Organization: LOVERS LANE UNITED METHODIST CHURCH
Mission: THE MISSION OF THE FOUNDATION IS TO BUILD AND MANAGE A FINANCIAL CORNERSTONE SUPPORTING THE MINISTRIES, OUTREACH, MAINTENANCE, OPERATIONS, AND EVANGELISM OF LOVERS LANE UNITED METHODIST CHURCH.
Activities: THE LOVERS LANE UNITED METHODIST CHURCH FOUNDATION (FOUNDATION) EXISTS TO SUPPORT THE MINISTRIES OF LOVERS LANE UNITED METHODIST CHURCH THROUGH THE RECEIPT OF CONTRIBUTIONS TO ONE OR MORE OF OVER 40 ENDOWMENT FUNDS HELD BY THE FOUNDATION, WHICH ARE INVESTED AND THE INCOME AND GAINS FROM SUCH INVESTMENTS ARE USED TO MAKE DISTRIBUTIONS TO THE CHURCH OR ITS MINISTRIES SERVED BY THE CHURCH OR ITS MEMBERS. DURING 2019, THE FOUNDATION AWARDED GRANTS TOTALING APPROXIMATELY 404,000 FOR BENEVOLENCE, OUTREACH, EVANGELISM, MISSIONS, EDUCATION, LECTURES, CAMPUS AND BUILDING PRESERVATION, MUSIC, FINE ARTS, AND TECHNOLOGY. IN ADDITION, TOTAL ASSETS GREW TO MORE THAN 23 MILLION AND ENDOWMENT FUNDS TOTAL ALMOST 17 MILLION. HOWEVER, THE FOUNDATION IS MORE THAN JUST ENDOWMENT TRUSTS...IT IS LITERALLY THE FOUNDATION UPON WHICH MUCH OF THE FINANCES OF THE CHURCH AND ITS MINISTRIES DEPEND. THE CHURCH'S CONGREGATION HAS MADE THE CHURCH PART OF THEIR LIVES; THE FOUNDATION IS THEIR OPPORTUNITY TO MAKE THE CHURCH PART OF THEIR LEGACY.
NTEE category: Religion-Related
Secondary category: Philanthropy, Voluntarism & Grantmaking Foundations