Programs

  • Lovers Lane UMC Foundation Support

    THE LOVERS LANE UNITED METHODIST CHURCH FOUNDATION (THE "FOUNDATION") EXISTS SOLELY TO SUPPORT LOVERS LANE UNITED METHODIST CHURCH (THE "CHURCH") AND ITS MINISTRIES ("MINISTRIES"), THROUGH THE RECEIPT OF CONTRIBUTIONS TO ONE OR MORE ENDOWMENT FUNDS HELD BY THE FOUNDATION, WHICH ARE INVESTED AND THE INCOME AND GAINS FROM SUCH INVESTMENTS ARE USED TO MAKE DISTRIBUTIONS TO THE CHURCH, ITS MINISTRIES OR INDIVIDUALS SERVED BY THE CHURCH OR ITS MINISTRIES. 2022 WAS A GREAT YEAR FOR THE FOUNDATION. TOTAL ASSETS REMAIN AT THE HIGHEST LEVELS (ALMOST 22,000,000). OUR DISTRIBUTIONS OR GRANTS TO THE CHURCH AND ITS MINISTRIES HAVE GROWN FROM APPROXIMATELY 440,000 IN 2019 TO MORE THAN HALF A MILLION IN 2020, AND 2021; AND MORE THAN 550,000 IN 2022. BELOW ARE EXAMPLES OF HOW THE FOUNDATION HAS SUPPORTED OUR CHURCH WITH GRANTS IN 2022 (ROUNDED TO NEAREST APPROXIMATE NUMBER): EVERYBODY'S CHRISTMAS 14,000 EMERGENCY AID FOR FAMILIES 23,200 CAMPUS REPAIRS AND MAINTENANCE 427,000 CHILDREN/YOUTH/YOUNG ADULTS 29,000 MUSIC & ARTS 17,500 DEAF MINISTRIES 6,800 LECTURE SERIES 34,000 12 STEP MINISTRIES 14,000 FAMILY MINISTRIES 7,000 PRISON MINISTRIES 2,800 IMANI KENYA MINISTRIES 56,000 AS OF 12-31-2022, THE FOUNDATION'S ENDOWMENT FUNDS CURRENTLY TOTAL ALMOST 18.7 MILLION. IN ADDITION, THE FOUNDATION HOLDS AND INVESTS FUNDS OF THE CHURCH AND ITS 501(C)(3) SUBSIDIARIES TOTALING APPROXIMATELY 4.6 MILLION. THE FOUNDATION IS MORE THAN JUST A SERIES OF ENDOWMENT TRUSTS -- IT IS LITERALLY THE FOUNDATION UPON WHICH MUCH OF THE FINANCES OF OUR CHURCH AND ITS MINISTRIES DEPEND. OUR CONGREGATION HAS MADE THE CHURCH PART OF THEIR LIVES -- THE FOUNDATION IS THEIR OPPORTUNITY TO MAKE THE CHURCH PART OF THEIR LEGACY.
    Geographies
    Not indicated
    Dates
    Jan 1, 2022 – Dec 31, 2022
    Source
    990
    No causes provided
    No populations provided
    –
    $784K