State of the Foundation 2013

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CHRISTIAN COMMUNITY FOUNDATION

description

Hope Christian Community Foundation President Mike Harris gives his State of the Foundation report at the 2013 Celebrate Generosity in Memphis event.

Transcript of State of the Foundation 2013

Page 1: State of the Foundation 2013

CHRISTIAN COMMUNITY FOUNDATION

Page 2: State of the Foundation 2013

The Hope Christian Community Foundation’spurpose is to serve Mid-South donors andministries to facilitate the building of God’skingdom in our community and throughout

the world.

Our mission is to encouragephilanthropy and increase giving.

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Kirk Bailey, ChairmanRalph BradenNancy CoeBarry CoxBen ClarkFred DavisJohn DudasTom Dyer

Howard Eddings, Jr.Lee Gibson

Sarah HaizlipHamp Holcomb

Frank Jemison, Jr.John LaughlinLarry LloydBill Martin

Ashley MayfieldJimmy Sexton

Douglas SkipworthHarry SmithFloyd Tyler

C. Kemmons Wilson, Jr.Lauren Young

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Brenda Brazley - Donor Relations

Michael Harris, CFA - President

Chris Hill - Development

Shana South, CPA - Chief Financial Officer

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Hope was founded in 1998 andmanages 300+ donor advised funds

for individuals, families and companies

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• Donor Advised Funds - we make giving easy, efficient and effective

• Ministry Research - we attempt to be “experts” on ministry efforts in Memphis

• Facilitate Giving - we match the passion and interests of donors with the action of ministries

• Work With Attorneys & Advisors - planned giving, financial planning and estate planning

PRIMARY SERVICES

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• Unique Product - Benefits the charity of donor’s choosing rather than the issuing organization

• Receive guaranteed income for life higher than CD rates

• Receive one time substantial tax deduction• Significant portion of income is tax free

DONOR’S CHOICE GIFT ANNUITY

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Facilitator for making a difference:• Expand financial resources to further God’s work

in the community and the world• Provide products (gift annuities) and services to

ministries and churches to expand and leverage resources

• Network with donors, ministries and churches

ACTIVE IN MEMPHIS

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• Largest granting foundation in Memphis

• Grants of $30 million

• Grants made since founding $230+ million

• Largest Christian community foundation in the United States

• Assets of over $120 million

MILESTONES

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All surplus administrative fees from donor advisedfunds are added to the Hope for Memphis fund

This fund makes grants to local ministriesmaking a difference in Memphis

$900,000 in grants over the past four years

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ASSETS IN MILLIONS

25

50

75

100

125

312

7

2232

50

71 71

53

67

107 107

121

2001 2004 2007 2010 YTD 2013

$ Millions

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CUMULATIVE GIVING THROUGH HOPE

60

120

180

240

8 1529 38 47 57

7392

125

156

191

213232

2001 2004 2007 2010 YTD 2013

$ Millions

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GRANT RECIPIENTS BY CATEGORY

Youth14% Church

11%

Education39%

Family10%

International26%

More than 60% was given to Christianministries serving inner city Memphis

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901.682.6201www.hopeccf.org

twitter.com/hopememphisfacebook.com/hopefound

4515 Poplar Avenue, Suite 324Memphis, TN 38117

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VIDEO TESTIMONY

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What stuck out to youmost about the video?

Have you ever considered living below yourmeans in order to give more generously?

What do you think contributed toRenee’s greater sense of freedom?

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CHRISTIAN COMMUNITY FOUNDATION