Foundation distributions nearly $6.7 M in last five years
September 3rd, 2013
The United Methodist Foundation of Louisiana has distributed $6.7 million to benefit a multitude of ministries in the Louisiana Annual Conference, a five-year Foundation report states.
The report shows these funds have supported everything from building maintenance, general church budget and scholarships, to the Louisiana Methodist Children's Home, music ministries and youth ministries in the Conference. This report does not include grants awarded by the Foundation, which would add $1.2 million to the total.
The distributed funds come from planned gifts and endowments made by charitable donors in the Louisiana Annual Conference. Donors establish charitable gift annuities, trusts and donor advised funds through the Foundation, which serves its purpose as outlined in the Book of Discipline of the United Methodist Church to steward those funds. The Foundation sends scheduled distributions from the income on the funds to beneficiaries such as churches and other United Methodist entities. The Foundation also strives to encourage generosity in the church and educates congregations about the benefits of planned gifts to both the donor and the beneficiary.
Located in Baton Rouge, the United Methodist Foundation of Louisiana was founded in 1975 and serves United Methodist churches, institutions and individuals within the Louisiana Annual Conference, providing financial guidance and education, loans and grants. It is one of the largest United Methodist Foundations in the denomination.