Endowment Funds and Guardianships

The Foundation currently has more than 45 Permanent Endowment Funds and 11 Guardianships, each of which has been established by one or more of our members (or a ministry of the church) to serve a specific need.  Contributions that do not specify one of our permanent endowment funds or guardianships are deposited into the Foundation’s Unrestricted Fund.  The Unrestricted Fund can be used for any purpose determined appropriate by the Foundation Board, including to fund the administrative expenses of the Foundation.

To establish a new permanent endowment or guardianship, the initial gift or deposit must be at least $25,000.

Below is a brief description of each of our Endowment Funds and Guardianships:

 

Benevolence, Outreach, and Mission Funds (10)

  1. Congregational Care Fund to be used for the various programs of Congregation Care to include: Bereavement, Convalescent Care & Continuing Care, HeartStrings, Heart Team, Men’s Prayer Breakfast, Ministry Team, 90+ Birthdays and Stephen Ministry. (est. 2012)
  2. Dudley Dancer Fund to be used for the benevolence of needy persons seeking financial aid from the church; both members and nonmembers. (est. 2006)
  3. David McLaurin Outreach Fund to be used for mission outreach as directed and requested by the Outreach Committee. (est. 2006)
  4. Rev. Walt & Cissy Lunde Care Fund for members of LLUMC in need of financial or spiritual support or the ministries of LLUMC that provide that support (est. 2020)
  5. Special Requests Fund to be used for the emergency needs of staff or church members. (est. 2009)
  6. YAM Fund (Young Adult Ministry) to be used to support the young adult ministry and young adults through education, program development and scholarships. (est. 2010)
  7. Deaf Ministry Trust Fund to be used to support the Deaf Ministries (including new and existing ministries, scholarships, missions, etc. (est. 2015)
  8. Linda & David Anderson Evangelism Fund to be used for all areas of young adult and family evangelism (est. 2014)
  9. Phillips Family 12 Step Endowment Fund to be used for the LLUMC 12th Step Program and for maintenance and repair of its facilities (est. 2019)
  10. Dale and Ted Campbell Mission & Outreach Fund to be used for mission and outreach activities of LLUMC (initially for the 723 Mission) (est. 2021)

Campus Repair and Maintenance (8)

  1. Eckam Fund to be used for the maintenance of the Shepherd’s Garden and Columbarium. (est. 2010)
  2. Folsom Family Fund for Shipp Chapel to be used for the maintenance of the Shipp Chapel. (est. 2014)
  3. General Maintenance Fund to be used for the maintenance and repair of LLUMC Buildings and Grounds. (est. 1991)
  4. Redman Fund to be used for the maintenance and repair of Wesley Chapel and other buildings. (est. 2006)
  5. Simons Fund to be used for the maintenance and repair of the LLUMC Sanctuary. (est. 1981)
  6. Theron Ewert Fund to be used for maintenance of the Shepherds Garden and Columbarium, as well as the remainder of the LLUMC grounds and facilities. (est. 2016)
  7. Franne & Frank Jackson Maintenance Fund supports maintenance and repairs of facilities at LLUMC (est 2018)
  8. Walnut Hill Church Sanctuary Fund to be used to support maintenance of the Walnut Hill Sanctuary (est. 2021)

Education (15)

  1. Academy for the Deaf Fund to be used for student tuition and career development scholarships (staff) and scholarships for deaf students, including those in the Deaf Academy and Deaf Ministry. (est. 2012)
  2. Berkeley Fund to be used for ministerial staff development and continuing education. (est. 2000)
  3. Bruce Fund for Youth to be used for education/curriculum, post-high school scholarships, speakers, building leadership qualities and developing philanthropy at an early age. (est. 2013)
  4. Wiggans Fund scholarship to be awarded to a deserving graduating senior of LLUMC, Christ’s Foundry, Trinity River Mission, Wesley Rankin or Bethlehem Center. (est. 2001)
  5. Carolyn & Starke Taylor Fund to support a Sunday morning program that mainstreams special needs kids through trained helpers (est. 2016)
  6. Montgomery Kenya Scholarship Fund provides post-secondary education scholarships to Kenya students recommended by the elders of the Methodist Church of Kirogine, Kenya (est. 2017)
  7. African Worship Scholarship Fund provides post-high school scholarships for members of the Zimbabwean and Heart of Africa Worship Communities (est. 2018)
  8. Laura Moore Leadership Development Trust Fund to support the development of deaf leadership including education grants, scholarships, and fellowships (est. 2018)
  9. LLUMC Staff Seminary Scholarship Fund provides scholarship assistance to staff of LLUMC pursuing seminary degrees (est. 2018)
  10. Angela Jamison Scholarship Fund scholarship for post-high school female students pursuing performing or visual art studies (est 2019)
  11. Imani Kenya Supplemental Fund to enhance existing LLUMC Kenya sponsorship & scholarship ministry (est 2019)
  12. Imani Kenya Mission Special Consideration Fund to support sponsorship and community empowerment projects (ongoing since 2014, but transferred to the Foundation in 2020)
  13. The Fred and Delores Fels Children’s Ministry Endowment to support Children and Children Ministries at LLUMC, especially with regard to underprivileged children (est. 2021)
  14. Moscow Seminary Scholarship Fund to support student scholarships and professor endowments at the Moscow Seminary (est. 2019)
  15. Maus Family Children’s Ministry Endowment Fund to support the cost of programs and projects of the KIDS Ministries at LLUMC (est. 2021)

Administration of the Foundation (2)

  1. Administration Expense Fund to be used to support the ministry and administration of the Foundation (est. 2007)
  2. Unrestricted Fund to be used to support the ministry and administration of the Foundation; requires Board approval to utilize

Lecture Series (3)

  1. McCormick Lectures to fund and sponsor an annual or bi-annual lay speaker who has the ability to enrich one’s personal and spiritual journey. (est. 1986)
  2. Owen Lenten Lectures to fund and sponsor an annual speaker during Holy Week. (est. 1981)
  3. Shipp Lectures to honor the first full-time pastor of LLUMC, Tom Shipp, with the purpose of bringing to the metroplex dynamic preachers who are on the cutting edge of ministry. (est. 2001)

Music, Visual Arts, & Technology (4)

  1. Clarece Candamio Fund was established in recognition of the service and retirement of Clarece Candamio to establish a permanent endowment fund with the LLUMC Foundation for the enhancement of worship through music. (est. 2013)
  2. Eitzen-Jones Memorial Fund for the Visual Arts to be used for rotating art shows within the church. (est. 2007)
  3. Hughes Estate Fund available for music related expenses. (est. 1999)
  4. Arnold Fund to be used for the repair or purchase of LLUMC communication equipment. (est. 2000)

Other (4)

  1. Emergency Capital Fund to be used for emergency needs of the church. (est. 2006)
  2. Special Request Fund to provide a funding source for urgent human needs outside the church budget including benevolence, church programs, mission trips, and other purposes recommended by church staff provided a repayment or replenishment plan must be included (est. 2009)
  3. Walnut Hill Endowment Fund to broadly support all aspects of the Walnut Hill campus (est. 2021)
  4. Prison Ministry Fund (est. 2022)

Guardianships (11)

  • Don Bearden Music Ministry Guardianship to be used to support the choir, contract professional instrumentalists and vocalists for seasonal concerts, maintenance and repair of the pipe organs and pianos, commissions for new choral compositions, benevolence scholarships for choristers, and conductors for special concerts, training events, retreats or camps. (est. 2012)
  • Hughes Trust to be used for musician scholarships and seasonal concerts. Permanently Restricted (est. 1999)
  • Hughes Maintenance Account – Temporarily Restricted (est. 1999)
  • Rays of Light Guardianship o be used to support special needs children and their families. (est. 2010)
  • Austin’s Army Guardianship to be used to fund the work of Austin’s Army during the first 3 years (2016-2018).
  • Insurance Proceeds Guardianship
  • Deaf Ministry Guardianship
  • Serenity House Guardianship
  • Jamie Coleman Guardianship for Needy Children
  • Wesley Prep Guardianship
  • 12th Step CSD Construction Guardianship

The Foundation also has a 12-Step Matching Fund that matches dollar for dollar any and all contributions to the Phillips Family 12 Step Endowment Fund

It takes $25,000 to start a new Endowment with the Foundation, however, the Foundation has a separate fund that will match dollar-for-dollar contributions to establish a new Endowment of up to $12,500 (twice a year).