planning expertise of consultant Carl Dubois to draft committee commissions and responsibilities. Additionally, outreach to 30 families was made to inform a feasibility study which helped to determine Foundation goals. Four restricted endowments were established to support children/youth, music/organ, building/preservation, and missions. In 2013 and 2014 the Financial Development Committee hosted dances to raise awareness of the Foundation within our church community. The Financial Development Committee led two efforts to support children/youth endowments: a collection of quarters and a silent auction.

2017-2018 Board Priorities: Transitioning new Board members and officers, developing new giving and fund-raising opportunities, establishing funding request protocols, and building awareness of the Foundation, its purpose and role in the mission of the church.

The Foundation investments are held by the Royal Bank of Canada (RBC). Although Steve Hill has been a very proactive and knowledgeable stockbroker working on our behalf, the Foundation has been limited in the type of gifts we can accept. We have been deficient in technical expertise to deal with donations of property, life insurance, deferred giving options, and continuity of institutional knowledge between generations, pastors, and Foundation leadership. In May, the Foundation met with Chris Askin, of the Community Foundation of Western Nevada (CFWN), to discuss the resources available to us through a relationship with CFWN. After the exchange with Chris, the Foundation Board charged the Executive Committee with exploring what a relationship with the Community Foundation would look like recommending this arrangement to the Board. Ron Smith, Donna Quante, and Denise Hedrick met with Chris Askin to gather information to help the Executive Committee determine the most beneficial relationship with CFWN, maintaining the financial security of the corpus. At the September meeting of the Foundation Board the executive committee recommended entering into a Non-Endowed Fund Relationship with the CFWN. The Foundation approved that recommendation. This affiliation would require the completion of pertinent documents and determining what percentage of funds to move under the CFWN umbrella. The Foundation approved an initial investment of $50,000. The Foundation believes the relationship brings many benefits to our small Foundation: continuity of record keeping; multiple ways of receiving large gifts including property; access to potential donors; technical support for donor advisement; association with a well-respected large community foundation; publicity through the CFWN newsletters and communications. This new relationship is projected to begin January 1, 2016 with the transfer of funds.

Fund Management and Giving Guidelines