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Supporting the FUCSJ Endowment Fund

Purpose
The First Unitarian Church of San Jose has created an Endowment Fund to help fulfill the long-range mission of the church. Giving to an Endowment Fund helps provide lasting benefits to causes that you believe in. With this Fund, our church will no longer be solely dependent on members’ annual financial pledges. Typically, members would contribute to the Fund through a bequest in their will. As the Fund grows, a portion of its earnings can be paid out annually for purposes such as church projects, emergency funds, or capital improvements.

Fund Design
The Endowment Fund contains both a General Reserve Fund and a Building Reserve Fund. The General Reserve Fund can be used for any approved purpose; the Building Reserve Fund is only for support of the church property. Restricted gifts can also be made for purposes such as Religious Education, Music Programs, and Community Outreach.

How to Contribute
Decide if you want to contribute to the General Reserve Fund, the Building Reserve Fund, or make a restricted gift. If you don’t specify, it will go into the General Reserve Fund. You have several possible ways to contribute:

  1. Bequest in your will: Name the “First Unitarian Church of San Jose Endowment Fund” as a beneficiary in your will. Changes to your will require that you consult your lawyer and/or use the services of a notary.

  2. Check: Write a check payable to “First Unitarian Church of San Jose,” noting on the memo line that it is to be used for the “Endowment Fund”.

  3. Stock: Your brokerage firm can provide a Charitable Donation Form to transfer appreciated shares of stock to the church’s Charles Schwab account, DTC number #0164. The receiving account is “First Unitarian Church of San Jose,” account number 3295-0525. Please notify the church Finance Officer fucsj@sanjoseuu.org when you make the transfer, noting the name of the stock, the number of shares and that the gift is for the Endowment Fund.

How the Money is Spent
All spending from the Endowment Fund requires congregational approval at a regular congregational meeting. The Board will recommend worthy causes that could be funded with the allowable annual spending from the General Reserve Fund. Payouts from the Building Reserve Fund would usually be tied to a major project.

Benefits
With contributions to the Endowment Fund, your money will grow with time — it is not spent immediately and forgotten. Knowing that you can help support Unitarian Universalism not only today, but virtually forever, can provide the satisfaction of money well spent. However, we also have to be careful not to divert money from our pledges for annual giving, or we won’t be able to pay our current bills. That’s one reason why contributing to the Endowment Fund in the form of a bequest in your will is highly encouraged.

Members of the Planned Giving Committee:

  • Gordon Smith (gordonsmith100@gmail.com), chair
  • Bob Owen (bowen@data-time.com)
  • Claire Wagner (cwagner21@gmail.com)
  • Bob Howd (BHowd@aol.com)

A Symbol of Commitment
This flaming chalice, made of stained glass from church windows broken in our 1997 fire, symbolizes the resilience and commitment of our congregation to support our church, through good times and bad.

The universe operates through dynamic exchange … giving and receiving are different aspects of the flow of energy in the universe.

And in our willingness to give that which we seek, we keep the abundance of the universe circulating in our lives.

- Deepak Chopra