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Southminster Foundation

With its bylaws updated and refined, the Southminster United Methodist Foundation is positioned to vigorously promote planned giving. It provides an avenue for members of the congregation and friends of the church to transfer assets to the Foundation. Its long-range goal is to help ensure financial support of the church’s mission, which embraces Christian education, worship, fellowship and service.

When donors transfer cash, stocks, bonds or real estate, or make the church the beneficiary of life insurance, it is the Foundation’s policy to invest those dollars and spend only the interest from investments. Periodically it places funds in The Nebraska United Methodist Foundation to take advantage of the investment skills and knowledge of an organization that handles millions of dollars.

The Foundation's funds grow in three ways:

  • Appreciation (increased value) of assets through wise investment.
  • Interest earned but not spent.
  • New contributions by members and friends.

    The Foundation has chosen a “balanced fund” for its investments. Normally 50% of the total assets are in fixed income securities and 50% in equity securities. This provides the opportunity for good earnings at a minimal risk of a decline in principal values. The Southminster Foundation board retains control over expenditures of funds generated by its investments and has ready access to earnings and principal.

    The board decided in September 2004 to focus its support on Southminster’s growth with emphases on increased membership, attendance and stewardship.

    The Foundation was incorporated as a Nebraska non-profit 1983. It is also a 501c3 organization under the federal tax code. Thus contributions are tax-exempt at both state and federal levels. Comprising the Foundation board of ten are nine persons who must be members of the Nebraska Annual Conference or of the Southminster United Methodist Church, plus the pastor.

    For further information, contact:

    Gilbert Savery
    3621 So. 35th St.
    Lincoln, NE 68506
    Phone: (402) 489-7556
    E-mail: gilsavery@aol.com



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