Westminster United Church
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  • Home
  • What's Happening
  • Who We Are
    • Our Congregation
    • Church Staff
  • Ministries
    • Baptismal Policy
    • Wedding Policy
    • Funeral Policy
    • Equity and Inclusion
  • Outreach
    • Caring and Sharing Fund
    • Equity Initiatives
  • Resources
    • Accessibility Policy
    • Bequest Policy
    • Offering Count Instructions
    • Our Faith Story
    • Recommended Links
  • Contact

Bequest Policy

Principles

  • Exercise good stewardship of the generous contribution, recognizing the donor’s life of hard work and personal commitment to solid financial planning.
  • Opportunity to support various Westminster activities that support the church’s motto of being “Open- Spirited, Affirming and Child-Friendly”, always expressed through an inclusive lens.
  • Structure that allows other potential donors to know that their generous contribution will be used in a thoughtful, prudent and respectful manner.
  • Undesignated funds received in an amount greater than $5,000 will be administered by this policy.
  • Ten per cent (10%) of any new undesignated funds received annually will be forwarded to VIM (Ventures in Mission).
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Pillars of Support to be Funded through Bequests

  • Outreach
  • Spiritual Life and Education, including Sanctuary Fund
  • Property
 ​

Policy to Administer the Funds

  • Ninety per cent (90%) of any new undesignated funds received annually will be invested. The principal is to be protected by investing in secure products such as cash and those with staggered periods of return. A variety of products allowing for as much flexibility as possible will enable special projects to be funded in a timely manner.
  • ​Interest, when received from the investments, will be added as revenue to the annual budget.
  • The Treasurer, individuals or committees can request funds, approved by Church Council, to support one of the three (3) pillars of support.
  • Status of funds invested and disbursement of same will form part of the Annual Financial Report.
  • Policy to be updated and/or amended as required at Council's request.

CONTACT US

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(519) 746-6080

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office@westminsterunited.ca ​

FOLLOW US

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@westminsterunited.ca

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Westminster Calendar

FIND US

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543 Beechwood Drive, ​Waterloo, Ontario, Canada N2T 2S8

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