Dear LLUMC Friends:

Thanks to all of you, 2024 was a great year for the Lovers Lane Foundation (and for our church).  Despite the recent downturn in the stock market, 2025 looks to be a good year as well, thanks to the methodology of our grant administration.

As of 12/31/2024, the Foundation’s net assets were $20.4M (up from $19.4M at the end of 2023). We made grants to our church, its ministries, and members in need totaling more than $915K, and approximately $744K of that went directly to church operations (mostly supporting maintenance and repair areas).

Thanks to the work of our Power of One Committee, the church has identified areas where additional efforts will benefit Evangelism, Discipleship, Family Ministries, and Missions (just mention a few), and the “elevated” part of the recently completed stewardship drive will cover most if not all those costs. In addition, as part of the Power of One work, the church’s financial operations have been greatly improved, and the church has put into place better procedures and more transparency. They have adopted a balanced budget for 2025 (and the church is working hard to keep that budget balanced – even though that is a challenge this time of the year).

Here is the really great news:  As part of the Power of One Initiatives, the Lovers Lane Foundation has committed $1M to the church to cover the cost of replacing our worn-out HVAC Chillers, and the Foundation has committed to our church more than $1.1M to cover 3+ years of interest carry on the church’s TMF debt. Plus, we are funding the cost of replacing the AC in Wesley Chapel.