Permanent Endowment
General Information
A Gift for the Future
The Permanent Endowment enhances the mission of the Unitarian Universalist Congregation of Santa Fe apart from the annual operating budget of the congregation. The Endowment provides a permanent way to ensure the future of our shared values and beliefs.
Gifts May Be In Any Amount
Gifts to the Permanent Endowment Fund are valued for their intent and not their size. Together we are a community and we make a difference in the future of the congregation.
Gifts May Be For Different Reasons
- Memorials to a friend or loved one
- Tributes to another person
- Celebrations of important events
- Legacies in planned giving
You may receive tax benefits for a gift to the Permanent Endowment Fund.
Gifts Provide Different Types Of Support
All gifts to the Permanent Endowment Fund are managed by the Permanent Endowment Committee.
- Unrestricted gifts to the Permanent Endowment fund become part of the body of the endowment and in the future will generate grants for special projects.
- Restricted gifts, of a minimum amount, to the Permanent Endowment Fund are used to directly support the personal project or the purpose for the gift.
The Permanent Endowment Committee acts as trustees and assumes fiduciary responsibility for the investments and the eventual distribution of the grants.
Gifts May Be In Many Forms
- Current cash, securities, or property given today to the Permanent Endowment Fund.
- Cash or securities serving as a memorial or tribute at the time of personal celebration or death.
- Money or property or charitable trust left to the Permanent Endowment Fund in your will.
- Personal property transferred by your trustee to the Permanent Endowment Fund.
- Insurance policies or annuities designating the Permanent Endowment Fund as primary or contingent beneficiary.
Contacting Us
Thank you for your interest in the Permanent Endowment Fund at the Unitarian Universalist Congregation of Santa Fe.
Please contact the office at (505) 982-9674 to reach the Permanent Endowment Committee.
All inquires are confidential.
Leaving a Legacy
Unrestricted Bequest: Your gift is invested as part of the Permanent Endowment Fund, and managed according to the investment policies adopted by the Permanent Endowment Committee. After the PEF has reached $100,000, it is the current policy to distribute an amount equal to no more than 5% of the fair market value of the fund at the end of the prior fiscal year. Distribution will be in the form of grants to specific projects. This money may not be used for the operating expenses of the congregation.
Restricted Bequest: You may, for example, make gifts to the Permanent Endowment Fund that are restricted to:
- Professional ministry (scholarships, continuing education)
- Congregational leadership training
- Religious education curricula development
- Building funds
- Increasing UUCSF’s visibility through publications, marketing, or social witness to dismantle social oppression and injustice
Both restricted and unrestricted bequests are made in the following ways:
- Specific Bequest: A specific asset or collection of assets in the form of cash, securities, or other property. Retirement plan benefits, IRAs, savings bonds, and other items known as “income with respect to a decedent” (IRD) are particularly tax effective gifts to charity. You may designate an amount or a percentage of the property and retain the remainder.
- Residuary Bequest: All or a percentage of what remains of your estate after all specific bequests have been satisfied and debts and expenses have been paid. You may specify that charitable gifts be fulfilled first with IRD assets to the extent needed to reduce your tentative estate tax.
- Contingent Bequest: All or a portion of your estate in the event that a named beneficiary is not alive when you die. This type of bequest can avoid costly litigation or prevent property from reverting to the state for lack of heirs.
- Testamentary Charitable Remainder Trust: A trust document is created during your lifetime, with a “pour-over” will to designate which assets are to be placed in a trust with the income paid to one or more beneficiaries for their lifetimes. Upon the death of the last income recipient, or after a term of a specified number of years, the trust terminates and assets are transferred to the Permanent Endowment Fund, completing your gift.
Please share his information with your attorney to assist in drafting a will or codicil that will achieve your charitable estate plans.
The Webster and Nancy Kitchell Legacy Society
Charter Members
- Duane (Pete) Myers
- Evelyn Petshek
- John Pierce
- Helen and Ralph Snoke
- Jan Thompson
2003
- Ann Aceves
- The Estate of Dorothy B. and Richard K. Allen
- Keith Anderson and Barbara Lenssen
- Anonymous
- Norma and Harold Brown
- Katherine Brownlie
- Mary Lou Falion
- Sherry H. James and James B. Preus
- Patricia L. and Karl K. Jonietz
- Reverend Doctor Webster Kitchell
- Elizabeth (Brett) Roorbach
- Hilda Rush
- The Estate of Margaret Schoonover
- Patricia and George Simon
- Margaret Winkler
