Advantages
ADVANTAGES OF A LOCAL CHURCH OR CONFERENCE INSTITUTION USING THE SERVICES OF THE FOUNDATION:
- Using the Foundation frees the church or institution to devote energy to matters related to ministry and promotion of planned gifts.
- The Foundation assumes responsibility for the administration and investment of your funds.
- The church or institution may have several accounts such as: a Mission Fund – for missions in and/or beyond the local church and community, a Building Fund – for maintenance, care, improvements, and construction of physical facilities, and a General Endowment Fund – for special ministries and needs determined by the leadership of the church or institution.
- Individuals may establish a trust with a local church, ministries, or church-related institutions named as the final beneficiary.
- The Foundation may be named as trustee for funds left by bequest for the benefit of the church or institution.
- The Foundation has Director’s Liability Insurance.
- The President and the Treasurer of the Foundation are bonded.
The Foundation had assets of over $97,721,741.57 as of August 31, 2024.
- Deposits and withdrawals may be made at any time.