you can’t imagining outgive god. abundance€¦ · the well-deserved retirement of gil rendle...
TRANSCRIPT
i m a g i n i n gA B U N D A N C E
11709 BOULDER LANE, SUITE 100AUSTIN, TEXAS 78726
t m f - f d n . o r g
You can’t outgive
God.‘‘2 0 1 6 T M F A N N U A L R E P O R T
‘‘“Empowering thechurch in the
achievement of herGod-appointedmissions."
This past year has been a time to reflect – as an organization, as individuals, and as a community –on how to respond to the countless ways in which our lives are blessed by God’s unending generosity. The year culminated in our Imagining Abundance gala in November, where we celebrated seven Medallion of Merit recipients. Their lives are moving examples of what is possible when we respond with thanksgiving for the extraordinary abundance of God by joyfully sharing that abundance to help others and to invest in God’s promise-filled future.
In a video featuring the medallion honorees, who included Sandy Waterfield's husband James Waterfield, she beautifully condensed the spirit of abundance: “You can’t outgive God.”
Biblical stories and images also remind us that God’s abundance is all around us. The dramatic creation story, the lush Promised Land flowing with milk and honey, the incredible feeding of the five thousand, and the astonishing grace of God seen and experienced in Jesus Christ – powerfully depict a world infused with God’s generosity.
At TmF, we have experienced those blessings in abundance. As you will see in the following pages, we are happy to report yet another year of growth, ending 2016 with $525 million in assets under management, a $20 million increase over 2015. Our net income growth boosted our Undesignated Endowment to $35 million, an increase of $3 million over the previous year. And while maintaining strict underwriting standards and historically low delinquency levels, our loan staff grew total loans to$343 million, up $29 million from end-of-year 2015.
Every gift from God comes with a call to create evenmore goodness, more kindness, more unity.
During 2016, TMF continued our calling to investour financial resources in churches and groups,including both traditional and non-traditional faithcommunities, that have demonstrated thecourageous leadership and innovation required tobring about transformative change. We deepenedour understanding of ourselves not as aninstitution, but as a living community that thrivesbecause of partners who share our goal of buildingcultures of purpose and generosity that inspire a spiritof abundance.
We’ve witnessed how ministries create abundance bylooking at those they serve through a lens aimed atdiscovering their gifts and talents rather thanfocusing only on their needs. The truth of abundanceis that every individual has something to offer. For many people, being treated as a contributorand respected as a valued resource can be a life-changing event. And we want to change as manylives as possible. The gifts, talents, time, energy,commitment, enthusiasm and passion aremultiplied. Abundance is everywhere.
In this year’s annual report, we’ve included storiesabout congregations who have received loans fromus to create or expand ministries that bless andserve others. Many of those same congregationsfurther share their abundance by investing in ourmethodist Loan Fund (mLF) which provides the seedmoney for other congregations to receive loansthat, in turn, enable those churches to excel in theirmission and ministry.
And the abundance doesn't end there. The MLF not only supports churches through loans andcompetitive investment returns. The operatingrevenue generated by the MLF enables TMF tooffer grants, finances the multifaceted work of arearepresentatives and our development team, andprovides the resources for our impactful leadershipplatforms. Abundance in every direction.
We believe that every day is a gift. Which is why weare so grateful for the daily opportunities we haveto serve others. That is abundant life. Most especially,we want to express our deep gratitude to everydonor, investor, lay leader, pastor, congregation andorganization who shares our confidence thatresources, when used to fulfill God's purposes, willalways be transformed into abundance. Thank youfor supporting our efforts and sharing our dream,God’s dream, of abundant life for all.
As Wendell Berry reminds us, "What we need is here."
What is your picture of abundance? How can we helpyou fulfill it?
L E T T E R F R O M T H E B O A R D C H A I R A N D P R E S I D E N T
KAY YEAGEr TOm LOCKEBoard Chair President
every directionA B U N D A N C E
“YOU CAN’T OUTGIVE GOD.”Sandy Waterfield
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s h a r e t h eA B U N D A N C E
20 1 6 K E Y A C C O M P L I S H M E N T S ShArING OUr AbUNDANCETMF’s mission is to help others steward their potential andachieve their goals, whether providing a loan to renovate acondemned building into a one-stop social services center fora community desperately in need, or granting funds to help agenerous El Paso couple use their fertile land to grow freshproduce to feed over 16,000 hungry people a month.
By stewarding the potential of the local church, thedenomination, related organizations, individuals, as well as ofTMF itself, we move a little closer to God’s dreams for us andour world.
During 2016 TmF strengthened our commitment to StewardingPotential by:
� Fostering cultures of purpose and generosity through arange of financial, strategic discernment, and leadershipresources
� Encouraging, educating, and supporting pastors and layleaders who are striving to find ways to cultivatecourageous ministry
� Exploring the ways people gather in order to deepentheir faith outside the traditional structures ofcongregational life
how do we fund these services? Primarily through TMF’sMethodist Loan Fund (MLF) investors. Last year TmFexperienced significant loan growth of $29 million, ending theyear at $343 million. More importantly, the expansion ofTMF’s loan portfolio reflects the vision and outreach ofUnited Methodist congregations requiring larger, improved,or additional facilities to answer God’s call for serving theircommunities. MLF investors, who value an investment thatempowers God’s purposes while earning higher than averageinterest, provide the money for those loans.
but the impact of those loans and investments extends evenfurther. TMF recognizes that even if we have "earned"something, it is still a gift. So we use the money accrued fromnet interest margin – the difference between what we earn fromloan interest income versus what we pay our investors – toprovide a host of other services – all focused on strengtheningthe ability of churches, organizations, and individuals to use theirGod-given abundance to love God and one another. Theseservices include: strategic discernment; clergy and lay leadereducation, support and resourcing; convening conversations;grant making; gift planning; endowments; and stewardship.
OThEr ExAmPLES OF DENOmINATIONAL CONNECTEDNESSUnited methodist Development FundIn 2016, the Board of Directors of the United MethodistDevelopment Fund (UMDF) selected TMF to provideoperational support for UMDF investors and borrowers going forward. In that capacity, as of January 1, 2017, TMFassumed the role of managing agent for UMDF. TMF loan,investment, and operations staff worked diligently andcollaboratively with UMDF during 2016 to prepare for thistransition. As you know, TMF has been competently deliveringsimilar services to our constituents since 1962. This excitingdevelopment enables us to extend our exceptional loan andinvestment expertise to help the United Methodist communityacross the country find the resources they need to create andexpand vibrant ministries.
Be Strong and of Good Courage: A Call to Quiet Courage in anAnxious Time by Gil rendle (2016)This monograph, originally written for the Bishops Conclave,an ongoing TMF-hosted gathering of the active bishops ofthe South Central Jurisdiction, has proven relevant to allleaders of the church seeking to practice active courage in thecurrent unsettledness in which we live.
Writing that “courageous leadership is quiet, discerning, andabove all purposeful,” Rendle develops these fourobservations: 1. Courageous leaders wrestle aspirations down
to outcomes.2. Courageous leaders disturb their systems in purposeful
ways.3. Courageous leaders keep their eye on the mission field.4. Courageous leaders allocate resources to people.
CELEbrATING AbUNDANCEImagining Abundance medallion of merit GalaTMF presented seven recipients with the TMF Medallion ofMerit, our highest honor. � Bishop W. Earl Bledsoe� Bishop Janice Riggle Huie� Dr. Gilbert R. Rendle, Jr.� Robert T. Rork� W. Hiram Smith� James V. Walzel� James B. Waterfield, III (posthumous)
s h a r e t h eA B U N D A N C E
The gala, held on November 20, 2016, honored theseremarkable individuals for their significantcontributions toward advancing the mission of TMFand/or the United Methodist Church. Insights fromguest speaker Kerry Robinson, author of ImaginingAbundance, reinforced the stories their lives tell – thatgenerosity, modeled after the gracious and unending loveof God, is abundant life.
CrEATING NEW AbUNDANCEGil rendle Learning and Leadership Endowment FundWith sadness and profound gratitude, TMF acceptedthe well-deserved retirement of Gil Rendle from hisfull-time position with TMF. The impact of hisservice to TMF, the United Methodist Church, and toreligious life is incalculable.
In acknowledgement of his unparalleled accomplishments,TMF created the Gil Rendle Learning and LeadershipEndowment. The endowment supports Gil’s work bycreating opportunities for TMF to open new paths ofdiscernment, decision-making, and action by leadersin connection with TMF’s Leadership Ministry. Duringthe first few months, donors contributed $456,000 to thefund which now has over $900,000 in gifts and pledges.
TmF Grants Nurture Future AbundanceTMF is allocating more and more resources towardgrants that will have impact far into the future becausethey are intently focused on improving the lives ofgenerations to come while strengthening the institutionsthat will serve them. We are privileged to support thestrategic and imaginative efforts of organizations likeInterfaith Youth Core (IFYC) who is working withMcMurry University and Texas Wesleyan University tochange the public discourse about religion from one ofantipathy and conflict to one of understanding andcooperation.
We are grateful for our grantees spirit of abundance – theirconviction that a brighter future is possible for thosethey serve. We share this conviction and encouragethem to engage in purposeful introspection, evaluation,and planning. This broad support has resulted in a growingnumber of requests for grants, from 46 organizations in2015 to 71 in 2016.
You can’t outgive
God.‘‘ ‘‘ 2 0 1 6 K E Y A C C O M P L I S H M E N T S
E X P L O R I N G D E E P W A T E R S O F F A I T H I N A C T I O NNorthern hills United methodist Church in San Antonio
has grown from a small neighborhood church to
a strong regional church. While much of that
growth has been outward, Northern Hills recently
decided to reach back to its roots.
In February 2015, the congregation put faith into
action when they decided to purchase an electric
supply warehouse building in a neighborhood just
a few miles south of the church’s original location.
The decision was widely supported as the needs of
its former community became evident to the
congregation.
Still, it took courage and conviction for the congregation
to commit its spiritual, human and financial capital to
serving the needs of the community its church had
grown away from, literally, more than a decade
earlier. “We realized the many good blessings God
had bestowed on our church,” explained Northern
hills Senior Pastor rev. milton Lewis. “With those
blessings come gratitude, and a desire to express
that gratitude by serving others.”
After working for months to raise the financial
resources, followed by deliberate, comprehensive
discussions about services and staffing, Northern
Hills broke ground in October 2016 and started
construction on a new Ministry Center. The new
facility will include a multipurpose room that can seat
200+; a chapel; a local food pantry with a kitchen;
clinic space for health screenings and nursing care;
and six large classrooms.
“We own a 13,000 square foot building in the midst of
a sea of human need: physical, emotional, and spiritual.
We’re a small boat in a big sea. but our faith-history is
of a God who accomplishes a lot with a little,” Lewis
observed.
The new Ministry Center will benefit from NorthernHills long-established partnerships with otherlocal organizations in order to provide a range ofservices to neighbors, including the San Antonio
Food bank, the Texas Diaper bank and methodist
healthcare. “We have returned to our roots withno agenda other than to serve and fulfill ourcongregational mission ‘to love the world forwhich Christ died,’” said Lewis.
Northern Hills UMC has been working with
TMF since 1996. Church leadership understands
that the benefits of a loan with TmF make an impact
beyond their congregation.
“We are very aware that the interest we pay to
TMF serves a larger purpose,” said Dudley harral,
Executive Administrator at Northern Hills. “Our
loan helps other congregations reach out to serve
their communities. It’s all about furthering ministry,
and fulfilling the vision of ‘what could be.’”
“We own a 13,000 square foot building in the midst of a sea ofhuman need: physical, emotional, and spiritual. We’re a small
boat in a big sea. But our faith-history is of a God whoaccomplishes a lot with a little.”
TMF has a unique opportunity to deepen theimpact of creative ministries that are strivingtoward transformative change. We are wellpositioned to assist these leaders through grantmaking, convening conversations, and strategicplanning, as well as stewardship, gift planning,endowment, lending and investment expertise. Byhelping courageous leaders engage in purposeful
introspection, conduct ongoing evaluations tomeasure outcomes, and sharpen their visions andplans for future action, we are encouraging them asthey leave the nets of security and conventionbehind and answer God’s call to do something boldand brave. This is the kind of comprehensivesupport needed to create deeper and more long-lasting impact and change.
d i s c o v e r i n gA B U N D A N C E
b o u n d l e s sA B U N D A N C E
Twenty years ago, Grace Fellowship United methodist
Church in Katy was a worship community in search
of a place to gather. The congregation ended up
renting a facility from an equestrian center, and paying
$1 per head for each worshiper.
Today, Grace Fellowship UMC sits on a 30-acre
campus, with a worship center, a children’s center,
a youth ministry building and an administrative
and meeting facility. And TMF has been there
every step of the way.
“Since my first conversation with David mcCaskill
years ago, I realized that TmF was really about
relationships,” said mitch Peairson, Executive Pastor
at Grace Fellowship UmC. “They believed in us and
our vision for our church.”
Grace Fellowship’s vision included creating a faith
community that shared a desire for prayer,
discipleship and outreach. The first building the
congregation constructed in 1997 was not a
worship center, but a children’s center constructed
on a piece of land the church purchased adjacent
to the facility they were renting.
“It was easy to make TmF our lender of choice for
many reasons, from rates to how easy it is to work with
them,” Peairson described. “But it’s also because of
the great work that is done by and through TMF.”
Working with TMF, Grace Fellowship UMC was
able to purchase an additional piece of land that
included an open-air equestrian facility.
“The structure of columns and beams was in
good condition,” said Peairson. “We literally
poured a slab, put a new roof on it, put up walls, and
threw in some cold air. Today, that horse barn is our
1,500-seat worship center.”
With a growing and active congregation, Grace
Fellowship has been able to support mission
efforts to “reach the unreached,” whether those
people live nearby in Houston, or are an
unreached group on the other side of the world.
It’s also one of the reasons the church continues
to strengthen its relationship with TMF.
“We know God has been good to us,” explained
Peairson. “We’re fortunate to have money to
invest, and we’ve elected to invest with TMF and
the Methodist Loan Fund. With TmF, we know our
money is being put to good use, whether it’s funding
great programs like their Leadership ministry or
supporting groups working to advance the Kingdom
of God.”
“We’re fortunate to have money to invest, and we’ve elected toinvest with TMF and the Methodist Loan Fund. With TMF, we know our
money is being put to good use, whether it’s funding great programs like their Leadership Ministry or supporting groups
working to advance the Kingdom of God.”
G R A T E F U L L Y E N A C T I N G G O D ' S G R A C E
When the congregational leaders of the First United
methodist Church in Grapevine met with TMF’s
Robert Hoppe in 2005, he asked what seemed like
a simple question.
“If your church were to close tomorrow, what would be
the reaction of your community?”
The response was a stunned silence. None of the
leaders could clearly explain why the church was
important or what it stood for.
That moment of uncertainty led to a transformation
at FUMC Grapevine.
The congregation started by asking, “Who are our
neighbors?” While the community didn’t feel
wealthy, the congregation was
economically healthy
and stable.
“We had been very
inwardly focused,”
explained lay leader
Ed Crater. “The thinking was
that we were fine, so the community
around us was fine. We learned quickly that we
were wrong.”
Church leadership found out that the surrounding
neighborhood included a large number of students
receiving meal assistance at school and many
families who were struggling to live at or below the
poverty line.
The congregation started a program called ministry
mile, focused on serving anyone living within one mile
of the church who would benefit from assistance.
This led to initiatives for weekend lunch programs,
summer youth groups, and many more
actionable ideas.
The relationship between FUMC Grapevine and
TMF continues to be strong and productive,
from financing for a new sanctuary to the church’s
investments in the methodist Loan Fund.
“Our church invests in the Methodist Loan Fund for
more than favorable rates,” said FUmC Grapevine
Senior Pastor John mollet. “We’ve seen first-hand the
important work TMF supports using funds from the
interest on those investments. Two of our pastors
have benefited from their experience with TMF’s
Leadership Ministry program, and TMF has
supported our rapidly growing Hispanic Ministry
with grant funding.”
“We know TmF is using its funds to develop and support
programs that will make an impact on many ministers,
lay leaders and congregations,” Mollet added.
“They have truly made a difference in the ministry
of our church.”
FUMC Grapevine is a very different church than it
was in 2005. Instead of being satisfied with the status
quo, the congregation is committed to sharing what
they have with others – whether it’s in the form
of money or volunteers or leadership or any
combination of the three. If there’s a need in the
community, they find a way to serve.
That community continues to grow. Today FUMC
Grapevine is working with communities in
Costa Rica, Kenya, and Latvia. And no one in the
congregation has any trouble explaining the importance
of FUmC Grapevine to its neighbors.
TMF has a unique opportunity to deepen theimpact of creative ministries that are strivingtoward transformative change. We are wellpositioned to assist these leaders through grantmaking, convening conversations, and strategicplanning, as well as stewardship, gift planning,endowment, lending and investment expertise. Byhelping courageous leaders engage in purposeful
introspection, conduct ongoing evaluations tomeasure outcomes, and sharpen their visions andplans for future action, we are encouraging them asthey leave the nets of security and conventionbehind and answer God’s call to do something boldand brave. This is the kind of comprehensivesupport needed to create deeper and more long-lasting impact and change.
emb r a c i n g o u rA B U N D A N C E
“We know TMF is using its funds to develop and support programs that will make an impact on many ministers,
lay leaders and congregations. They have truly made a difference in the ministry of our church.”
S H A R I N G G O D ' S G O O D N E S S A N D G E N E R O S I T Y
TMF has a unique opportunity to deepen theimpact of creative ministries that are strivingtoward transformative change. We are wellpositioned to assist these leaders through grantmaking, convening conversations, and strategicplanning, as well as stewardship, gift planning,endowment, lending and investment expertise. Byhelping courageous leaders engage in purposeful
introspection, conduct ongoing evaluations tomeasure outcomes, and sharpen their visions andplans for future action, we are encouraging them asthey leave the nets of security and conventionbehind and answer God’s call to do something boldand brave. This is the kind of comprehensivesupport needed to create deeper and more long-lasting impact and change.
i n s p i r i n gA B U N D A N C E
In 2010, the clergy and lay leadership at St. Stephen
United methodist Church in Amarillo recognized that
they needed a new Children’s Center to truly serve
the needs of their community. They understood that
if they wanted to keep their congregation thriving,
it was important to provide the community’s
young families with enriching programs and inviting
facilities.
Beyond constructing the new Children’s Center, St.
Stephen also needed to make important renovations
to other campus buildings. While the congregation
was able to cover almost
50% of the costs through
a capital campaign and
other donations, they
would still need a loan to
fully fund the projects.
That’s when St. Stephen contacted David mcCaskill at
TMF. “From the day we first met with David and his
team at TmF in 2012, they were extremely
knowledgeable and helpful in assisting us to find a loan
that provided a financially smart and accountable
solution for funding the rest of this vital project,”
explained Senior Pastor Stan Cosby.
The new Children’s Center opened in March of
2014, and the results have been transformative for
St. Stephen UMC.
“The Children’s Center has been a tremendous point of
entry for young families looking for a church to call
home,” said Executive Pastor Scott Smith.
“Since the center opened, our congregation has
grown by 378 members, the majority of whom
discovered us through our children’s programs.”
The median age of their congregation has also
dropped dramatically in the last two years.
“The most incredible and inspiring part of this entire
project is that it was conceived, led and sustained by
some of the most senior members of our congregation,”
added Cosby. “They were the true force in bringing
new members and younger families to our church.”
Many of the people promoting the change have
been part of this congregation since the 1960s and
1970s, when they joined St. Stephen with their own
young families. They shared a profound gratitude for
what St. Stephen had meant to their families through
the years and wanted to pass on that gratitude by
offering that same sense of inclusion and spiritual
kinship with a new generation of families
in Amarillo.
St. Stephen and TMF have enjoyed a long and
trusting relationship for decades. It’s why the church
not only looks to TmF for help with loans, but also why
St. Stephen invests with TmF.
“TMF has always been competitive financially,”
explained Smith. “But the real reason we trust TMF
with some of our investments is that we know that
the interest TMF earns through the Methodist Loan
Fund is used for a range of projects that support
other churches and organizations in working to
achieve their ministerial goals. We feel that investing
with TmF is not just a great way to manage our
investments, but also for working to grow the Kingdom
of God beyond our church.”
I N S P I R I N G A N E W G E N E R A T I O N O F W O R S H I P E R S
“The most incredible and inspiring part of this entire project is thatit was conceived, led and sustained by some of the most senior
members of our congregation. They were the true force in bringingnew members and younger families to our church.”
2 0 1 6 Y E A R I N R E V I E WTMF ended 2016 with a deeper understanding of theimportance of abundance and the vital role that faith communities
play in forming and nurturing that sense of abundance.
The significance of the following developments, activities,and financial reporting is in how they reflect the manycongregations, leaders, families, individuals, andorganizations we are privileged to work with who affirm God’s abundant love and generosity by sharing that love withneighbors and strangers, so all can experience an abundant
life of meaning, purpose, and hope.
FINANCIALn As of December 31, 2016, total assets under management
by TMF were approximately $525 million, an increase of$20 million from 2015.
n Investments in the Methodist Loan Fund are currentlyfunding 442 loans to United methodist churches andagencies. Our loan balance ended 2016 at $343 million,up $29 million from end-of-year 2015.
n Our Undesignated Endowment grew during the year byapproximately $3 million, ending the year at $35 million. The relationship between our loan portfolio and ourendowment has never been healthier and, in fact,exceeds guidelines established by our board. Additionally,this endowment growth diversifies and enhances ouroperating income stream by generating additionalrevenue for operations.
n Not included in the amount above, endowment dedicated to our Leadership ministry now totals an additional $7.1 million,up from $5.8 million. Because of TMF’s long-standingconviction that strong pastoral leadership is crucial tocreating vital congregations, we have set a goal of $20million in endowment to support this crucial work.
n Gifts to TmF totaled $3.4 million:
2 Gifts to Leadership ministry ended the year at$492,058. Included in that amount are new gifts andpledges of $455,941 to the Gil rendle Learning andLeadership Endowment. The endowment honorsGil’s legacy by supporting his work to createopportunities for TMF to open new paths of
conversation, discernment, and courageousministry by leaders in connection with TMF’sLeadership Ministry. As of March 2017, theendowment has grown to $900,000 in gifts andpledges.
2 Gifts to the Grants ministry included $40,827.
2 Development staff worked with individual donorson planned gifts totaling $2.9 million.
n In 2016, TmF Grants continued efforts to identify andinvest in financially sustainable ministries that clearlyarticulate outcomes and work toward lastingimprovements in the quality of life for those they serve.As a conscientious steward of the generosity of donorsand of TMF, we invested in truly transformationalinstitutional and entrepreneurial ministries that showstrong leadership, a vision for change, and purposefuluse of the funding we provide them. We continue tohelp grant applicants address key issues, such as strategicplanning, alternative funding sources, and methods formeasuring outcomes and effectiveness. One of thehighlights from 2016 is TMF’s collaboration with moodymemorial UmC in Galveston to enhance the ministries ofmission milby and Westbury UmC’s Fondren Apartmentministry (FAm) in houston. By partnering together andgalvanizing both financial and strategic planningexpertise, Moody Memorial and TMF provided anarray of powerful resources to further deepen theimpact of these innovative ministries.
During 2016, TMF made grants totaling approximately$1 million. Of that total, an estimated $650,000 camefrom endowments created by individual donors and$350,000 from TmF operations. The Grants Committeeof the TMF Board of Directors determines distributiondecisions for these discretionary funds. In 2016, grantsfunds were distributed as follows:2 43% to outreach ministries and evangelism
targeting systemic change2 45% to ministries which systemically benefit
families living in poverty, particularly children2 12% for scholarships
c r e a t i n gA B U N D A N C E
n In addition to the $1 million cited above, TmF provided $180,000 inspecial grant funding to the six conferences we serve throughout Texas andNew mexico. Since beginning these grants in 2009, TMF has awarded atotal of $1,430,000 to the conferences, all of which has been used at thediscretion of the presiding Bishops. For 2016, we asked the Bishops toalign the funding with organizations addressing critical needs in waysthat bring about meaningful and sustainable change, consistent withour Grants Ministry’s focus on systemic change.
n TMF distributed approximately $1 million from permanent endowments,predominantly to United Methodist causes.
LEADErShIP mINISTrY AND ArEA STAFFn TmF’s Leadership ministry seeks to enable courage, learning, and
innovation among leaders. The primary method by which we do thiswork is through facilitating transformational conversations; some takethe form of ongoing peer groups and others as stand-aloneconversations around an adaptive issue. During 2016, TmF hosted 15 peer-learning groups, involving over 275 clergy and lay leaders from across Texasand New mexico, as well as drawing from the other conferences of the SouthCentral Jurisdiction (SCJ). These groups have proved pivotal in buildingcollegial relationships that support pastoral excellence and in helpingpastors understand the challenges they face and provide strategies forresponding. In addition to continuing our commitment to ongoinggroups, such as the SCJ bishops Conclave, the New and Continuing DistrictSuperintendent groups, Executive Pastors, musicians, and ministry with thePoor group, in 2016 TMF worked in collaboration with horizonsStewardship Company to launch a Year-round Generosity Pilot Projectwith seven congregations in the North Texas Conference. We also areengaged in an ongoing learning partnership with ministry InnovationFellows Angie Thurston and Casper ter Kuile at harvard Divinity School whoare working to resource and network ministry innovators across thecountry who are creating communities that attract those who are unlikelyto affiliate with traditional congregations.
n In 2016, the Area Representatives team adopted a new hybrid model of representing TMF’s work, which includes both geographic coverageand resource specialization. Specialties within the team include laityempowerment, year-round stewardship planning, endowment and legacygiving, strategic discernment, miracle Sunday stewardship campaigns, andnon-profit governance. The team held 22 Putting Your house in Orderseminars to help people with a variety of end-of-life issues. Four ‘holyConversations’ processes were completed. Fifteen half-day or full-dayworkshops helped congregations drill down more deeply into their core
purpose. Two miracle Sunday campaigns were held with each exceedingthe announced goal. The team visited with 25 churches aboutbeginning or re-awakening endowment giving. Work on matters ofgovernance with non-profit boards of directors proved transformationalfor their work.
STAFFINGn During 2016, TMF staff said goodbye to Gil rendle whose unrivaled
intellect, wisdom, facilitation skills, and profound sense of commitmentto the purpose of the church have had a reverberating influence onUnited Methodist judicatories, congregations, and non-traditional faithcommunities across the country.
n TMF also celebrated the retirement of Don Psencik, Senior Arearepresentative and Church Endowment Specialist. A 22-year TMFemployee, Don worked to empower vibrant ministry in churches, firstin the Central Texas Conference and then the Texas Conference. Don also worked with many individuals and families during his tenureto help them steward their resources to align with their faith valuesthrough legacy giving.
n As announced earlier, we welcomed bishop Janice riggle huie whoofficially began her role in Leadership Formation in January 2017.Bishop Huie’s experience and knowledge are well-suited to TMF’s dual focus on encouraging leaders to think expansively and actcourageously both to improve existing congregations and create newcommunities of faith.
n In the fall of 2016 richard Edwards began his role as Senior Arearepresentative for the Northwest Texas Conference where he connectsclergy and lay leaders to resources relevant to their unique goals formissional growth in their congregations and communities.
n TMF will welcome Carol montgomery in July 2017 as Area Representativefor the North Texas Conference. An elder in the North Texas Conference,Carol is currently serving Cornerstone UmC in Garland. A graduate ofOklahoma State University, Carol earned a Master’s in Counselingfrom Texas Woman’s University and Master of Divinity from PerkinsSchool of Theology. She will be stepping into John Thornburg’s role tofree him to manage Area Staff activities for all six conferences thatTMF serves.
recognizing ourA B U N D A N C E
apprec ia te ou rA B U N D A N C E
2 0 1 6 F I N ANC I A L S
TMF SCHEDULE OF SELECTED F INANCIAL DATA FOR EACH OF THE SEVEN YEARS IN THE PER IOD ENDED DECEMBER 31 , 2016
LIFE FUNDS
TOTAL FUNDS INCOME ENDOWMENT MANAGED FOR
2016 OWNED FUND FUND INVESTORS ASSETS CASH AND CASH EQUIVALENTS $2,694,362 $240,806 $18,408 $66,428 $2,368,720
ACCRUED INTEREST RECEIVABLE 1,228,959 139,312 14,558 211,851 863,238
CONSULTING FEES RECEIVABLE 2,500 2,500 - - -
PLEDGES RECEIVABLE 1,000 - - 1,000 -
LOANS 359,417,473 23,982,455 2,434,657 8,695,011 324,305,350
BOND FUNDS 3,238,188 288,038 3 1,033 2,949,114
STOCKS 147,530,831 14,158,096 13,229,638 55,579,779 64,563,318
CERTIFICATES OF DEPOSIT 5,003,463 457,395 5 1,592 4,544,471
LAND AND BUILDINGS 1,346,241 1,346,139 1 101 -
OIL AND GAS INTERESTS 561,357 100 556,390 1,867 3,000
OTHER INVESTMENTS 57,746 - - 57,746 -
FIXED ASSETS, NET 2,721,864 2,721,864 - - -
INTANGIBLE ASSETS 530,535 530,535 - - -
PREPAID EXPENSES 599,863 203,462 396,401 - -
TOTAL $524,934,382 $44,070,702 $16,650,061 $64,616,408 $399,597,211 LIABILITIES AND NET ASSETS LIABILITIES:
DISTRIBUTIONS, GRANTS AND ACCOUNTS PAYABLE $3,460,906 $886,613 $52,823 $2,190,550 330,920
DEFERRED REVENUE 131,405 131,405 - - -
DEFERRED GRANT REVENUE 400,000 400,000 - - -
LINE OF CREDIT 12,965,000 873,233 90,720 327,376 11,673,671
FUNDS MANAGED FOR INVESTORS 387,592,620 - - - 387,592,620
FUNDS HELD AS AGENT 56,753,456 - 16,305,986 40,447,470 - TOTAL LIABILITIES 461,303,387 2,291,251 16,449,529 42,965,396 399,597,211
NET ASSETS $63,630,995 $41,779,451 $200,532 $21,651,012 -
-
TOTAL $524,934,382 $44,070,702 $16,650,061 $64,616,408 $399,597,211
AT YEAR END : 2010 2011 2012 2013 2014 2015 2016 FUNDS MANAGED FOR INVESTORS $299,396,216 $301,622,524 $326,374,476 $319,980,087 $393,454,064 $389,012,350 $387,592,620
LOANS 296,552,405 310,396,734 325,359,350 327,256,864 332,804,892 324,696,565 359,417,473
OTHER SECURITIES 61,346,922 67,356,467 86,024,802 92,080,540 153,758,360 159,664,643 155,772,482
OPERATING AND MEMORIAL NET ASSETS 17,090,584 20,183,904 23,531,390 27,451,359 29,928,607 31,798,055 34,648,406
TMF LEADERSHIP MINISTRY 3,585,475 4,026,196 4,197,890 4,687,298 5,652,360 5,819,173 7,131,045
PERMANENT GIFTS (FOUNDATION,TRUSTEE) 61,656,675 64,635,125 71,918,876 81,824,737 92,574,608 94,420,215 103,877,933
TOTAL ASSETS $373,501,239 $383,922,117 $419,390,976 $425,941,318 $510,478,159 $505,052,287 $524,934,382
B O A R D M E M B E R S B Y C O N F E R E N C E
C E N T r A L T E x A SDr. Chris HayesMr. Henry JoynerDr. Dale KnobelBishop J. Michael Lowry*Mr. Wesley MillicanMr. Hiram Smith**
N E W m E x I C OBishop W. Earl Bledsoe*Mr. John GoodwinRev. Jeff LustMr. Sid StrebeckMr. Tom Toevs
N O r T h T E x A SMr. Jim AdamsMrs. Mary Brooke CasadMrs. Pat DealMr. Robert DupuyDr. William GreenMr. Larry HaynesMr. Joseph W. HolmesBishop Michael McKeeDr. Clayton OliphintDr. Owen RossDr. Andrew StokerMr. Kelvin Walker Ms. Julie YarbroughMrs. Kay Yeager
N O r T h W E S T T E x A SBishop W. Earl Bledsoe*Mr. Matthew BumsteadJudge Ron EnnsDr. James W. HuntMr. Bynum Miers**
r I O T E x A SMr. James A. Cox**Dr. Daniel FloresRev. Thelma Flores*Rev. Scott HeareMr. Jim HornbuckleMrs. Teresa KeeseRev. Laura MerrillMr. Robert T. Rork**Bishop Robert Schnase*Mr. Robert C. Scott**Mr. Robert B. Sunderland**Ms. Amy Shaw ThomasJudge Henry Santana
T E x A SMr. William BleibdreyMs. Gene GrahamDr. Don HouseMr. Rock HoustounMrs. Thomasine JohnsonBishop Scott Jones*Dr. Thomas J. Pace, IIIDr. Matthew RussellMr. James V. WalzelRev. Jim Welch
*ADV ISORY
**EMER ITUS
A B U N D A N C Ei s e v e r y w h e r e
what we need is
here.‘‘
‘‘
ArEA rEPrESENTATIVESJOHN THORNBURG Senior Area Representative, North Texas
Conference, and Vice President of Area StaffMELVIN AMERSON Senior Area Representative, Resource SpecialistRICHARD EDWARDS Senior Area Representative,
Northwest Texas ConferenceERIC MCKINNEY Senior Area Representative,
Central Texas ConferenceJOHN R IVAS Executive Director for New Mexico ActivitiesJOYCE RUSSELL Senior Administrative AssistantTOM STANTON Senior Area Representative,
Rio Texas Conference and General CounselLEAH TAYLOR Senior Area Representative, Texas Conference
ChArITAbLE SErVICES AND DEVELOPmENTJUSTIN GOULD Vice President of DevelopmentEMILY ADDINGTON Administrative Assistant Donor/DevelopmentKARYL SE IBERT Endowment AdministratorCHARLES SMITH Charitable Services Representative
ExECUTIVETOM LOCKE PresidentCURTIS V ICK Executive Vice PresidentTERI F ICHERA Director of Event Planning and
Executive SupportLAURA FUQUA Executive Administrative Assistant and
Corporate Secretary
FOUNDATION rELATIONSPATTI S IMMONS Vice President of Foundation Relations
GrANTS mINISTrYJACKI LAMMERT Director of Grants MinistryPATTI GLANZER Grant Associate
LEADErShIP mINISTrYBISHOP JANICE Leadership FormationRIGGLE HUIE
L ISA GREENWOOD Vice President of Leadership MinistryMARY ESSLINGER Leadership Ministry Assistant JANET KLOSTERBOER Senior Administrative Assistant
mEThODIST LOAN FUND SErVICESDAVID MCCASKILL Senior Vice President of MLF ServicesROBERT HOPPE Vice President of Loans and Real EstateSARA BELTRAN Assistant Vice President of Investor ServicesPAULA S INI Assistant Vice President of LoansVIRGINIA ADDINGTON Loan and Investor Services AssistantRANDI FORREST Investor Services AssistantTERRI HARNISH Loan CloserJENNY KING Loan Assistant
OPErATIONSCANDY GROSS Senior Vice President of OperationsGERRY SCHOENING Assistant Vice President, ControllerPATSY WILSON Assistant Vice President, Human ResourcesLASHUNDRA BUFORD Office Operations Administrative AssistantTHERESA MCGEE Office Assistant, New Mexico OfficeL INDA PARNELL ReceptionistSUSAN PUHAR Process AnalystTERESA R ICE Data AnalystSONIA R ILEY Office Manager and Accounting AssistantBARBARA WARREN Accounting SupportCINDY WARREN Director of Database and IT
OFFICErSTOM LOCKE PresidentCURTIS V ICK Executive Vice PresidentCANDY GROSS Senior Vice PresidentDAVID MCCASKILL Senior Vice PresidentJUSTIN GOULD Vice PresidentL ISA GREENWOOD Vice PresidentROBERT HOPPE Vice PresidentPATTI S IMMONS Vice PresidentJOHN THORNBURG Vice PresidentSARA BELTRAN Assistant Vice PresidentGERRY SCHOENING Assistant Vice PresidentPAULA S INI Assistant Vice PresidentPATSY WILSON Assistant Vice President
T M F S T A F F
t h i s i sABUNDANT L I F E
u n e n d i n gA B U N D A N C E
You can’t outgive
God.‘‘ ‘‘t m f - f d n . o r g