We encourage the solicitation and acceptance of gifts to the Visalia Wesley Foundation for purposes that will help the Visalia United Methodist Church to further and fulfill its mission, as well as other Christian projects. The following policies and guidelines govern the spending of these gifts made to the Foundation. The provisions of these policies shall apply to all gifts received by the Foundation.
A donor may wish to designate how their gift is specifically used. The Foundation will accept these gifts and spend them accordingly as long as the gift is approved under the Gift Acceptance Policy. Once accepted, these gifts will be invested either for short-term or long-term use depending on the nature of the intended use.
Gifts Under $10,000
Gifts received in the amount of less than $10,000 and not specifically designated will go into the Opportunity Fund. These funds will be immediately available for use. The principal will not be endowed even though it may not necessarily be spent in the near future. It will be invested in both short and long-term investments depending on the anticipated duration that the funds will be held.
Gifts to the Foundation of $10,000 or more will be considered as “Large Gifts”. Unless otherwise designated by the donor and agreed upon by the Foundation, 75% of these funds will go into the Harry Wood Endowment Fund. There the funds will be invested for long-term benefit in three designated areas; Missions, Family Programs, and Property Endowment. Since these funds will be endowed funds, only the earnings will be made available for use. The principal will be invested with the objective of earning 7-8% on an annual basis.
The remaining 25% will not go into the Endowment Fund and will be invested separately and made available for our Opportunity Fund.
Approved on the ___12th__ day of _November___, 2007
Visalia Wesley Board of Directors
Name: Ken Hochnadel
Address: 3918 W. Woodside Ct., Visalia 93291
Phone: 732-9611 (home)
Phone: 679-4151 (cell)
Name: Shirley Johnson
Address: 31618 Road 148, Visalia 93292
Phone: 798-2241 (home)
Phone: 280-6611 (cell)
Name: Joe Akkerman
Address: 30531 Road 170, Visalia 93292
Phone: 594-5046 (home)
Name: Carol Laird
Address: 5709 W. Laura Ct., Visalia 93277
Phone: 627-1312 (home)
Phone: 733-6656 ext. 228 (work)
Name: Nancy Robertson
Address: 5533 W. Grove Ct., Visalia 93291
Phone: 733-4073 (home)
Phone: 732-2354 (work)
Name: Bill Allen
Address: 824 Whitney Dr., Visalia 93277
Phone: 732-6002 (home)
Name: Rodger Yoshida
Address: 5810 W. Seeger, Visalia 93277
Phone: 739-1840 (home)
Phone: 1-800-752-2001 (work)
Name: Lori Flaherty
Address: 2303 W. Sunset Dr., Visalia, CA 93291
Phone: 732-9659 (home)
Name: Al Fisher
Address: 3320 E. Harvard Ct., Visalia, CA 93292
Phone: 636-2798 (home)