LOVERS LANE UNITED METHODIST CHURCH FOUNDATION

THE LOVERS LANE UNITED METHODIST CHURCH FOUNDATION (THE "FOUNDATION") EXISTS SOLELY TO SUPPORT LOVERS LANE UNITED METHODIST CHURCH (THE "CHURCH") AND ITS MINISTRIES ("MINISTRIES"), THROUGH THE RECEIPT OF CONTRIBUTIONS TO ONE OR MORE 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, ITS MINISTRIES OR INDIVIDUALS SERVED BY THE CHURCH OR ITS MINISTRIES. 2023 WAS A GREAT YEAR FOR THE FOUNDATION. TOTAL ASSETS REMAIN AT THE HIGHEST LEVELS (ALMOST 28 MILLION DOLLARS). OUR DISTRIBUTIONS OR GRANTS TO THE CHURCH AND ITS MINISTRIES HAVE GROWN FROM APPROXIMATELY 440,000 IN 2019 TO MORE THAN HALF A MILLION IN 2020 AND 2021, MORE THAN 550,000 IN 2022 AND MORE THAN 750,000 IN 2023. BELOW ARE EXAMPLES OF HOW THE FOUNDATION HAS SUPPORTED OUR CHURCH WITH GRANTS IN 2023 (ROUNDED TO NEAREST APPROXIMATE NUMBER): FACILITIES 345,800 SCHOLARSHIPS 71,800 MUSIC & ARTS 56,000 BENEVOLENCE & CARE 27,200 IMANI KENYA MINISTRIES 17,057 MISSION AND OUTREACH 16,000 MODERN WORSHIP EQUIPMENT 15,000 SHIPP CHAPEL EQUIP 15,000 COMMUNICATION/TECH 14,500 FAMILY MINISTRIES 13,300 YOUTH/KIDS MIN 9,200 SPECIAL NEEDS CHILDREN 9,000 DEAF MINISTRIES 4,100 YAM MINISTRIES 3,700 PRISON MINISTRIES 1,500 LECTURE SERIES 14,571 12 STEP 16,500 WALNUT HILL CHURCH 38,000 AS OF 12-31-2023, THE FOUNDATION'S ENDOWMENT FUNDS CURRENTLY TOTAL ALMOST 19.5 MILLION DOLLARS. IN ADDITION, THE FOUNDATION HOLDS AND INVESTS FUNDS OF THE CHURCH AND ITS 501(C)(3) SUBSIDIARIES TOTALING APPROXIMATELY 8.4 MILLION. THE FOUNDATION IS MORE THAN JUST A SERIES OF ENDOWMENT TRUSTS -- IT IS LITERALLY THE FOUNDATION UPON WHICH MUCH OF THE FINANCES OF OUR CHURCH AND ITS MINISTRIES DEPEND. OUR CONGREGATION HAS MADE THE CHURCH PART OF THEIR LIVES -- THE FOUNDATION IS THEIR OPPORTUNITY TO MAKE THE CHURCH PART OF THEIR LEGACY.