1992 Book of Discipline: ¶ 2535

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2535. Local Church Foundations--After securing the written consent of the pastor and of the district superintendent, local Churches may, by charge conference action, establish local Church foundations whose trustees, directors, or governing body shall be elected by the charge conference. Such foundations shall be incorporated, organized, and function in compliance with state law and subject to the provisions of the Discipline. Any such foundation shall not violate the rights of any other local Church organization and shall be subject to the direction of the charge conference.

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1992 Book of Discipline: ¶ 2535
1996 United Methodist General Conference