Our Guiding Principles: Wise Financial Policies
Are Integral to the Foundation’s Structure
and Consider All Generations
For the Lord is good; his steadfast love endures forever,
and his faithfulness to all generations.
On September 30, 2021, your Foundation marked its 57th anniversary. First Methodist Church of Fort Worth Foundation, Inc., is a dedicated and permanent source of financial support for FUMC. With wise financial policy as one of our guiding principles, the endowment’s investment returns help make our Church one of the top Churches in Methodism today, focusing not just on current stability but also on a financially healthy future.
The Foundation is made up of 24 funds invested as a single entity. Each year, a portion of the income generated by those investments is distributed to the Church for them to use as they see fit: to support the Church’s operating budget, maintenance and repair of the Church facilities and many of wonderful programs and ministries. The distributions are a critical source of funding. In fact, since 1964, the Church has received funding in excess of $64 million from Foundation investments.
One common misconception is that foundations, including our Foundation, exist to provide funding for anything needed, as long as funds are available. Foundation distributions, called “Foundation spending,” are limited by the fact that donations must be maintained in perpetuity and according to our donor’s wishes. This attribute, the enduring aspect of the donations, is actually the beauty of any foundation’s structure. Gifts to the First Methodist Church of Fort Worth Foundation are intended to benefit both current and future generations of our Church. As a result, the Foundation is required to preserve the purchasing power of these gifts by spending only the income derived from the gifts. Spending more than that over time, would benefit the present over the future in a manner inconsistent with the Foundation’s fundamental purpose of maintaining intergenerational equity.
Inflation erodes the value of the Foundation’s assets over time. To keep pace with inflation, the dual qualities of thoughtful investment policy and conservative spending rate are paramount to wise financial management.
To meet the demands of a thriving and growing Church, the Foundation must also continue to grow so that funds exist in ratio to the size of the Church’s needs.
Meet the Foundation Newest Staff Member
Lindsay Geiser joined the Foundation staff as Executive Associate on October 5th after serving over five years in the business office of The University Christian Church of Fort Worth. Lindsay graduated summa cum laude from Oral Roberts University with a Bachelor of Arts degree in Ministry and Leadership and has more than 13 years of accounting and administrative experience.
Lindsay and her husband, Richard, have been married for 19 years and are proud parents of three sons, James, Nicholas, and Thomas. Lindsay enjoys traveling and touring with her husband on motorcycle outreach tours with their Christian group, The Chariots of Light. She is also a big fan of Disney and Star Wars.
Lindsay and I both welcome the opportunity to get to know you, too! Please email us at Lindsay.Geiser@fmcfoundation.org or Sid.Johnston@fmcfoundation.org. You may also call the Foundation offices at 817.336.5698 with questions or to schedule a visit anytime.
Executive Director of First Methodist Church Foundation, Inc.