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CHARTER: A PERMANENT ENDOWMENT FUND and COMMITTEE BETHANY UNITED METHODIST CHURCH Ellicott City, MARYLAND This Fund shall be known as the Bethany United Methodist Church Permanent Endowment Fund,
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01
Determine the purpose and goals of the endowment.
02
Consult with legal and financial advisors to understand the legal requirements for establishing a permanent endowment.
03
Create a charter that outlines the structure of the endowment, including its purpose, guidelines for distribution of funds, and governing committee.
04
Make sure to include provisions for how the endowment will be funded and managed.
05
Review and finalize the charter with all relevant stakeholders before officially establishing the permanent endowment.

Who needs charter a permanent endowment?

01
Non-profit organizations looking to secure long-term financial stability and support for their programs and activities.
02
Foundations seeking to create a lasting impact and ensure the sustainability of their charitable work.
03
Individuals or families interested in leaving a legacy and supporting a cause or organization in perpetuity.
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Chartering a permanent endowment establishes a fund where the principal is invested and only the income generated from the investments is used for charitable purposes.
Non-profit organizations and foundations that have established permanent endowment funds are required to file charter documents.
Charter documents for a permanent endowment fund typically outline the purpose of the fund, investment guidelines, distribution rules, and governance structure.
The purpose of chartering a permanent endowment is to ensure the long-term financial stability of an organization by providing a reliable source of income for charitable activities.
Charter documents for a permanent endowment typically include information about the fund's purpose, investment strategy, distribution policies, and governing body.
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