2009 Church of the Nazarene Foundation report
Global Ministry Center
Friday, March 5, 2010
Highlights of the 2009 report of the Church of the Nazarene Foundation, presented to the General Board during its 87th Session, February 19-22, 2010:

Mel McCullough, Church of the Nazarene Foundation President

The Church of the Nazarene Foundation (CNF) celebrates that $4,002,602 was distributed for ministry on behalf of the General Board and the Foundation this past year.

Prior to the establishment of the CNF, the planned giving opportunities did not offer a Donor-Advised Fund (DAF), but this year $1,376,410 of ministry funding was made available through the DAF giving tool.

When these generous donors become aware of the ministry needs, they contact the CNF and the funds, which are invested tax-free, are immediately sent to provide scholarships at Nazarene educational institutions; to train evangelists, pastors, lay leaders, medical personnel, and teachers to evangelize and disciple the unreached of the world; to equip missionary and JESUS Film teams; to deliver supplies for disaster relief; and to provide help for at-risk children. CNF's Stewardship of Ministry Funds for the Future total $34,160,397.
  • Endowments, which provide resources for ministry forever, total more than $2.4 million, an increase of 17.6 percent.
  • Charitable Gift Annuities, which enable donors to receive an income and then leave gift to ministry after their death, increased by 22.4 percent to $2,422,304.
  • Trusts, which may permit a donor to set aside property for ministry while retaining income benefits and tax deductions, total $3,554,038, a slight decrease of 5.3 percent.
  • Donor-Advised Funds (DAFs) declined by 11.9 percent to $4,257,269, primarily due to lower investment earnings and almost $1.4 million in distributions for ministry.
  • Notes Receivable, which well fund DAFs, total $144,188.
  • Investment Management Accounts were down 1.4 percent because of lower investment earnings and distributions for ministry for a total of $19,315,272.
In addition, the Foundation is providing customer service and administration for $22,523,026 in General Board deferred gift agreements. These agreements along with the $13,330,463 in deferred gift agreements under management at the Foundation will provide distributions for Global Mission $8,653,529, Nazarene Higher Education $8,642,594, Nazarene Compassionate Ministries $3,011,295 and numerous local, district, and other general church ministries.

Additional Reports:
2009 Board of General Superintendents
2009 Church of the Nazarene Foundation report
2009 Financial Services report
2009 General Editor's report
2009 General Secretary/GMC Operations Officer report
2009 Global Mission report
2009 International Board of Education report
2009 Nazarene Missions International report
2009 Nazarene Publishing House report
2009 Nazarene Youth International report
2009 Sunday School and Discipleship Ministries International report
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