Hawaii Baptist Foundation

Annual Report to the HPBC - October 14, 2022 Serving Christian Stewards Matt Sanders, President

This year has been marked by continued activity and progress in the three major purposes of the foundation.

Funds management – Despite a tumultuous year for investments, churches and ministries continue to contribute to their funds or open new accounts. Planned giving – The foundation continues to develop ways to help Hawaii Baptists learn how they can use estate planning to invest in kingdom ministries. Ministry support – The foundation continues to provide assistance to pastors and ministries.

Our board, elected by the HPBC, oversees our investment strategy. A recently completed annual financial audit found no problems with the management of funds, which is a credit to both the board and the HBF staff.

Funds Management Report for Oct. 1, 2021-Sept. 30, 2022 New accounts opened 6 Return on 60% equity/40% fixed income -14.98% (-.14% above benchmark) Total earnings/loss (-$4 million) Balance of all funds Sept. 30, 2021 $37.8 million Balance of all funds Sept. 30, 2022 $33.8million

Planned Giving In addition to promoting planned giving among HPBC ministries, the foundation is redeveloping its website to help people learn more about planned giving. The foundation, HBA, and HPBC continue to offer a service to help people set up wills at no charge via FreeWill.

Ministry Support Through the KOKUA fund, the foundation gave two scholarships for college to children of HPBC pastors.

Last year, the foundation voted to give 10% of its income to support ministries and ministers. The first award was made to a ministry that helps foster children and families. In the last quarter of this year, the foundation will look for other opportunities to provide support.

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