Mentor United Methodist Church

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GEM

The Endowment Fund was created on May 20, 1991. It was set up to ensure
the future of the church. Four basic funds were established by the Gifts,
Endowments and Memorials Committee (GEM):

  • Undesignated Memorial Fund, Designated Memorial Funds
  • Undesignated Endowment Fund and Designated Endowment Funds



Gifts and bequests support these funds. Grants from the Memorial Funds are
made from the income and principal. Grants from the Endowment Funds are
made only from the accumulated income. These grants are for projects and
programs outside of the normal operating budget and are approved by the
GEM Committee. Since GEM started about $1,500,000 has gone back to
the church for things that cannot be covered by the operating budget. GEM
currently has the following Designated Endowments Funds:

  • Building Maintenance Endowments
  • Christian Education/Church
  • School Endowments
  • Evangelism Endowment
  • Library Endowments
  • Mission Endowments
  • Music Endowments
  • Operating Endowment
  • Scholarship Endowments.


The GEM Committee has invested the money that has been given to the
church to provide capital growth as well as interest and dividends. In 1991
GEM had about $30,000. As of October 31, 2016, the total worth was $3,277,684.86.