IPC Foundation: 2021 Annual Report

F O U N DAT I O N

2021 ANNUAL REPORT

Greetings from the Executive Director The IPC Foundation continues to touch people throughout the world and give hope to the hurting. As we strive to meet the ever-changing needs presented to us each year, we found the theme of 2021 to be: Responsiveness.

Denise W. Moore IPC Foundation Executive Director

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Events in 2021—around the world and within our borders—required us to respond quickly. We approved six emergency grants to assist with natural disasters in Alabama, Kentucky, and Haiti and to provide financial relief to organizations struggling from the pandemic. In August of last year, during the height of the Taliban takeover of Kabul, Afghanistan, we quickly realized that Cure Hospital, a recent grant recipient in Kabul, would be affected and reached out to see what we could do. Because the Foundation was able to act quickly, financial support was

provided allowing medical teams to provide care for more than 400 babies in a neonatal intensive care unit even during wartime.

From 103 applications received during our annual grants cycle, the Foundation responded by awarding 95 grants totaling $2.0 million in distributions. In our community, endowments managed by the Foundation were used to support programming at the Children’s Fresh Air Farm, and the Foundation looks forward to helping prepare for the upcoming Centennial celebration.

Many 2021 church programs for Family Ministries, Music and Fine Arts, and Social Services were strengthened by the financial assistance from the Foundation.

Overall, 77% of the distributions in 2021 made a difference locally.

T a bl e o f Co n te n ts Yet still, we hope you see the far-reaching impact of the Foundation in 2021. The year-long response to need at home and abroad we share in this report is made possible by truly quick and collaborative efforts. A remarkable group—comprised of you as donors, the Foundation’s Board of Directors and Subcommittees, and IPC’s leadership and staff—spearheaded forward momentum to support causes consistent with the IPC Mission.

FOCUS ON GRANTS Brother Bryan Mission. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . pg.3 CURE International. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . pg.5 Friends of Forman College. . . . . . . . . . . . . . . . . . . . . . . . . . . pg.7 ¡HICA! - Hispanic Interest Coalition of Alabama. . . . . . pg.9 Legacy Prep. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . pg.11 Oak Mountain Missions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .pg.13 One Place Metro Alabama Family Justice Center. . . . . . .pg.15 Shepherds Fold, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .pg.17 The WellHouse . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . pg.19 UNITIZED FUND The Alyson L. Butts Fund. . . . . . . . . . . . . . . . . . . . . . . . . . . . . pg.21 2021 ANNUAL REPORT OF THE PRESIDENT. . . .pg.23

As we continue in 2022, I invite you to stay connected. Please consider joining the Foundation for an upcoming Lunch & Learn to connect with recent grant recipients.

Our Foundation website provides details about events and the Foundation. I’m also a phone call or email away for any questions you may have.

OVERVIEW OF THE FOUNDATION: A History of Major Giving & Fund Creation. . . . . . . . . . .pg.29 Honoring Founding Pastor Dr. Henry Edmonds. . . . . . . pg.31 The Grants Process. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . pg.32 The Administrative Fund. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .pg.33 Investment Performance and Fees. . . . . . . . . . . . . . . . . . . . pg.33 The Power of Endowments. . . . . . . . . . . . . . . . . . . . . . . . . . . pg.33 Independent Auditor’s Report. . . . . . . . . . . . . . . . . . . . . . . . pg.33 2021 Grants and Unitized Summary. . . . . . . . . . . . . . . . . . pg.34 Unitized Funds Purpose and Market Value . . . . . . . . . . . . pg.35

De n is e W . M o ore

APPENDIX A 2021 IPC Foundation Grant Awards. . . . . . . . . . . . . . . . . . pg.39

IPC Foundation Executive Director

APPENDIX B The Henry M. Edmonds Society. . . . . . . . . . . . . . . . . . . . . . .pg.41 APPENDIX C Financial Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .pg.42 2021 Annual Report | 2

Focus On Grants Brother Bryan Mission Men come to Brother Bryan Mission (BBM) at the lowest point in their lives. Since 1940, BBM has served the economically, emotionally, and spiritually impoverished in the central Alabama area.

• In 2011, BBM changed its programming to address the

causes of homelessness and the barriers that hinder one from returning to a productive life.

• BBM's New Life Fellowship Program is a 9-month, •

Christian, residential recovery and job readiness program.

The goal is for each client to return to their families, churches, and communities: 1) free from addiction, 2) with stable housing and employment, and 3) with healthy relationships toward God, their families, and others.

“

Men don’t become homeless because they run out of money, they become homeless because they run out of relationships. The support of the IPC Foundation allows men the time they need to restart their lives and rebuild the relationships that will allow them to return to a productive life. One graduate’s family member said it best, I will be forever grateful to Brother Bryan Mission for giving me my son back. ~ Jim Etheredge, Executive Director

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“

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CURE International CURE International operates a global network of pediatric surgical hospitals that provide world-class medical care to one of the world’s most vulnerable populations—children living with disabilities—for the proclamation and demonstration of the gospel.

•C hildren living with disabilities not only face stigma, rejection, and abuse, but many

are also unable to attend school and become caught in a cycle of poverty, disability, and despair. Through the provision of life-changing, cycle-breaking surgical care, CURE has the unique opportunity to share the gospel—in both word and deed— with the children, families, and communities that we serve.

• T his is especially true in Niger, where the Joshua Project estimates that 98.2% of the

country’s population is entirely “unreached.” In 2021, CURE provided 12,108 surgical procedures for children across our hospital network, including a remarkable 1,040 procedures in Niger alone.

• F unds from the IPC Foundation were instrumental to our team in Niger as they

navigated pressing circumstances to provide life-changing care to more children than ever before!

“

The IPC Foundation’s partnership with CURE helps to provide transformative medical care for children with disabilities, to encourage and support their families, and to strengthen and build up the capacity of both the local church and local healthcare systems. Together, we have the opportunity to help hundreds of thousands more children who exist in the margins of society to run, play, attend school, and know that they are LOVED. ~ J ustin Narducci, President & CEO

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Above: Before and after photos of Aicha Oumayra, age 6 from Niger. Following her surgery made possible by Cure, she said "na sake sossai ko? Kafafouna sun mike da kyau" which means, "I've changed, haven't I? My legs are straight!"

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Friends of Forman Christian College Forman Christian College in Lahore, Pakistan, educates Christians, Muslims, and other faiths to be ethical leaders in the world’s second largest Muslim nation. The college raises funds for need-based student scholarships, capital improvements, and the Christian leadership of the school.

• Founded in 1864 by Presbyterian missionary Dr. Charles Forman • 8,500 students; 46% of university students are women • 1 1% of students are Christian (in a country where Christians are 1.5% of the population)

“

Our Christian students come from the poorest levels of Pakistan society and 80% will need scholarships to attend Forman Christian College. A Forman degree not only impacts the economics of our graduates, it can change a church, community, and country as our students live out the school’s motto—by love serve one another. ~ Rev. Sam Schreiner, Executive Director

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¡HICA! - Hispanic Interest Coalition of Alabama ¡HICA! is a community development and advocacy organization that champions economic equality, civic engagement, and social justice for Hispanic/Latino families in Alabama through culturally specific bilingual Spanish/English services.

• ¡ HICA! has four inter-connected programs: 1) Strong

•

Families, 2) Community Economic Development (CED), 3) Empowering Communities, and 4) Citizenship & Immigration) that are a beneficial source for low-income Hispanic/Latino families living and working in Central Alabama. Community is the centerpiece of all ¡HICA!’s programs, and through these, families learn to navigate, merge, and build their lives in the community. ¡ HICA! empowers over 3,000 Hispanics every year.

Funding from the IPC Foundation allows our CED program to continue helping our community to reach out to better lives by opening their businesses or learning how to navigate the systems and access available possibilities. In 2021, ¡HICA! helped establish 43 new businesses, created 68 new jobs, provided 557 technical assistance sessions to 165 people, and access to capital to 7 entrepreneurs, lending a total of $53,700.

“

¡HICA!’s programs center our community, move families out of poverty and create pathways for transformational impact. Through small business development, lending, and housing we are removing barriers and creating opportunities for Latino families to achieve their dreams and aspirations. ~ Carlos E. Alemán, CEO of ¡HICA!

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Legacy Prep Legacy Prep is a grassroots, community-focused public charter school whose mission is to educate and empower our scholars to embrace their identity, lead lives of choice and opportunity, and impact their communities as the next generation of socially-conscious leaders.

Founded in 2017, Legacy Prep began serving students in the fall of 2019.

• The school supports the social and emotional development of the whole child by aligning all

•

programs and curriculum with five Core Design Pillars: 1) providing life-changing academics, 2) supporting authenticity and self-actualization, 3) building a powerful community of support, 4) stressing revolutionary innovation in all things, and 5) leading with a social justice lens.

This school year with the support of the IPC Foundation grant we were able to: – Expand the opportunity of choice to more scholars through the addition of two-4th grade classes.

– Increase total enrollment from 257 to approximately 350 scholars.

“

At Legacy Prep, we encourage our scholars to learn, to explore, to embrace their identity, and to discover who they are. Our scholars are empowered to be bold so that they can impact their communities as the next generation of socially-conscious leaders. Thanks to the IPC Foundation funding we were able to enhance our rising 4th grade scholars’ curiosity by providing them with needed technology and instructional materials for math and science classes. ~D r. Brandi L. Tucker, Director of Student Affairs and School Community

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Oak Mountain Missions Oak Mountain Missions is a 501c3 nonprofit organization, founded in 2001, that demonstrates Christ’s love by providing food, clothing, furniture, and financial assistance to those in need in Shelby County and the Greater Birmingham area.

• E verything is given at no cost to referred, qualified clients. Individual donations, •

•

volunteers, four part-time employees, funding from faith support churches, grants, and the Harvest of Hope fundraiser makes this assistance possible.

I n 2021, we saw clients more than 4,000 times and provided more than $175,000 in financial assistance. Mindful of the health and safety of those we serve and our volunteers, support of food, clothing, and other forms of assistance are provided contactless to clients.

T hrough the generous grant from the IPC Foundation, we will be able to upgrade our operating system by updating computers, printers and software. Our goal is to implement a more streamlined process to aid clients expeditiously and with dignity and love.

“

With the support and prayers of the IPC Foundation, Oak Mountain Mission will continue its Mission of service and love to our neighbors throughout Shelby and Jefferson counties. By offering food, clothing, and financial assistance, we strive to offer hope to those who too often feel hopeless and share the love of Christ with those who so desperately need compassion. ~ Anna Scott, Director

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One Place Metro Alabama Family Justice Center The mission of One Place Family Justice Center is to provide coordinated services to victims and survivors of domestic and sexual violence through a multi-disciplinary team of professionals working together under one roof.

• I n 2021, we drew 45-50 attendees, representing law enforcement, social services, nursing,

•

prosecution, advocacy and other community systems, to our monthly community stakeholder meetings. Training topics included vicarious trauma, restorative justice, domestic violence and firearms, and Camp HOPE America. In October 2021, we reached more individuals than any month previously, as 800+ individuals from across the community attended information sessions and trainings through One Place.

I n 2021, One Place partnered with seven local Jefferson County municipalities for the first time to present Domestic Violence Proclamations at local city council meetings, with opportunities to raise domestic violence awareness and highlight One Place resources and services available for local residents.

• O ne Place completed a readiness and planning year for Camp HOPE America, a national, yearround camping and mentoring program for children and teens impacted by domestic violence.

In preparation to launch the program, staff attended training to learn about the curriculum.

“

After five years of planning and goal-setting, our move to a beautiful, new facility this year in the midst of so many challenges reminded us of the power of believing in our dreams. It is a place filled with hope for survivors. We could not have accomplished this goal without the IPC Foundation’s belief in us and commitment to our mission. ~ Allison Dearing, One Place Executive Director

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Shepherds Fold Shepherds Fold is a transition home designed to address the needs of men at risk of incarceration or recidivism.

The mission of the ministry is to equip individuals released from prison, through its six-month transitional program, to make a genuine life transformation after prison and become contributing members of society.

• The six-month program is designed to provide opportunities that support successful transformations, • •

from the inside out, to empower, strengthen and create productive, contributing members of society.

Assessments, intervention, and oversight with community partners are provided to ensure top quality care and end results. Graduates of Shepherds Fold have approximately 3% recidivism and the resident employment rate is 100%.

Services include: Providing food, shelter, and clothing; aid in finding employment; money management and budgeting classes; relapse prevention assistance and outpatient rehab support; peer support groups; help obtaining a GED diploma; education and certifications through local community colleges; trade training and certification; and Samford University health screenings, transportation, life skills and relationship classes.

“

Over the many years we have recognized the generosity of IPC which has allowed Shepherds Fold to provide continuous support to men who have been incarcerated and homeless. Our goal is to change the institutional mindset of these men and to turn their hearts to Christ in order for them to become productive citizens. The support we receive allows us to provide food and shelter, transportation to and from work, educational, social, spiritual as well as medical support. ~ J ack P. Hausen, Executive Director

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The WellHouse The WellHouse exists to honor God by rescuing and providing opportunities for restoration to female victims of human trafficking who have been sexually exploited.

Programs at the WellHouse support female adults and youth who are survivors of sex trafficking on their healing journey.

•H olistic, comprehensive programming is available to all

•

•

women and girls regardless of age, race, color, creed, or religion, and includes physical, mental, emotional, and spiritual aspects throughout multiple phases to foster a safe, peaceful place for women and girls to experience true life transformation.

P rograms offered by WellHouse Woman include: Rescue, Stabilization Center, The Immediate Shelter short-term home, Next Steps to Freedom long-term home, and Next Steps to Independence transitional living apartments.

W ellHouse Child recently opened as a safe place to heal for child trafficking victims.

Leadership of The WellHouse believes that the best way to understand the impact of their ministry is from the survivors themselves. Here is a recent quote from a WellHouse resident in long-term home Next Steps to Freedom, when asked what The WellHouse means to her.

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The WellHouse has given me a place to heal and reflect while teaching me how to navigate life while living with trauma from my past. The gratitude I feel towards this amazing ministry can best be said in Philippians 1:3 ‘Every time I think of you, I thank God for you.’ Because of the love I have received from The WellHouse and all the healing they have cultivated in my life, I have high hopes for my future.

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Unitized Fund The Alyson L. Butts Fund Established in 2009 with the purpose to promote Youth Ministry at IPC, The Alyson L. Butts Fund provides financial assistance to support the youth of IPC. Playing an active role in the life of the church, the youth of IPC serve as tribal assistants at Bibletimes Marketplace, provide and serve dinner to the wonderful women and children at First Light, attend local Barons’ games, gather for weekly Youth Group, and worship together on Sunday mornings.

The Alyson L. Butts Fund was established in honor of Mrs. Aly Butts’ years of service to the youth of IPC, especially the period from 20012009, when she served as Assistant Director for Youth. Today she remains an active and engaged member of IPC with a passion for the youth of IPC. In 2021, as IPC was able to re-open its doors for in-person gatherings, the leaders of IPC’s Youth Ministries began doing all that was possible to prepare for full programming.

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to meet the needs of the future leaders of IPC. Averaging 20 youth participating weekly in Youth Group, dinner was provided each week through this fund to ensure that everyone could attend without any barriers.

This fund also helped support 27 Confirmands in 2021 including the 2021 Confirmation retreat, in which the class participated in activities to help build relationships with one another and their Covenant partners.

At the end of Confirmation, this fund supported a luncheon held on Nov. 7 where Confirmands were officially voted on and recognized as members of IPC’s congregation. On Nov. 14, IPC warmly welcomed the 2021 Confirmands to its community of faith during the morning services. A cross necklace was presented to each Confirmand to symbolize their public profession of faith.

Today the fund continues to encourage and provide excitement for all that God has in store for Youth Ministries at IPC. God is moving in the lives of the youth and we can’t wait to see all that He does through the Alyson L. Butts Fund today and in the years to come.

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2021

ANNUAL REPORT OF THE PRESIDENT

Our Purpose The purpose of the Foundation is to extend IPC’s ministries through the use of endowments.

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2021

Board of Directors Beth Adams Tom Adams Margaret Brunstad Houston Cook, Treasurer Susan Dulin John Johnson Patricia Harper Bud Keller, Vice President Kevin Long, IPC Pastor Head of Staff

Denise Moore, Executive Director John Norris Melissa Patrick, Reverend Foots Parnell Jean Shanks Donna Smith, President Sumner Starling Melanie Talbot Lyda White Will Wykle

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The Year in Review The Grantmaking Committee oversees distribution of funds, including the Beeson Fund and the 43 Unitized Funds. In 2021, the committee chaired by Margaret Brunstad:

The Finance Committee actively oversees financial matters, with its major focus being the investment of Foundation endowments. In 2021, the committee, chaired by Houston Cook:

• Conducted the annual IPC Foundation

• Met quarterly with the Foundation’s investment

•

• •

•

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grants cycle. Reviewed 103 applications (18 from new applicants) and awarded 95 grants for $2.0 million. The grants were distributed in mid February.

Managed a Youth Grant team of about 14 junior and senior high school students charged with researching and recommending distributions totaling $20,000.

Approved 32 grant requests for small grants totaling $163,000.

Approved 6 emergency grants for 33,200 to assist with natural disasters in Alabama, Kentucky and Haiti and to provide financial relief to organizations struggling from the pandemic.

Approved distributions from 35 Unitized Funds totaling $695,000, benefiting mostly IPC but includes funding to other organizations such as STAIR, Kirkwood, SOZO and The Wellhouse.

advisors and reviewed investment performance compared to benchmark, monitored asset allocation, reviewed manager performance and fees, and discussed industry outlook.

-E nded the year with blended net return of 10.49%, slightly shy of the benchmark return of 10.75%.

• Reviewed and set spending policy for 2021 – reaffirmed 4% for all Funds.

• Received the annual financial audit, which had no findings.

2021

FINANCIAL HIGHLIGHTS

$79.9 MILLION NET ASSETS

Beeson 10.52%

IPC Foundation Total Return YTD Dec. 31, 2021

Unitized 10.43%

Composite 10.49%

Benchmark 10.75%

The Development Committee oversees efforts to publicize the Foundation and grow the endowments. In 2021, the committee, chaired by Foots Parnell:

• Published the 2020 Annual Report.

• Held five lunch and learns in person

and/or via zoom (HICA!, i3 Academy, Community on the Rise, Hope International and PARCA).

The Governance Committee handles matters which span multiple committees. In 2021, the committee chaired by Donna Smith:

• Nominated 2022 officers and

proposed new directors to replace those whose terms end in 2021.

Donna Smith, 2021 President The Independent Presbyterian Church Foundation

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Overview of the Foundation The Independent Presbyterian Church (IPC) Foundation is a 501 (c) (3) corporation formed in 1973 in Birmingham, Alabama. The purpose of the Foundation is to extend IPC’s ministries through the use of endowments.

A History of Major Giving & Fund Creation The early years of IPC were devoted to building and beautifying the church and the Children’s Fresh Air Farm. This work absorbed all available funds, as well as requiring a mortgage of $150,000. When the Depression came, repayment had to be deferred. This phase of our history ended in 1943; a pledge of $50,000 by Robert I. Ingalls generated a swell of enthusiasm; a congregational dinner was held to secure the additional pledges needed to retire the debt. The instruments of indebtedness were burned at the annual congregational dinner on January 19, 1944.

From its early days, the Children’s Fresh Air Farm attracted support from within IPC and from the community at large. The primary benefactor was Robert R. Meyer, not an IPC member but a friend of Henry Edmonds.

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Mr. Meyer underwrote much of the Farm’s annual operating expenses and purchased the property for the Farm. Later he made two gifts to provide permanent support. First, he pledged $50,000 in 1943, subject to IPC’s contribution of an additional $25,000. Then, through his will in 1947, he gave $75,000, subject to IPC’s contribution of another $25,000. This sum of $175,000 formed the initial balance of the Robert R. Meyer Children’s Fresh Air Farm Fund, the Foundation’s first endowment.

IPC’s second endowment came in 1961, when the C. Eugene Ireland Fund was established to hold bequests of C. Eugene and Annette Ireland, which totaled $883,000. The Irelands suggested several causes to be supported by the Fund, but left the decision with IPC.

Between 1982 and 1984, IPC received the seed gifts that became the Orlean and Ralph W. Beeson Fund. The Beesons gave $540,000 during their lifetimes, and added bequests that brought total contributions to $18.6 Million.

The Beeson Fund is devoted to “the benefit of mankind, the education of youth, the relief of human suffering, and propagation of the Christian religion.” In 2001, the Trust was reformed to allow the Trustee to allocate some portion of principal growth each year to income thereby calculating distributions based on a “total return” approach. Due to inconsistencies in the Testamentary Documents as reformed in 2001, the administrative provisions of the Trust were restated in 2014 into a single document to provide a clear and concise statement of donor’s binding intent.

The Children’s Fresh Air Farm Capital, Program, Maintenance, and Development Fund was established in 1987 by an anonymous donor with an initial gift of $500,000. Additional donations from the donor’s family totaling $6,387,118 have since been received. The Children’s Fresh Air Farm is the primary beneficiary, but the Fund also provides support to IPC. Since this time, the Foundation has steadily grown every year. For a complete list of funds and descriptions, see The Unitized Funds on page 35.

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Honoring Founding Pastor Dr. Henry M. Edmonds The IPC Foundation created The Henry M. Edmonds Society (HME Society) to recognize those who have named the Independent Presbyterian Church Foundation as a beneficiary of a planned gift. Named in memory of Dr. Henry M. Edmonds, the founding pastor who led the church from 1915- 1942, the Society encourages

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gifts to the Foundation that support the mission and ministries of the church. Anyone who informs the Foundation in writing that the Foundation is included in his/her estate plan will be a member of the HME Society. See Appendix B on page 41 for a list of its 89 members.

The Grants Process During 2021, grants were awarded totaling $2.0 million.

Income is distributed in accordance with the 2014 Restated Trust across the following categories: Missionary support for up to eight families to spread the gospel, Scholarship Aid to Protestant Christian Theological Seminaries and Small Colleges or Universities associated with the Protestant Christian Faith, organizations providing medical care and services to the indigent, agencies and organizations for general charitable purposes.

IPCF Grant Cycles The primary grants cycle, known as the IPCF Annual Grants, is carried out by the Grantmaking Committee of the Foundation, which includes Foundation board members and members from IPC’s Community Ministries Team. IPCF grants provide support to people in the United States, Central and South America, Africa, Europe, and Asia. Each grant has a story attached: feeding the hungry, educating the needy, healing the

sick, caring for widows and orphans, lifting the oppressed, and spreading the Good News to a troubled world.

Grant applications are evaluated in the summer and fall, and site visits are made where feasible.

Grants are approved at the November meeting of the Board and distributions are made the following February.

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IPCF Scholarship Grants provide financial aid to students at Protestant Christian theological seminaries and small Protestant colleges and universities. Applications from school admission directors for needs-based financial aid are accepted at any time; responses are given within 30 days. The Foundation maintains a reserve for IPCF Emergency Grants to respond to needs too urgent to await the Annual Grants cycle.

Finally, the Foundation recognizes that smaller needs do not justify the effort of a formal grant application. Accordingly, IPCF Small Grants are awarded monthly in a streamlined manner.

The Administrative Fund The Foundation maintains an Administrative Fund for the purpose of paying grants and distributions from the endowments as well as the administrative expenses of the Foundation. Administrative expenditures for 2021 are less than 0.4% of total assets. As of December 31, 2021, the asset balance in the Fund was $154,930.

Investment Performance and Fees The Foundation has a long-term investment horizon and maintains equity-market exposure through good and bad times, but strives to limit the impact of downturns. On balance, this approach has served us well. As shown to the right, the Foundation has benefited over the last several years.

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The IPC Foundation fees of .20% of assets are well below the average median for a foundation our size. For foundations of similar size, the average fees are .42%.

The Power of Endowments Endowments are truly gifts that keep on giving, as donations small and large combine to create permanent support. To illustrate, consider the Beeson Fund. The bequests that comprise the bulk of the endowment were received in 1988 and 1990. Since then, for each $1 received: • $ 2.40 has been withdrawn to support the ministries specified by the Beesons • $ 3.01 remains in the Fund to generate income for future support of those ministries.

Independent Auditor’s Report The annual independent audit for 2021 is in the process of being prepared by Haley & Woods, LLP.

2021 GRANTS AND UNITIZED SUMMARY

IPC Foundation

Mission Statement The Independent Presbyterian Church Foundation encourages and receives contributions for the endowment of the Independent Presbyterian Church, invests its funds to accomplish the donor’s intentions, and seeks innovative and responsive ways in which its assets may serve Christ’s church, the community and the world.

AREAS SERVED 7%

2% 3%

11%

77%

BIRMINGHAM, AL

AFRICA

UN ITED STATES

ASIA

OTHER

PURPOSE 18% 35%

19%

28% IPC

MISSION SUPPORT

EDUCATION

CHARITABLE

COMPOSITE PORTFOLIO RETURNS AFTER FEES YEAR-BY-YEAR 14.9%

15%

12.8%

12.6% 10%

10.5%

5%

-4.7%

0% -5%

2017

2018

2019

2020

2021

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The Unitized Funds Year Formed

Purpose and Market Value

Fund Purpose

Market Value

The Unrestricted Funds Covenant Fund

1982

Unrestricted - supports Independent Presbyterian Church Operating Budget

M. Scott McClure Fund

1997

Church support, customary or extraordinary

Robert R. Meyer CFAF Fund

1943

Children’s Fresh Air Farm

$2,533,067

CFAF Campship Fund

1949

Children’s Fresh Air Farm

$992,709

CFAF Capital Development Fund

1987

Children’s Fresh Air Farm

$9,736,185

C. Eugene Ireland Fund

1961

Various areas including but not limited to Children’s Fresh Air Farm, Kirkwood, Social Services

$1,694,524

Children’s Fresh Air Farm General Fund

2002

Children’s Fresh Air Farm

$159,856

Lydia C Cheney Fund

2011

Support education of underprivileged youth (currently Children’s Fresh Air Farm Summer Learning Program)

$151,783

Yarboro Community Ministries Fund

2006

Augment community ministries of IPC; combines with Beeson Fund for grant giving

Sue Aldridge Newton Fund

2012

Music and Fine Arts for underprivileged youth

$2,193,114 $66,720

The Children’s Fresh Air Farm Funds

The Community Ministries Funds

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$1,688,106

$81,834

Children’s Christian Education Fund

2012

Christian Faith programs at IPC for underprivileged

$128,518

Dave and Jo Self Fund

2016

Community Ministry Programs - currently supporting Social Services

$203,319

Wayne and Frederica White Fund

2018

Assistance to needy families including but not limited to SOZO (supports Uganda orphanages)

$100,593

Robert C. and Lindsey Ring Fund

2018

Serve the needs of the poor, particularly the need for transitional housing and to combat human trafficking

$30,520

The J. Houston and Sheri S. Cook Family Fund

2019

To Support the ministry of Independent Presbyterian Church

$83,615

The Pelham Family Fund

2020

Provide financial support for the IPC Food Pantry and/or organizations in the community that address food insecurity

$27,127

Steele Memorial Fund

1982

Support November Organ Series and related musical needs of IPC

$123,203

Caroline Nissly Stayer Choral Music Fund

1984

Benefit for the choral music program at IPC

$14,872

Joseph and Betty Schreiber Performance Fund

1998

Accumulate funding for preparation and performance of major choral works for presentation to IPC

$95,220

Religious Arts Festival Fund

2000

Support for Religious Arts Festival

1984

Assistance for Christian Education including guest speakers, assistance to members in need to attend events

The Music & Fine Arts Funds

$121,043

The Christian Education Funds Nabers Christian Education Fund

$37,179

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Margaret M. McClure Library Fund

1995

Funds for IPC to buy books and other educational support materials

Paul Romjue Focus on Faith Fund

2000

Annual distributions for Focus on Faith event

$106,021

Barbara Noojin Walthall Bible Study Fund

2003

Honorarium and travel expenses for annual speaker

$147,678

Jeanne Isaacs Children’s Ministries Fund

2005

Children’s Ministries of IPC

Bessie Herron Lester Fund

2007

STAIR (Start the Adventure in Reading) of Birmingham - IPC program

Alyson L. Butts Fund

2009

Youth Ministry

Clinton Williams Taylor Fund

2011

Support youth ministries such as mission trips, special activities, and needs based support to attend youth events

$160,596

Jere White Children’s Ministry Fund

2014

Support children’s Christian Education at IPC, particularly Catechesis of Good Shepherd program as long as it is offered

$22,664

The Gerald J Pulliam Fund

2015

Maintain and expand the Catechesis of the Good Shepherd program at IPC

$16,308

HERO Fund

2008

Need based financial assistance to Day School parents

William W. Featheringill Technology Fund

2013

Technology to advance education at Day School

$42,906

IPC Day School Endowment Fund

2015

Support to advance and enrich the quality preschool education

$87,583

$71,922

$74,651 $114,106 $41,454

The IPC Day School Funds

37 | IPC

$232,476

The Pastoral Care Funds Pastoral Care & Counseling Fund

1985

Subsidizing counseling services for people in need

$60,181

Martha Steger Estes Fund

2004

Combination of library and member care

$77,529

Garnet Deramus Congregational Care Fund

2006

Congregational Care Ministries of IPC

The Lucy Turner Pastoral Care Fund

2020

Provide Financial Support primarily for counseling services to members and non members

Katherine A. “Libby” Kidd Facilities Fund

2008

Support for IPC facilities

The Garden Fund

2018

Provide for creation, enhancement and maintenance of the gardens of IPC

$75,117

IPC Educational Scholarship Fund

1967

IPC Scholarship awards for those in need

$42,121

The Pastors’ Support Fund

2018

Provide support for IPC’s Pastors and Senior Staff

The Boy Scout Fund

2018

Support the physical, mental and moral education and training of youth as prescribed by the Boy Scouts of America

$410,619

2020

Provide financial support to IPC across three main areas: Building Facilities, Community Ministries, and Pre-School Education for low income children

$275,274

$108,388

$29,515

The Facilities Funds $149,919

Other Funds

The Jane M. and Henry V. Graham Fund

$1,032,421

Subtotal: IPC Foundation Endowments Total Unitized Funds

$23,642,553 2021 Annual Report | 38

Appendix A | 2021 IPC Foundation Grant Awards Charitable

459,330

Presbyterian Home for Children

12,500

Addiction Prevention Coalition

5,000

Raleigh’s Place

27,500

Affordable Counseling Therapy

7,500

Red Mountain Theatre Company

5,000

Alabama Kidney Foundation

5,000

Ronald McDonald House

5,000

Alabama Sheriff Youth Ranch

5,830

St. Vincent’s Foundation of Alabama

7,500

Albert Schweitzer Fellowship of Alabama

5,000

Studio by the Tracks

5,000

Alzheimer’s of Central Alabama

5,000

The Bell Center

7,500

Angel Flight

4,000

The Dance Foundation

3,500

Assistance League of Birmingham

5,500

The Exceptional Foundation

5,000

Changed Lives Christian Center

20,000

The Morgan Project

5,000

6,000

The Salvation Army

10,000

Collat Jewish Family Services

7,500

Trips for Kids Birmingham

3,000

Community Furniture Bank

12,000

UAB School of Nursing

1,000

Children’s of Alabama

Community Grief Support Service

7,500

UAB Visual & Performing Arts United Ability

10,500 3,000

Community on the Rise

15,000

Crosswinds Foundation

3,500

United Way of Central Alabama

10,000

Disabled American Veterans

4,500

Vax 2 Stop Cancer

10,000

Empowered to Conquer

3,500

Woodlawn Foundation

12,500

Episcopal Place

10,000

YouthServe

5,000

Family Promise of Birmingham

10,000

YWCA Central Alabama

5,000

First Light

65,000

Friends of Birmingham Botanical Gardens

3,000

Mission Support

Heart Gallery Alabama

7,000

Alabama Interfaith Refugee Partnership

Impact America - Alabama

7,500

Be Team International

52,000

10,000

Bread for the World

5,500

King’s Home

1,053,972 7,500

Laura Crandall Brown Foundation

5,000

Brother Bryan Mission

7,500

Mason Music Foundation

3,500

Church of the Risen Christ - Ukraine

5,000

Montreat Conference Center Norma Livingston Ovarian Cancer Foundation

10,000 5,000

CURE International

33,000

Food For Our Journey

17,500

Oasis Counseling for Women & Children

15,000

Friends of Forman Christian College

Offender Alumni Association

10,000

His Kids Too!

21,000

One Place Family Justice Center

15,000

Hope Inspired Ministries

15,000

Hope International

10,000

Pathways

39 | IPC

7,500

8,000

Hope Walks

14,000

Birmingham Talks

7,000

IPC Social Services

30,000

BridgeWays

5,000 5,000

IPC

260,000

Brilliant Kids Academy

Kirkwood by the River

108,972

Build UP

27,500

Lift up the Vulnerable

36,000

Cahaba River Society

10,000

Living River

48,000

Cahaba Riverkeeper

2,500

9,000

Cornerstone School

13,500

Living Waters for the World Louisville Presbyterian Theological Seminary

23,000

Low Income Housing Coalition of Alabama Magic City Harvest

Desert Island Supply Co.

7,500

3,000

Foundations Early Learning & Family Center

7,500

7,500

Girls Inc.

7,500

Marion Medical Mission

26,000

GirlSpring, Inc.

7,000

Medical Missions, Inc.

30,800

Grace House Ministries

10,000

Ministry of Hope Lesotho

17,000

Holy Family Cristo Rey

5,000

Mwandi UCZ Mission Hospital Board of Trustees

29,000

Jones Valley Teaching Farm

Oak Mountain Missions Ministries

5,500

Lee University

OnePlanet

8,000

Legacy Prep

Pink Girl (Power in Knowledge)

10,000

Louisville Presbyterian Theological Seminary

Presbyterian Church USA

3,000

Magic City Acceptance Academy

Presbyterian Disaster Relief Fund

2,700

Maryville College

10,000 2,500 15,000 3,000 15,000 8,000

Presbyterian Mission Agency

18,000

M-Power Ministries

Rwanda

50,000

Restoration Academy

Society of St. Andrew

21,000

SAIL

SOZO Children

13,000

Samford University

3,000

5,000

Spring Valley School

10,000

The Outreach Foundation

47,000

STAIR of Birmingham

55,000

The WellHouse

12,000

Teach for America

45,000

Urban Ministry

22,500

The Literacy Council

10,000

Wesley College Foundation

12,000

Tusculum College

The Chalmers Center at Covenant College

United Way of Central Alabama

Education

500,000

Alabama Possible

7,500

Better Basics

8,000

Birmingham Southern College

5,000

Grand Total

12,000 15,000 147,000

4,000 10,000

2,013,302

2021 Annual Report | 40

Appendix B | The Henry M. Edmonds Society Anonymous (3) Susie Abbott Beth & Scott Adams Lowell & Ken Adams Peggy G. Balliet & Michael Balliet Louise H. & John G. Beard Dorothy Deramus Boyd* C. Dwight & Melissa Brisendine Kathryn Brown* Mr. & Mrs. James W. Brunstad Bebe & Charlie Bugg Peter & Derry Bunting Patricia Byrne & Thomas King Byrne, Jr., M. D.* Anne G. & Joseph F.* Carey, Jr. Dr. William J. Carl, III & Jane Alexander Carl Bill & Maria Casey Jan & Stan Cash Lydia C. Cheney Alice Dugger Stevens Christenson Robert* & Caroline Clayton Rev. Susan A. Clayton Foster Cook & Rowena Macnab J. Houston & Sheri S. Cook Mr. & Mrs. D. Paterson Cope Eleanor Sample Cushman* & Gene Moore Cushman Sarah & Charley Duggan Bryson & Katharine Edmonds Mr. & Mrs. William F. Edmonds* Carolyn Featheringill Frances & Miller Gorrie 41 | IPC

Charles & Carolyn Goslin Jeff & Laurie Grantham Patti Hammond Penney & Roger Hartline Susan Nabers Haskell Wilson & Anne Hauck Elizabeth E. & Joel R.* Hillhouse John L. Hillhouse, Jr. James & Elizabeth Holloway Elaine Huckleberry Kate Jackson* Gregory & Karen Jeane John & Martha Johnson George & Cindy Keller Joan Whitfield Lightfoot Verna L. & John M. Lyons Arthur * & Cornelia Malone Hobart* & Ellen McWhorter Mrs. Jean Hodo Miller* Mr. William M. Miller* Kathryn & Benjamin Miree Ira & Anne Mitchell Ann & Richard Monk Jon & Denise Moore Cmdr. Morgan W. W. Murphy, Sr. Kathryn M. Murray Mr.* & Mrs. Alexander W. Newton Charles* & Betty Northen Valerie & Tom Pankey Mr. & Mrs. Leighton C. Parnell, III Henry & Carolyn Ray Martha & Mallory Reeves Lindsay Pulliam Ring

Jo & David* Self Frances & Jimmy Shepherd Sandra Stingily Simpson Jim & Hendrika Snow David & Kelly Sorrells Warren* & Irma St. John Jeane Baughan Stone Robin & Jim Sulzby Frank & Fairy Sutherland Melanie L. Talbot Mr. & Mrs. George M. Taylor, III Mr. & Mrs. Raymond W. Terry, Jr.* Dr. & Mrs. Thomas Thomson Jason Coy Turner & Robert William Listerman* Karla & David Turner Rev. Lucy Exum Turner Ellen Gorrie Walker Kennon & Ann Walthall Lyda White Clarence C. “Doc” Wiley, Jr. * Alice McSpadden Williams* & N. Thomas Williams Dr. Edward & Amanda Wilson Paul O. Woodall

(* Deceased)

Appendix C | Financial Information

2021 Annual Report | 42

F O U N DAT I O N