Recently an endowment fund was established for the Loogootee United Methodist Church . This new fund joins the family of funds held by the Martin County Community Foundation, a member of the Community Foundation Partnership, Inc.

The funds founding donors are Brent & Melissa Courter who became new parents to Kyleigh Jean Courter on December 6, 2004. They chose to establish this new fund as part of the celebration and blessing of Kyleigh’s birth.

This fund has been named as a co-beneficiary of Brent’s retirement account. The MCCF General Unrestricted Fund was also named as a beneficiary. This Unrestricted fund allows the MCCF to grant money annually to qualifying charities deemed appropriate by the directors of MCCF.

While it is likely to be several years before these funds receive the gift, the shell that is now created, can begin to receive other gifts anytime, from anyone. The result will be a steady, renewable source of income that the Loogootee United Methodist Church will be able to use in perpetuity for needs of the church, and the MCCF will use for community grant making.

In making this decision, Brent and Melissa have accomplished many things. First, and foremost, they have made a strong statement of the importance their church and community play in their lives. Second, they have provided a stream of income to the church, and grant making resources that will outlive them. Third, they have protected their hard earned retirement account dollars from taxes. Fourth, by using the Martin County Community Foundation as the gatekeeper of this resource, they have assured professional endowment management forever.

As a founding director and organizer of the MCCF, Brent has had the opportunity to watch as well as nurture the foundation into a growing and successful organization. It is with pleasure that the MCCF Board of Directors accepts this new fund, and they would like to take this opportunity to thank Brent and Melissa for their thoughtful gift to the Loogootee United Methodist Church and Martin County Unrestricted Fund.

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