Foundation Endowment Just Keeps Working for the Church

“The apostles returned to Jesus and told him all that they had done and taught.
And he said to them, ‘Come away by yourselves to a desolate place and rest a while.’
For many were coming and going, and they had no leisure even to eat.
And they went away in the boat to a desolate place by themselves.” — 2 Mark 6:30-32

Recently, I was on vacation. On a warm beach with beautiful water and sparkling sunlight, I enjoyed the true luxury of having a few days off for some leisure, fun, and many delicious meals in a relaxing setting with my family. It was rejuvenating and restful, although we were not in a desolate place.

However, it occurred to me that the Foundation’s endowment that occupies around 50 or so of my weeks every year and is the focus of my work-life doesn’t get to take a vacation, ever. Foundation funds in the endowment keep on working, day in and day out, year after year after year. That is the very aspect that makes the Foundation’s success unique.

The job of the funds is to generate income for the Church, the Foundation’s sole beneficiary. Investments earn income in the form of dividends, interest, and royalty payments and grow in value to assure continued longevity for the corpus of the Foundation. It’s a ‘body’ that needs no rest. What a blessing!

I wanted to see if you ever thought about how hard donors’ contributions work for our Church. It’s a pretty remarkable thing.

The summer months are when many First United Methodist families plan for their children to leave for college. Every year, the Church awards scholarships to youth preparing to attend institutions of higher learning for our high school graduates. As in many years past, scholarships will help these students continue studies at public and private universities in many areas. The money to make this happen comes from the William E. “Bill” Baker Memorial Scholarship, a fund created in 2001. The first scholarships were awarded in 2002. Nineteen years later, it continues and increases outreach.

The scholarships continue year to year because only the income from the investments within the endowment is used. Through wise and thoughtful financial management by the Foundation Board of Directors, the Baker Memorial Scholarship endowment will continue to provide financial resources for deserving students in perpetuity. The stage was set when the Foundation was formed in 1964 to further the mission of First United Methodist Church and continues today.

I hope each of you has had a fun and relaxing time so far.  Enjoy the rest of the summer knowing that Foundation funds keep working for the Church all year long! Don’t hesitate to contact me at 817.639.2367 or email me at Sid.Johnston@fmcfoundation.org with any questions you may have about the Foundation and how to leave a legacy through a planned gift.

Sid Johnston
Executive Director of First Methodist Church Foundation, Inc.

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