Endowment

Hang Family Scholarship Application Now Open!

The Permanent Endowment Fund (PEF) of Westlake UMC is pleased to offer limited scholarships thanks to a generous gift from the Joseph Hang family and other endowment donors. If you are applying for admission or are enrolled at a college, university, or institution of higher education in any area of study, you are invited to apply for this scholarship. The PEF Committee considers the following criteria in the selection process: (1) church membership & involvement [of high importance], (2) financial need, & (3) prior academic performance.

Applications must be submitted no later than midnight on Sunday, April 21st. All fields of the application are required to be completed. It is acceptable to respond with "none" or "N/A" to items that are not applicable. Please be sure to upload your most current school transcript. You will find the application here.

Final decisions will be made by April 28, and you will be notified of your application status at the completion of the process.

The Permanent Endowment Fund

Planning a Future With Hope

  • "For surely I know the plans I have for you, says the Lord, plans for your welfare... to give you a future with hope."
  • -Jeremiah 29:11
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The Permanent Endowment Fund and Its Purpose

The WUMC Permanent Endowment Fund (PEF) was established in 2003 to provide the opportunity to make enduring charitable gifts to the Westlake United Methodist Church. The Fund is the means through which gifts will become a living memorial and a perpetual source of financial support to benefit the church and its programs. It is the vehicle for receiving and managing gifts that look to the future, and it enhances the ability of the church to promote its ministries and care for its property.

WAYS TO GIVE

Gifts made to the church can be made by you during your lifetime or as a part of your estate plan in a will, codicil, or trust. Such gifts can include cash, stocks, bonds, real estate, or vehicles, and you can also name the church as a beneficiary on assets such as life insurance and retirement plans. All gifts, no matter the size, are important to the Fund and to the long-term foundation of WUMC. One easy way to give is through memorials or gifts in celebration of an event such as a birthday, graduation, or anniversary. There are estate and income tax advantages to making gifts to the church, so check with a qualified attorney or CPA about how to maximize this benefit to you and to the church. Your generosity is greatly appreciated.

Uses of the Fund

Only the income generated by the corpus of the Fund will be distributed for use by the church. These distributions will be used to support programs and needs not normally included in the church’s operating budget. Contributions can be designated or undesignated for specific purposes by the donor.

Management of the Fund

The Endowment Fund is managed by the Endowment Fund Committee, consisting of nine members. This committee will strictly comply with Endowment Fund Guidelines and will work closely with investment counselors and other advisors to assist in the professional management and investment of the Fund.

How to Learn More

If you are interested in learning more about the Fund, how it operates, and how to contribute, please contact any member of the Endowment Fund Committee and/or attend one of the periodically scheduled informational presentations discussing the Fund. In addition, if needed, Committee members are available to meet with you and your financial advisor to help plan enduring gifts to the Fund.