FAQ (Frequently Asked Questions)

Find out how the Minnesota United Methodist Foundation can help you or your church.

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Foundation Donation Options

Dollars for Scholars

The Minnesota United Methodist Foundation (MNUMF) has joined the Dollars for Scholars program with the United Methodist Higher Education Foundation (UMHEF) to provide scholarship aid for United Methodist students from Minnesota who attend United Methodist-related schools, colleges, universities and seminaries in the United States.

Generosity Across the Generations

MNUMF encourages stewardship training for children through this set of four lessons which specifically address generosity through personal support of the local church. This curriculum is designed to help learners discover not only how generosity touches each of our lives in our everyday ordinary places and spaces, but also how we may be vessels of generosity to others in very important ways. Your support of Generosity Across the Generations enables more local churches to use the packet and resources and ongoing development of the program.

Clergy Leadership Training

MNUMF supports clergy leadership by offering scholarships for the Clergy Leadership Academy offered by the Minnesota Annual Conference. The Clergy Leadership Academy is a three-year learning experience designed to equip leaders with essential skills and practices for leading in such a time as this. Your support to this fund enables the financial edge to be taken off of clergy who enroll in the program.

Permanent MNUMF Admin. Fund

Your direct gift to the Minnesota United Methodist Foundation goes to build a donor base of philanthropic United Methodists who are willing to support the MNUMF through its ability to fund Conference projects or special needs. The MNUMF’s staff travels the state to assist individuals and local churches. They provide estate counseling, visitation with local church groups, and distribution of numerous brochures and educational resources designed to help cultivate individual stewards. These services are provided without charge because of the financial support provided by you.

General FAQ MNUMF

What is the Minnesota United Methodist Foundation (MNUMF)?

The Minnesota United Methodist Foundation (MNUMF) is a non-profit entity, originally established in 1969, and is separate from but amenable to the Minnesota United Methodist Conference. The Minnesota United Methodist Foundation's purpose is to assist churches within the Minnesota Annual Conference with their programs and ideas for fundraising to enable their financial needs.

The Minnesota United Methodist Foundation assists churches and individuals within the Minnesota Annual Conference with their financial needs by providing asset management and providing financial stewardship programs for local churches to give members an opportunity to demonstrate their faith and commitment in supporting local church, conference, and global ministries.

How does my church start an account with the Foundation?

To open a new account at the Minnesota United Methodist Foundation, your organization should complete and submit the following two forms to the Foundation:

  • Information Sheet for Participation in Common Fund
  • Trust Agreement for Common Fund

Send us your completed Information Sheet and TWO signed copies of the Trust Agreement form. We will sign both copies of the Trust Agreement and return one to your organization along with a completed Memorandum of Understanding which summarizes the instructions you provided on the Information Sheet about how this account should operate.

How does my church start an endowment program?

Your church may start its endowment program by first filling out the New Account Information Sheet, which guides your congregation through investment choices. Once the sheet is finalized, forward it to the MNUMF and we can review it and set up a direct consultation.

When will my church recieve the interest earned on it’s investment?

Interest income is computed at the end of each month and it is your churches choice as to how it is to be disbursed.

Is there an option for online access to our account?

Yes, the online option is a good way to access your account information on a more regular basis, (monthly rather than quarterly) and to be a good steward of resources, the Foundation encourages all account holders to access their statements online if possible.

Account information may be accessed online 24/7 by completing the Online Statements Request Form and forwarding it to the MNUMF office.

Multiple users may gain access to account information via the online option by adding their name to the Online Statements Request Form and forwarding it to the MNUMF office.

Why does the MNUMF only allow for month-end withdrawals?

Participants are limited to month-end withdrawals because the investment fund is only valued on a monthly basis which occurs at month-end. Additions or subtractions from your account(s) can only occur on a valuation date. This policy strengthens your local endowment program as you participate in the long-term investment strategy of the Minnesota United Methodist Foundation.

What are the deposit and withdrawal policies?

DEPOSITS

Funds may be submitted for deposit any time using the MNUMF deposit form.

  • Deposit Form: send the completed form with your deposit directly to – Wisconsin United Methodist Foundation, 750 Windsor Street Suite 305, Sun Prairie, WI 53590
  • Any deposits received mid-month are automatically placed in a corporate money-market bank account.
  • These deposits will be paid their proportional share of money market interest from the time the deposit is received to month-end, when they are rolled into the investment fund.
  • At that point, you will see both the deposit and the money market earnings posted to your account.

WITHDRAWALS

Withdrawals are made at the end of each month.

  • Participants are limited to month-end withdrawals because the investment fund is only valued on a monthly basis which occurs at month-end. Additions or subtractions from your account(s) can only occur on a valuation date. This policy strengthens your local church endowment program as you participate in the long-term investment strategy of the Minnesota United Methodist Foundation.
  • Withdrawal form must be received at the MNUMF office by the 20th of the month.
  • Withdrawals can be made at month end with ACH deposit into your bank account, rather than a check being cut – let us know if you are interested in this option.
  • Should a need for emergency funds occur mid-month, please contact the MNUMF office to discuss assistance with accessing your funds.

Withdrawal Form: send your withdrawal request to – Minnesota United Methodist Foundation, #508, 122 W. Franklin Ave., Minneapolis, MN 55404. (Withdrawal forms must be received at the MNUMF office by the 20th of the month.

What types of services are offered by the MNUMF?

INVESTMENTS

The Minnesota United Methodist Foundation has inherent advantages compared to for-profit investment management groups. These advantages include:

  • low fund management expenses
  • a broadly diversified set of investment strategies
  • excellent investment performance
  • an investment program that conforms with the Social Principles of the United Methodist Church
  • investment oversight by professional staff; supplemented by support staff
  • broad-based local church stewardship resources: programs, education and information, training and materials for all aspects of Christian financial stewardship

PLANNED GIVING

The MNUMF can manage gift annuities, trusts, donor-advised-funds, and other planned gifts for local churches or individuals.

LOCAL CHURCH STEWARDSHIP

The Foundation offers many stewardship programs, materials and ideas that can benefit the local church.

CAPITAL CAMPAIGNS

Foundation staff has many years of experience assisting local churches with capital campaigns.

Does the MNUMF accept gifts?

Yes. Gifts are designated toward operating, annual operating, expenses, endowments, and donor designated funds.

Is the Foundation audited?

Yes. A copy of the audit report is on file in the MNUMF office – which is located in suite 522 on the fifth floor of the Minnesota Church Center building at 122 W. Franklin Ave., Minneapolis, MN.

Is the Foundation a not-for-profit organization?

Yes. The Minnesota United Methodist Foundation is a 501(c)(3) non-profit organization separate from, but amenable to the Minnesota United Methodist Conference. The MNUMF separated itself from the Minnesota UM Conference in 1984.