According to The Washington Post, UMC church leaders shared in a nine-page announcement that an agreement had been reached allowing for the creation of a new denomination for traditional-minded churches within the UMC. 

If the plan is approved in May at the UMC's annual General Conference, the new denomination will be called "Traditionalist Methodist" and will be made up of all of the churches opposing same-sex marriage and LGBT ordination. The plan would also give the new denomination $25 million in UMC funds and allow the churches that are breaking off to keep their local church properties, United Methodist News reports. The plan also designates $39 million toward ensuring that "there is no disruption in supporting ministries for communities historically marginalized by racism."

According to The Washington Post, the majority of the UMC's African churches along with several American churches are expected to adopt the Traditionalist Methodist denomination.