Who We Are…
The Lovers Lane UMC Foundation is a separate 501(c)(3) organization that provides financial support for our church, its members, and the ministries of LLUMC. This is accomplished through the faithful giving of members of our church, to be used in areas of mission & outreach, evangelism, education, benevolence, music, arts, technology, scholarships, and lecture series. The Foundation also supports our church financially through grants to assist with facility and campus preservation. Unlike other 501(c)(3)s of the church, the Foundation is not owned by the church, but our sole purpose is to support LLUMC and its ministries.
Bottom Line on Gifts to the Foundation
You have made the church part of your life. The Foundation is your opportunity to make the church a part of your legacy.
Your gifts to the Foundation are an endowment that will benefit your church in perpetuity. The Foundation may be the only place where not one single dollar of your contribution to one of our permanent endowments will be used to fund administrative costs or overhead. Those expenses are already covered by a separate endowment. In fact, the Foundation may be the only place where your contribution to one of our permanent endowments will not be spent at all, not one single penny. Unless you tell us otherwise if you contribute to one of our 45+ permanent endowment funds, your contributions will all be held in one or more of our endowment funds and only the income from your contribution will be spent, thus creating a legacy, a source of perpetual support for our church.
What We Have Done
Since 1981, the Foundation has grown the stewardship of our donors through well-thought-out and controlled investments of funds. These funds generate income which allows for perpetual giving to our Church and its ministries. As of the end of 2022:
- The Foundation had total assets of a little more than $23.3M
- Of this $23.3 million, approximately $18.5 million was in one or more of our permanent endowments and approximately $4.5 million was in guardianship accounts. Guardianships are investment accounts where we manage investment funds of the church, Wesley Prep, the 12th Step Ministry, and Rays of Light (to mention just a few).
- In addition, the Lovers Lane Foundation now holds and manages those endowments previously held by the Walnut Hill UMC Foundation. As of 12/31/2022, the Walnut Hill Sanctuary Endowment had a balance of approximately $31K and the Walnut Hill Church Main Endowment had a balance of approximately $1M.
Our endowments are held in 45+ separate Funds (or endowments) broadly benefiting:
Mission and outreach
Twelve Step Ministry
Wesley Prep School
Walnut Hill Church
Shepherds Garden & Columbarium
Music and Visual Arts Ministries
Communication and Technology
Deaf ministries and Special needs
Youth and Young Adults
Rays of Light Ministry
In 2022, the Foundation was able to support the Church with grants totaling more than $600,000, and we expect a similar amount in 2023.
Because you gave, the Foundation was able to:
In addition to all the mission, benevolence, scholarship, and ministry support provided by the
Foundation to our church and summarized above, we also funded campus and facility preservation grants in 2022 totaling more the $400,000 and we expect a similar amount in 2023.
Your gifts not only sustain the mission of the Foundation, but they also contribute to the legacy of our Church and ensure our Church will be here for many years to come and for future generations. THANK YOU!
To be more specific, in 2022, your gifts helped the Foundation provide support in the following broad areas and in the approximate amounts shown below:
|Facilities||$ 414,600||Imani Kenya Ministries||$56,300|
|Lecture Series||$ 34,000||Benevolence & Care||$23,200|
|Music & Arts||$17,500||Youth/Kids Min/Scholarships||$16,250|
|Modern Worship Equipment||$15,000||Shipp Chapel Equipment||$37,000|
|Everybody’s Christmas||$14,000||Young Adult Ministries||$12,600|
|12 Step Ministry||$14,000||Communications/Tech||$12,500|
|Music & Arts||Deaf Ministries||$6,800|
|Modern Worship Equipment||$15,000||Prison Ministries||$2,800|