Young Life Foundation Marty Caldwell, Chief Foundation Officer
The Young Life Foundation has a wonderful history dating back to Bob Mitchell, Ted Johnson and, more recently Jeff Rudder and our current foundation team. As chief foundation officer, I’m charged with accelerating current major gifts and helping secure long-term funding with a focus on hard-to-fund U.S. ministries and growing our international work. I’m convinced new ministry models and sources of funding are readily available. Young Life does best when we dream big, pray big and trust the Lord for “more than we can ask or imagine.” • The total for gift planning activities as of February 29, 2020, is $13.2 million, out of a $60 million annual goal. • As of February 29, 2020, we have current gifts and future commitments to our legacy funds from 449 people and the mission at large from 631 people. • Their projected generosity totals more than $200 million to legacy funds and other bequests. • Because of the Lord’s favor already demonstrated in our legacy fund efforts …
… And because we’re wholly committed to our calling to be followers of Christ as individuals and organizationally of sharing the gospel with unreached kids … … And because we live in a global culture that desperately needs the salvation and healing brought by the cross and the resurrection of Christ … ... And because we want to reach more kids and will need more leaders than ever ... … We believe after nearly 80 years, now’s the time to pursue a goal of $1 billion in assets either committed or given to the Foundation by 2024. The goal of raising $1 billion is about the sense of urgency we feel as we realize in many places around the world we already have the wind at our back and want to run with all sails up! We also know those tailwinds could, at any time, change direction and turn into headwinds. In many places, cultural and political forces are already working to create barriers, and at some point, we may be more limited. Now’s the time for boldness, courage and even greater trust so we, with God’s help, can get to the next kid, community and country!
For the five months ended February 29, 2020: Beginning Net Assets 9/30/19 (000’s)
$ 156,093
Capital and Operating Pledge Contributions Operating Contributions Investment Revenue/(Losses) Contributions from Young Life Total Revenues
9,001 4,788 464 4,576 18,829
Pledge Payments Rec’d and Distributed to Young Life Operating Distributions to Young Life Service Charge Distributions Other Distributions and Expenses Total Expenses
5,120 5,612 1,224 319 12,275
Revenue Over/(Under) Expenses
6,554
Net Assets 2/29/20
38
Spring Board Report 2020
$ 162,647
