LIVING
into the New Normal
2021 ANNUAL REPORT
Mission
Statement The mission of the United Methodist Foundation of Louisiana is to be a catalyst that strengthens and preserves our current ministries while meeting the needs of a diverse and rapidly changing society.
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United Methodist Foundation of Louisiana
2021
Annual Report Table of Contents
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Letter from the President.......................................4 By the Numbers.......................................................5
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Statement of Activities............................................6 Balance Sheet.........................................................7 Planned Gifts...........................................................8
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Grants................................................................... 10 The Year in Review............................................... 12 Board of Trustees................................................. 18
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Board Committee................................................. 19 Staff...................................................................... 20
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In Memoriam........................................................ 22
2021 Annual Report
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Letter
from the President
Dear Friends of the Foundation,
T
he year 2021 was filled with change and adjustment to a new way of living in many facets of our lives. It was filled with hope for an end to the pandemic, wild market swings and economic ups and downs. Our shared resilience and reliance on each other became more critical every day. “Living Into the New Normal” describes not only the impact 2021 had on the Foundation, but also how we have made adjustments as a faith community. Our churches have had to adjust to hybrid approaches to worship, learning and fellowship, and they continue to develop ever-changing models of church attendance and engagement. In 2021, the Foundation made significant progress in several key areas of ministry with our donors and our partners in the Louisiana Annual Conference of the United Methodist Church. In a year of economic uncertainty and market volatility, our investment funds provided outsized returns to our clients while continuing to adhere to ESG investing principles. Our grants program continued to fund innovative ministry ideas and critical clergy leadership development. In addition, the grants committee revised the program to focus on new key areas of support going forward. The Foundation also celebrated the career of President and CEO Rob Fairly in 2021. Rob announced his retirement early in the year, and I am blessed to step into the role and lead the Foundation in its next chapter.
The writer of Proverbs assured us with these timeless words: “Trust in the Lord with all your heart, and do not lean on your own understanding.” (Proverbs 3:5). It is my hope for you and your family that you take these words to heart, and they provide a measure of assurance in the days to come. Thank you for your continued support, and for your trust and confidence in the Foundation. May God continue to bless you all.
Change. Adjustment. Resilience. These words are all apt descriptions of the year and hallmarks of what it means to “Live into a New Normal.” But no matter how our world has been changed, one thing remains: God’s continued love for us.
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United Methodist Foundation of Louisiana
Chris Spencer President/CEO
2021
By the Numbers
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1980 1995
2000
→
de
n sU
t se s A
m
e ag
n
a rM
t en
2005
2010
2015
2020
2021
$40,500,000
$123,903
Value of planned gifts established since 1975
Value of planned gifts established in 2021
Amount distributed to churches and donors from planned gifts in 2021
$485,690
$8,000,000
$1,375,000
Amount awarded in grants to fund ministry in 2021
Amount awarded in grants to fund ministry since 1975 2021 Annual Report
$1,548,883
Amount provided in seminary service loans since 2000
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2021
Statement of Activities United Methodist Foundation of Louisiana December 31, 2021
Without Donor With Donor Restrictions Restrictions Total SUPPORT AND REVENUE Contributions and Bequests $ 123,903 $ 1 ,037,556 $ 1,161,459 Interest and Dividends 877,159 648,671 1,525,830 Management and Consulting Fees 930,728 930,728 Total support and revenue prior to release from restrictions 1,931,790 1,686,227 3,618,017 Net Assets Released From Restrictions
2,809,268
(2,809,268)
-
Total support and revenue
4,741,058
(1,123,041)
3,618,017
EXPENSES Program services: Charitable Trusts, Annuities and Endowments Grants & Gifts Total program services Support services: Management and general
2,389,643 485,690 2,875,333
-
2,389,643 485,690 2,875,333
1,288,454
-
1,288,454
Total expenses
4,163,787
-
4,163,787
Other changes: Change in value - split interest agreements Unrealized Gain (Loss) on Investments Realized Market Gain Total other changes
(386,913) 530,421 143,508
106,430 4,634,171 551,082 5,291,683
106,430 4,247,258 1,081,503 5,435,191
720,779
4,168,642
4,889,421
Net Assets, Beginning of Year
$ 8,362,707
$ 36,337,570
$ 44,700,277
Net Assets, End of Year
$ 9,083,486
$ 40,506,212
$ 49,589,698
Changes in Net Assets
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United Methodist Foundation of Louisiana
2021
Balance Sheet United Methodist Foundation of Louisiana December 31, 2021
Assets Cash & Cash Equivalents Accounts Receivable Accrued Interest Receivable Investments at FMV Mortgages Receivable, net Cash Surrender Value of Life Insurance Real Estate held in Trusts Property & Equipment, Net TOTAL ASSETS
$ 7,557,285 2,513 201,095 213,015,120 8,998,901 83,200 1,236,246 14,341 $ 231,108,701
Liabilities & Net Assets LIABILITIES Accounts Payable Amounts Held for Others Liabilities Under Unitrust Agreements Liabilities Under Gift Annuities & Reserves
$ 11,635 178,314,866 1,991,338 1,201,164
TOTAL LIABILITIES
181,519,003
NET ASSETS Without donor restrictions: Undesignated With donor restrictions
9,083,486 40,506,212
TOTAL NET ASSETS
49,589,698
TOTAL LIABILITIES & NET ASSETS
$ 231,108,701
2021 Annual Report
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2021
Planned Gifts A
ccording to the Book of Discipline of The United Methodist Church, the Foundation’s primary purpose is to promote planned giving for the sustainment of the church and its ministries. The Foundation
continues to achieve that purpose through the generosity of its donors. This year, the following planned gifts were established through the Foundation:
Louis A. Day Leadership Endowment for the United Methodist Foundation of LA
Dr. Louis A. Day
Chuck & Kay Morgan Memorial Endowment Fund for St. Paul’s UMC, Monroe
Dr. Charles and Margo Morgan
Charitable Gift Annuity for the benefit of First UMC, Monroe
Gene and Marsha Baker
Dr. Louis A. Day
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Dr. Charles and Margo Morgan
United Methodist Foundation of Louisiana
Gene and Marsha Baker
Planned Gifts
P
lanned giving is a way for donors to help others while including the church or other ministries as part of their estate plan. Also called “legacy gifts,” they are realized at the donor’s
How do they work?
passing, and can provide many tax benefits, as well as contribute to the security of the church or ministry. The planned gifts received at the Foundation in 2021 included endowments and charitable gift annuities.
In 2021, the Foundation distributed $685,388 to local churches and Methodist ministries through Endowments
In 2021, the Foundation distributed $137,001 to donors through CGAs
2021 Annual Report
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2021
Grants T
he Foundation’s Grants Committee, chaired by board member Dr. Debra Davis, approved $485,690 to fund ministries in 2021. Church Revitalization received the largest amount of grant dollars, for office staffing and training initiatives for the Congregational Development and Transformation office of the Louisiana Annual Conference.
Another top grant category was leadership training for clergy, via the Advancing Pastoral Leadership program, Practical Church Leadership through Dakota Wesleyan University and Strengthening Black Church for the 21st Century 2021. This investment in our clergy provides ongoing systemic support for the church, as it strengthens pastors’ skills to be effective leaders and administrators.
Cohorts 1 and 2 of the Practical Church Leadership program at Dakota Wesleyan University pose for a quick photo at Gathering III in Oklahoma last year. Left to right: Foundation President Chris Spencer, Rev. Lamar Oliver, Rev. Stephen Fife, Rev. Jo Ann Cooper, Rev. K.C. Roberson, Rev. Lane Winn, Rev. Ben McGehee, Rev. Michelle Harris, Rev. Ronnie Southall and Dr. Debra Davis, Foundation Board Member.
Chris Spencer (right) delivers the Foundation’s contribution to the new Children’s Home in Robert, La., to Children’s Home President & CEO Rick Wheat (left).
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Dr. Gloria Fowler of the Louisiana Annual Conference conducted multiple training sessions with grant money for Congregational Development and Transformation.
United Methodist Foundation of Louisiana
Grant
Summary 2021 Grant Recipients Church Revitalization & Transformation
Amount Awarded $157,863
Leadership Training for Clergy and Lay Leaders
$77,550
Campus Ministry
$71,835
Methodist Children’s Home in Robert, La.
$60,000
Digital Media & Coaching
$35,262
Seminary Education
$32,000
Endowment Matches for Churches
$20,000
Stewardship and Planned Giving Education
$18,815
Disaster Relief
$12,365
TOTAL
$485,690
The Foundation contributed $60,000 in 2021 for the new Methodist Children’s Home in Robert, La.
The Foundation has provided $1,375,000 in seminary service loans since the program began in 2000. 2021 Annual Report
When natural disasters hit our state, the Foundation contributed over $12,000 to disaster relief.
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The Year
in Review
Living Into the New Normal The year 2021 started with many of us working virtually from home, socially distancing from one another and wearing face masks, after COVID-19 altered our way of living and working. The pandemic, combined with natural disasters, new leadership and a possible denomination shift, has created a “new normal” for all of us.
Rob Fairly Announces Retirement
Early in the year, President Rob Fairly, who served the Foundation as a development officer from 1998 to 2005, Executive Vice President in 2005 and as President since 2006, announced his retirement, effective June 30. The Foundation hosted a retirement party in June, where friends, colleagues and family celebrated Rob’s 23 years of dedication and commitment to the work and ministry of the Foundation.
Tax Webinars for Clergy and Church Business Administrators
The Foundation was pleased to host two tax webinars featuring Rev. Nate Berneking in February, to help the nearly 100 clergy and church staff who attended prepare income tax returns, review features in the IRS tax code specific to clergy, and explore church financial issues. Berneking is Director of Finance and Administrative Ministries for the Missouri Annual Conference. New Board Members
Chris Spencer Named President
Val Lavigne
The Foundation’s Executive Committee named Chris Spencer President and CEO, to succeed Rob Fairly, effective July 1, 2021. Chris seemed a natural choice, having served as a development officer for four years. Foundation Board Chair Omer Davis said, “We are very fortunate to have someone with Chris’ experience and heart for the church to assume the presidency.”
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Rev. Drew Sutton
2021 Annual Meeting Held Virtually
The annual meeting, which was held by video teleconference on April 27, celebrated the Foundation’s 45th year and its growth to over $200 million in assets under management. Two new board members were elected: Val Lavigne, a lifelong member of Camphor Memorial UMC in Baton Rouge; and Rev. Drew Sutton, senior pastor of First UMC of Hammond. The following
United Methodist Foundation of Louisiana
board officers also were elected: Omer Davis, Chair of the Board; Rev. Michi Head, Vice Chair of the Board; Dr. Debra Davis, Grants Committee Chair; Chris Spencer, incoming Foundation President, effective July 1, 2021; Sandra Kuykendall, Secretary; and Tracie Wharton, Controller.
Higher Education Foundation Dollars for Scholars matching scholarship program. This year, three students benefited from our match: Matthew Carey, Asbury UMC, Lafayette; Emily Clarke, First UMC, Slidell; and Devan Martin, Live Oak UMC, Denham Springs. Each of these students attend Centenary College of Louisiana in Shreveport.
Dollar for Scholars Recipients
Practical Church Leadership at DWU
The Foundation has a long-standing commitment to clergy leadership over the years, and 2021 was no different. We sponsored seven clergy in the Dakota Wesleyan University’s Practical Church Leadership Program who graduated in 2021, and sponsored five more who enrolled in the class of 2022. The 2021 graduates include: Rev. Mark Goins, Rev. Lamar Oliver, Rev. Allison Sikes, Rev. Ronnie Southall, Rev. Leslie Stephens, Rev. Drew Sutton and Rev. Lane Winn.
Foundation Matches Funds in Dollars for Scholars Program
The Foundation has supported the academic careers of 18 Louisiana college students since 2017 by participating in the United Methodist
Clergy selected for the 2021-22 sponsorship include: Rev. Jo Ann Cooper, Rev. Stephen Fife, Rev. Michelle Harris, Rev. Ben McGehee and Rev. K.C. Roberson. The year-long course is designed to increase pastors’ capacity and confidence to be effective church leaders and administrators.
New Communications Intern Hired
Happy graduates at Cohort 1’s Practical Church Leadership graduation in Oklahoma. Pictured left to right: Rev. Ronnie Southall, Rev. Lane Winn and Rev. Lamar Oliver.
Dr. Lou Day, Alumni Professor Emeritus of the LSU Manship School of Mass Communication, established an endowment this year to support youth leadership development. The first project from the fruits of the Louis Day Leadership Fund was the hiring of Rebecca Herin, a communications intern who began working with
2021 Annual Report
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The Year
in Review
Continued from previous page
the Foundation in August. Rebecca is a third-year student at LSU, majoring in mass communication with a focus in public relations and a minor in business administration. She is assisting Foundation staff in the communications area with social media, email communication, digital media analysis and more.
Hurricane Relief
As if the pandemic were not enough chaos for the year, Hurricane Ida made a smashing appearance in southeastern Louisiana in late August. And though the Foundation was still supporting efforts to help the Lake Charles area after Hurricane Laura in 2020, relief efforts also went to those affected by Ida. The Foundation, along with First UMC of Baton Rouge, organized a clean-up day at First UMC of Hammond, where several trees crashed onto church buildings.
Chris Spencer and Rev. Drew Sutton in the midst of hurricane clean-up work at First UMC of Hammond.
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Todd Rossnagel presented two webinars on “Communication Strategies for Churches” to a combined group of 87 participants.
2021 Fall Webinar Series
When gathering in person was no longer an option for educational seminars and meetings, Foundation staff quickly turned to the technology of webinars. The 2021 fall line-up of educational offerings for donors, clergy and church leaders included: “Annual Campaigns in the Time of COVID-19,” led by planned giving expert and founder of Planned Giving Navigator, Karl Mattison. “Planned Giving Navigator,” also presented by Karl Mattison, gave an introduction to a Foundation-offered program for churches that provides resources to establish or enhance a planned giving program within the church.
Phyllis McLaurin, left and Chris Spencer, right, discuss the importance of documenting your personal, financial, legal and medical information in one of the Foundation’s fall webinars.
United Methodist Foundation of Louisiana
“Creating a Narrative Budget,” presented by Rev. Ken Sloane of UMC Discipleship Ministries, discussed how to construct a narrative budget for churches and why it’s needed. “Grant Writing 101,” led by non-profit professional Britney Winn Lee, delved into the world of grant writing, specifically the identification of grant opportunities, the cultivation of data systems, the writing of narratives, the ethics of fund dedication and the process of reporting. “Communications Strategies for Churches” was a two-part webinar led by Louisiana Annual Conference Director of Communications Todd Rossnagel, who reviewed what has and has not worked for churches in these pandemic times, as well as how churches can prepare for what church communication might look like in the next decade. “Taking Care of Business: A Roadmap For Those Who Will Some Day Take Care of You” took on a more conversational format when Phyllis McLaurin, author of a book of the same title, and Chris Spencer sat down to discuss the importance of documenting and sharing information concerning our personal lives for the loved ones who will care for us when we are no longer able to do so ourselves. Each webinar was recorded and is archived on www.umf.org.
Endowment Match Program
Year Est.
Broadmoor UMC, Shreveport
2020
Camphor UMC, Baton Rouge
2020
Covenant UMC, Lafayette
2019
First UMC, DeRidder
2019
First UMC, Lake Charles
2020
First UMC, Mansfield
2019
First UMC, Slidell
2019
Grand Cane UMC
2020
New Life Community, Luling
2020
North Cross UMC, Madisonville
2021
St. Francisville UMC
2020
St. Luke-Simpson UMC, Lake Charles
2020
St. Paul’s UMC, Monroe
2020
Wesley Foundation, Northwestern U.
2020
Wesley Foundation, LSU
2021
Total number of endowment matches
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Endowment Match Program
The Foundation continued its $5,000 endowment match program into 2021, offering churches the opportunity to double their money by establishing an endowment at the Foundation. Since inception in 2019, the Endowment Match Program has matched $90,000 to 15 churches and ministries. (See chart above.)
Non-profit professional Britney Winn Lee gave webinar participants an understanding of how to find, write, steward and follow up with grants, specifically in their ministry contexts.
Endowments help churches by providing a constant and continually growing stream of income for the operating budget, enhancing stability, relieving pressure on the annual fund, building a pipeline for future gifts and encouraging outright gifts.
2021 Annual Report
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The Year
in Review
Continued from previous page
Grants Retreat
In November, the Foundation’s Grants Committee held a grants retreat at the Wesley Conference Center in Woodworth. At the retreat, led by new Grants Committee Chair Dr. Debra Davis, committee members clarified the theoretical and biblical basis for offering grants and emphasized the desire to walk alongside grant recipients as they develop innovative ways to extend the reach of their ministries. The committee identified four focus areas for grant funding. These include requests that 1) equip ministry and laity for ministry, 2) use innovative ministries, 3) foster connections within the church, community and Conference, and 4) respond to natural disasters. They also revamped the grant application process by adopting a web-based protocol, moving to a quarterly review process, implementing a blind review process and adding more accountability reporting from the recipients after funding.
Although they didn’t win the Wesley Cup, the Foundation’s golf team for the Children’s Home Golf Classic had a great time playing to raise money for the Home. Pictured, left to right: Foundation President Chris Spencer, Board Chair Omer Davis, Children’s Home Operations Director Daryl Altic, and Foundation Board Member Bobby Fahey.
Chene Country Club in Mandeville. President Chris Spencer formed a four-member team to play in the scramble event. All proceeds from the tournament benefited the new Methodist Children’s Home of Southeast Louisiana.
Strengthening Black Church for the 21st Century The name may sound humorous, but the Shift Happens: Doing Ministry From the “Right Side” Conference last December in Houston was a serious time of inspiration and practical teachings.
The Foundation sponsored several attendees from the Louisiana Annual Conference at this event hosted by Strengthening Black Church for the 21st Century. Participants learned to create a practical and engaging experience for an intergenerational audience, to demonstrate solidarity among Blacks in the UMC and to hear what key leaders are saying about what the likely split of the UMC means for the Black community. Grants Committee members clarified the theoretical and biblical basis for offering grants at a retreat held in the fall at the Wesley Conference Center.
La. Children’s Home Golf Tournament
The Foundation was pleased to be a sponsor of the Louisiana Methodist Children’s Home 41st Annual Golf Classic in October, at Beau
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Roofs Up Louisiana! Campaign
The Foundation launched Roofs Up Louisiana! at year-end, a fundraising campaign to rebuild roofs and bring hope to southwest Louisiana residents affected by recent natural disasters. With the help of some of its generous donors, the campaign raised $37,500 by the end of 2021.
United Methodist Foundation of Louisiana
Foundation staff partnered with a coalition of organizations working with the Louisiana Annual Conference of the United Methodist Church, led by new Director of Missional Engagement and Outreach, Bill Howell. These organizations will continue toward the southeast part of the state into 2022, which was hit by Hurricane Ida this year.
Replacing the roof on a storm-ravaged home is the first step for most of the rebuilding process. Shown here is the before (left) and after (right) shots of a home in Lake Charles, repaired with funds from the Roofs Up Louisiana! campaign.
Financial Peace University
Since 2018, the Foundation’s personal finance incentive program, in partnership with Dave Ramsey’s Financial Peace University, has helped participants pay off $1.1 million in debt! The multi-week course, led by church volunteers around the state, teaches participants how to pay off debt, make a budget, save money and give generously. A Foundation grant offered a $333 per household award to those who graduated from this life-changing course. The Foundation sponsored clergy from the Louisiana Conference to attend Shift Happens: Doing Ministry from the “Right Side,” a conference in Houston focusing on solidarity among Blacks in the UMC.
Since the incentive program began, the Foundation has paid $124,114 in incentive money to 373 households from 25 churches/groups graduating from the class.
Financial Peace University Classes Supported in 2021 Debt Paid Off Amount Saved Church or Group Households During Course During Course Blackwater UMC, Central City Broadmoor UMC, Baton Rouge Grace Community UMC, Shreveport Jefferson UMC, Baton Rouge McGuire UMC, West Monroe Nola Wesley Campus Ministry, N.O. Wesley Foundation, LSU Totals
5 8 11 7 7 9 11
$5,100 $48,000 $18,833 $36,600 $28,868 $13,664 $10,360
$6,900 $14,000 $11,161 $20,900 $20,909 $12,850 $34,550
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$161,425
$121,270
2021 Annual Report
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2021 Board of Trustees Executive Committee
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Omer Davis
Rev. Michi Head
Chair
Vice Chair
Chris Spencer
Rev. Weldon Bares
Sandra Kuykendall
President/CEO
Immed. Past Chair
Secretary
Mike Dehart
Dr. Debra Davis
Investment Chair
Grants Chair
United Methodist Foundation of Louisiana
Bishop Cynthia Fierro Harvey Ex-Officio
2021 Board Committees Investment Committee
Mike Dehart Chair
Rev. Weldon Bares
Dean Harvey
Jarvis Jones
L. Nettles Brown
Sandra Kuykendall
Val Lavigne
Omer Davis
Richard Lewis
Irwin Felps
Troy Searles
Loan Committee
Bobby Fahey Chair
Rev. Brian Mercer
Dianne Wilkinson
Grants Committee
Dr. Debra Davis Chair
Rev. Doug deGraffenried
Drew Kennedy
2021 Annual Report
Rev. Ashley McGuire
Rev. Drew Sutton
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Foundation
Staff
Foundation staff members left to right, Tamara Bello, Rachel Baio, Chris Spencer, Tracie Wharton, Violet Frost, Bob Carrell, Kelly Johannessen and Rebecca Herin.
Chris Spencer President/CEO
Rachel Baio Director of Accounting
Tamara Bello Accounting Assistant
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Chris Spencer was named the Foundation’s president and CEO in February 2021; he previously served as a development officer since 2017. Chris earned a B.A. from UNC Chapel Hill and an MBA from the LSU Executive MBA Program. Prior to joining the Foundation, he served as a small business banker, private banker and regional communications manager during a 24-year career with JPMorgan Chase. He is a member of First United Methodist Church of Baton Rouge, where he is a Sunday School class leader and has served in several other leadership roles, including church council chair. Rachel Baio started with the Foundation in 2010, and handles the Trust and Accounting operations. She earned a B.S. and an MBA from Southeastern La. University and has over 30 years’ experience in Accounting and Management. She attends The Mission Church in Hammond and is a greeter on the Serve Team. She also loves spending time with her two grandchildren. Tamara Bello joined the Foundation in 2002, bringing with her more than 20 years of accounting experience. She earned an A.S. in Accounting from BRCC and was commissioned as a Notary Public in 2011. Tamara is also a certified Master Gardener and a catechist at St. Patrick’s Catholic Church in Baton Rouge for confirmation candidates. United Methodist Foundation of Louisiana
Foundation
Staff
Bob Carrell Development Officer North Louisiana
Violet Frost Office Manager
Rebecca Herin Communications Intern
Kelly Johannessen Director of Communications
Tracie Wharton Controller
Bob Carrell earned a B.A. from the University of Houston in Russian Studies, attended graduate school at the University of Kansas, and earned an M.A. in National Security Affairs (Soviet Union) from Naval Postgraduate School. He served 23 years in the U.S. Air Force and over three years as a personal financial planner before joining the Foundation in 2001. He assists church leaders, pastors and donors with all Foundation services, with an emphasis on planned giving. He has served as Stewardship Committee and Endowment Committee Chairs and has completed Disciple Classes I through IV at his church, First United Methodist Church of Bossier City. Violet Frost is the first person you see when you visit the Foundation office. She joined the staff in 2012 as the office manager, dealing with day-to-day operations, managing the building and administrative support. A native of Illinois, Violet has lived throughout the states and traveled globally. She is a member of First United Methodist Church of Baton Rouge. Rebecca Herin is a third-year LSU student working toward a bachelor’s degree in mass communication with a focus in public relations and a minor in business administration. A Baton Rouge native, Rebecca completed over 200 hours of community service through her former high school, St. Joseph’s Academy. Rebecca serves as the communications intern for the Foundation and is also representing LSU in the national 2022 Bateman Case Study Competition, which features public relations students from over 75 universities. Rebecca expects to graduate from LSU in the spring of 2023. Kelly Johannessen joined the staff in 2003 and is responsible for all publications and communications, as well as event planning and website development. She graduated in 1983 from LSU with a B.A. in Journalism and a minor in Spanish. Before joining the Foundation, Kelly worked in professional services marketing and event planning for 20 years. Kelly and her husband, Bob, serve on the Church Council and Hospitality Committee at First United Methodist Church of Baton Rouge. Tracie Wharton joined the Foundation in 1999 to coordinate the loans and grants programs. In 2001, she assumed the role of Controller. She is a CPA with over 30 years’ experience in banking and finance. A native of Baton Rouge, Tracie is a longtime member of First United Methodist Church of Baton Rouge and a Past President of United Methodist Women. She and her husband, Tré, teach Disciple Bible Study and serve on the Lagniappe Country Walk to Emmaus Board.
2021 Annual Report
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In Memoriam We mourn the passing of several Foundation friends and donors in 2021. These visionaries made a difference in the life of the Foundation and their United Methodist Churches through their generosity of resources. Richard Boisture (12/22/1927 - 10/8/2021) Dick Boisture and his late wife Fran created a Charitable Gift Annuity that provided income to them for life. When Dick passed this year, the CGA became an endowed fund that will support his church, Jennings UMC, forever. Alma Beth Clark, Ph.D. (6/3/1923 - 12/28/2021) A.B. Clark redeemed matured savings bonds to establish a Charitable Gift Annuity. Now that her life has passed, income from her gift will help her childhood church, LeCompte UMC, in perpetuity. Gloria Vining Hood (3/3/1930 - 10/29/2021) Gloria Hood created a Charitable Gift Annuity that enhanced her income for life. Now that she has gone to glory, the income from her gift will support her church, First UMC of Amite, and the Louisiana Methodist Children’s Home in Ruston, forever. Kathleen Andrews Hunt (6/22/1950 - 4/20/2021) Kathy Hunt and her husband Bill used stock to create a Charitable Remainder Unitrust. When Kathy and Bill are both gone, their church, First UMC of Monroe, will receive income forever. Mary Magee (4/14/1967 - 11/25/2021) Mary Magee was a dedicated member of the Foundation Board of Trustees and Grants Committee at the time of her passing, and a valuable member of Newman UMC of Alexandria. Before her untimely death, Mary made sure the ministries she cared for, such as the Foundation, were included in her estate plans. Arthur Moles, D.D.S. (11/19/1923 - 8/13/2021) Dr. Moles was a member of University UMC of Baton Rouge since 1957. He already had included his church in his will, but he also created a Charitable Gift Annuity that provided extra income during retirement, and allowed him to make a larger gift than he ever thought possible. Dr. Moles’ planned giving efforts will support his church in perpetuity.
“For if we live, we live to the Lord, and if we die, we die to the Lord. So then, whether we live or whether we die, we are the Lord’s.” Romans 14:8
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United Methodist Foundation of Louisiana
Thank you for your continued support
2021 Annual Annual Report Report 2021
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8337 Jefferson Hwy.
Baton Rouge, Louisiana 70809
www.umf.org