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Our Purpose is Your Mission

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Hi friends, I’m Mathew Pinson, president and CEO of the Georgia United Methodist Foundation.

I am inspired by the realization that our work is anchored by our purpose and mission, which is not replicated by any other financial institution available to Methodists in Georgia.

The purpose of the Georgia United Methodist Foundation is to partner with congregations, organizations, and individuals in direct support of the ministries and mission of the church. In this way, we are a ministry partner as we seek to live out our mission to provide faith-based financial solutions for investing, lending, training, and planned giving.

You are invited to join us as we live out our purpose in partnership with people called Methodists across the State of Georgia.

Our question will always be how can we best help you, your church, or organization to achieve your mission?

Please reach out and we can talk about how the Foundation can help you live out the call of God in your life, and in the life of the community where you live and serve.

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Posted: January 4th, 2022 | Permalink

Webinar on Cybersecurity Best Practices

Tuesday, February 15, Noon - 12:45 p.m. Eastern
Posted: January 4th, 2022 | Permalink

10 Financial Resolutions for the New Year

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The new year is the perfect time to put into motion resolutions that will have a lasting impact on your financial well-being. Check out these 10 timely tips that have your family’s best interests at heart.

  1. INVENTORY YOUR ASSETS AND REVIEW YOUR WILL AND BENEFICIARIES.
    Keep in mind some assets like bank and retirement accounts may transfer outside of your will. Is your plan to give to family, friends, and the church up-to-date? Make a date to discuss your plans with your loved ones and executor. While we are not lawyers or financial planners, we can help you explore possibilities.
     
  2. CONDUCT AN ANNUAL INVESTMENT CHECKUP. Are you on track to meet your long-term goals? Is the risk in your portfolio in line with your life stage? Have your needs changed? Are you saving enough?
     
  3. DEVELOP A BUDGET AND STICK WITH IT!
    Resolve to save more money and to spend less. Before every purchase, ask yourself if it’s a want or a need.
     
  4. REDUCE YOUR DEBT.
    Develop a plan that includes making extra payments toward your student loan, car loan, mortgage, or credit card debt.
     
  5. INCREASE YOUR RETIREMENT PLAN SAVINGS.
    Did you get a raise? If you put that additional money into your 401(k) or 403(b) retirement account, you will never miss it!
     
  6. CONDUCT AN ENERGY AUDIT OF YOUR HOME, CHURCH, OR WORKPLACE.
    You will be amazed at how much money and energy you can save! Good energy conservation is good stewardship. Google energy audits on the web or contact your power company to learn about programs to help.
     
  7. IDENTIFY NEW WAYS TO SAVE MONEY.
    Have a brainstorming session with your family to identify ways you can work together to reduce spending. Pack your lunch. Eat at home instead of going out to a restaurant. Make your own coffee. Turn off the lights. Stick to your grocery list. Cancel memberships you never use. You get the idea!
     
  8. CONDUCT ANNUAL REVIEWS OF YOUR SERVICE PROVIDERS.
    At the beginning of the year, compare rates for insurance, cell phone plans, utilities, TV, internet, and entertainment packages, and other providers to make sure you’re receiving the best rates possible.
     
  9. START AN EMERGENCY FUND.
    Build a 90-day emergency fund. This way you will be prepared in the event of unexpected expenses such as a job loss, illness, repair bills, or unplanned travel.
     
  10. CHECK YOUR CREDIT REPORT.
    It’s important to maintain good credit. Check your credit report annually.

 

Posted: January 4th, 2022 | Permalink

Apply Now for UMHEF Scholarships!

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Do you know a Georgia United Methodist student planning to attend one of the 100+ United Methodist-related colleges, universities, or seminaries for the 2022-2023 academic year? Scholarship opportunities are available from the United Methodist Higher Education Foundation (UMHEF). Applications may be submitted January 1 – March 1, 2022.

UMHEF awards scholarships within two main programs. The United Methodist Dollars for Scholars Program is a unique program that starts with a $1,000 scholarship award from a student’s local United Methodist church. UMHEF matches, raising the award to $2,000. Participating United Methodist-related schools may also award, bringing the total to $3,000. This award may also be matched for Georgia United Methodist students by the Georgia United Methodist Foundation (GUMF) for a possible total of up to $4,000. Since 2011, GUMF has awarded 853 scholarships totaling $726,700.

UMHEF manages and distributes more than 120 named funds established by various donors. These scholarship funds are often created in memory of a person or an ongoing legacy created with estate plans. Unlike the United Methodist Dollars for Scholars Program, endowed scholarships do not require matching funds from United Methodist churches.

Learn about awards, eligibility criteria, and how to apply here.

Posted: January 4th, 2022 | Permalink

Year-End Giving Strategies to Support Your Church or Ministries Close to Your Heart

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The Advent season marks the beginning of the church year and ushers in the close of the calendar year. As we anticipate the birth of Christ, this is a time to thoughtfully consider the ways you financially support the church and ministries that are close to your heart. 

Since each individual has a unique financial situation, the Georgia United Methodist Foundation (GUMF) always encourages people to talk with a trusted legal or financial advisor to determine the most effective charitable giving plan for your circumstances.

We hope the following information is helpful. Please reach out if we can assist you.

Grace to you and peace,

Mathew A. Pinson
President and CEO
770-449-6726
877-220-5664
mpinson@gumf.org
 

Dr. Laudis H. "Rick" Lanford
Regional Vice President
478-256-7130 (Cell)
rlanford@gumf.org


 

SPECIAL TAX-FREE IRA GIFTS

For those aged 70 ½ and older, it is possible to make a Qualified Charitable Distribution (QCD) from IRA accounts to the charity. A total of up to $100,000 per year can be transferred directly from IRAs to one or more qualified charities, such as the church, free from federal income tax. With a QCD, donors do not have to worry about tax deductions because this type of deduction does not flow through their income for the year. There may also be state income tax savings. NOTE: Special benefits under this tax provision do not apply to donor-advised funds.

For those 72 and older or those who have begun taking their Required Minimum Distribution (RMD), donations given in this way count toward their RMD for the year of the gift. For those donating from an IRA, it is important to donate directly from the IRA to the church or GUMF. For those with check writing privileges on their accounts, this may be the most efficient way to make gifts directly from an IRA.

ADDITIONAL STRATEGIES FOR CONSIDERATION

GUMF can assist you with establishing a permanent endowment that will benefit your church or Methodist-related organization in perpetuity. Contact GUMF at 770-449-6726 or email info@gumf.org for information.

GUMF offers individuals the opportunity to establish a Donor-Advised Fund (DAF). DAFs offer donors a way to be strategic with their giving over time. With a DAF, individuals combine all giving into one fund, and you may receive an immediate tax deduction when you open the fund. You can then recommend grants from the fund throughout the year to your church and other ministries or charities that are close to your heart. Contact GUMF at 770-449-6726 or email info@gumf.org for information.

This is an excellent time of year to be thinking about how to be generous. Ask yourself these questions: How does the act of generosity transition into a thoughtful strategic plan? How can I model generosity? How can I serve as a witness to my faith through acts of giving?

LEARN MORE

To learn how you can embrace strategic giving this season and year-round, please:

1. Contact us at 770-449-6726 or info@gumf.org.

2. View our “Ways to Give Guide” here.

3. Visit gumfplannedgiving.org

Posted: December 6th, 2021 | Permalink