The Foundation manages its funds in such a way that it uses only a portion of the investment return. The corpus is not invaded. All monies given to the Foundation are in perpetuity, and your contribution can live on in endless duration to benefit the church and the needs of others.

Both gifts result in the same tax advantage to the donor, but gifts to the church are used for ongoing, annual ministry needs, while gifts to the Foundation continue to give through the investment returns they produce. The Foundation provides the mechanism and the security to accomplish the church’s mission work over the long run.

Yes. Generally gifts to the Foundation are tax-deductible. You should consult your accountant for details.

Certain funds already have a specified direction. If you would like to make an undesignated gift, or contribute to an area that is not covered by one of the Foundation’s existing funds, please contact the church directly, and we will be happy to talk with you about it.

Please let the church know of your arrangements.

Planned gifts to the Foundation include:

Lifetime Trusts and Gift Annuities
These include certain income-producing trusts established during your life as well as gift annuities.

Will Appointment or Estate Bequest
Examples of this type of gift include a bequest for a specific dollar amount to Dauphin Way United Methodist Foundation; a bequest of specific assets, such as securities, home and other residential or commercial property; or a bequest as a percentage of your estate.

Residuary Bequest
A bequest of all the residue of your estate to the Dauphin Way United Methodist Foundation after specific bequests to others, debts, taxes, and estate expenses have been paid, or a bequest of a certain percentage of the residue of the estate.

IRA or Other Retirement Accounts
Naming the foundation as beneficiary of your IRA and similar accounts may have advantages in those instances where the undistributed portion will be taxed both in your estate and in your income tax return.

Bequest to Charitable Remainder Trust
One or more named beneficiaries receive income from a trust established under your will. Upon the death of the last surviving beneficiary, all or part of the principal passes to the Dauphin Way United Methodist Foundation.

Insurance
A gift of a life insurance policy with the Dauphin Way United Methodist Foundation named as both owner and beneficiary. Your payments of the annual premium qualify as a charitable gift.

The Foundation was first established in 1989 for supporters of Dauphin Way United Methodist Church who wished to create an endowed fund or make some other form of deferred gift in their estate plans that would continue to benefit the vision and mission of the church. The initial deposit of $355,000 was a bequest to the church from the will of Mr. Oliver Delchamps, Sr., who died in 1987.  In his will, Mr. Delchamps specified that the funds be held and that interest on the funds perpetuate his annual pledge to the operating budget of the church. Additional gifts, totaling $90,000, were donated by other members of Dauphin Way – and together, these gifts constituted the “Endowment Fund.”

Mrs. Annie Delchamps Moore, sister of Mr. Oliver Delchamps, died in 1991.  Her will provided for a most generous gift to the church, to perpetuate her annual pledge, in the form of Delchamps Grocery Store stock that was sold for $900,000.  These funds were added to the Endowment Fund and greatly enhanced the annual distribution to the operating budget of Dauphin Way. From 1989 until 2004, the only transfers made to the church from the Foundation were the interest payments from the Trust Fund Pledge of Mr. Delchamps and Mrs. Moore.

In the years since 2004, individuals have made additional bequests to the Foundation, and thanks to this long legacy of generosity, that the Dauphin Way Endowment Fund contributions make up roughly 3% of Dauphin Way’s annual budget. The Dauphin Way Endowment Fund has contributed over $2,500,000 to Dauphin Way’s operating budget from 1989 through 2022.