Annual Report 2015 - Foundationumfwv.org/sites/default/files/2015 Annual Report_Web.pdf · manage charitable donations on behalf of individuals and families and makes charitable distributions

United Methodist Foundation of West Virginia, Inc.

To Serve...

Annual Report 2015

United Methodist Foundation of West Virginia, Inc.

Our mission is to serve United Methodist individuals, families,

local churches and conference-related ministries by raising, managing and distributing funds

to benefit United Methodist ministry.

Contact usOffice: 900 Washington St. East, Suite 203 Charleston, WV 25301Mail: P.O. Box 3811 Charleston, WV 25338-3811Phone: 304-342-2113 800-788-3746 ext. 45 (toll free) 304-342-2632 (fax)Email: [email protected]: www.umfwv.orgFacebook: www.facebook.com/umfwv

Contents

1 President’s Review

2 Lasting Legacy

3 New Trust Agreements

4 A Light in the Darkness

5 New Custodial Accounts

6 Honorary Gifts

6 In Memorium

7 Memorial Gifts

8 Individual Donors

9 Estates

10 Institutional Donors

and Depositors

12 Sent into the World

13 Focus on the Numbers

14 Financial Report

16 Beneficiaries

18 Board of Trustees

20 Foundation Staff

21 Connect with The Foundation

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Whoever serves me must follow me, and where I am, there will my servant be also.

John 12:26a

To Serve

President’s ReviewThis Annual Report provides the details of how we accomplished our mission during 2015. We have attempted to provide the stories behind the numbers. Please read this publication and the stories of the legacies of generosity, the individuals who help us fulfill this ministry, and transformed lives.

Raising: The total amount of gifts and deposits in 2015 is $4.375 Million. Of that amount, $394 Thousand is in new endowment trusts—permanent funds set aside to provide perpetual financial resources for a broad variety of ministries. $1.959 Million is in new custodial accounts—long-term investment accounts placed for investment services with The Foundation by churches and agencies of the Conference. These funds grow through the investment process, and the total amount is available for withdrawal at any time, with no maturity dates and no penalties for withdrawal. The rest of the gifts and deposits went into previously established permanent trusts or custodial accounts.

Managing: 2015 was another year of market volatility. In times such as these, it is a good idea to remember that at the United Methodist Foundation of West Virginia, Inc., our focus as investors is very long term; we do not try to outguess the markets in the short term. We do everything possible to make sure we are being good stewards of the assets our donors and clients have entrusted to us. We have an experienced and capable Investments Committee overseeing these activities, and we engage highly qualified experts in Wespath Investment Management to guide our investment decisions.

Distributing: We do not raise and manage money to build up The Foundation, but rather to expand and enhance United Methodist ministry in the name of Jesus Christ throughout the West Virginia Annual Conference and beyond. Almost $3.5 Million was distributed in 2015, including $317 Thousand to beneficiaries of unitrusts and charitable gift annuities and $3.26 Million to churches, ministries, and other beneficiaries of endowment trusts and custodial accounts. The Foundation also gave away a tithe of our 2015 revenues for grants. A separate article in this Report provides some of the details of this grant making ministry.

As you read through this Annual Report, we hope you will consider the possibilities of ways The Foundation can help you or your particular church or ministry. •

Page 2 United Methodist Foundation of West Virginia, Inc.

To Serve

Founding Trustee Leaves a Lasting Legacy

Luther E. Woods died March 15, 2015, but his legacy of

generosity continues.

Luther E. Woods was born in 2012, in Gary, McDowell County, West Virginia. Luther was preceded in death by his wife of 69 years, Kitty Darlington Woods. He was known as a gifted musician, lawyer, and keen businessman with a generous heart and a penchant for storytelling. Even while involved in his busy law practice, Luther served as organist and choir director for thirty years at Johnson Memorial United Methodist Church in Huntington.

In 1975, Luther and Kitty started The L-K Trust, a non-profit family trust, as a vehicle for their charitable giving. Each year, the trustees of The L-K Trust made distributions to various charities in West Virginia and Florida, including their beloved Johnson Memorial United Methodist Church in Huntington and other United Methodist Ministries.

Mr. Woods served on the boards of numerous businesses and charities; in fact, he was one of the founding trustees of United Methodist Foundation (then known as “Charities”) of West Virginia, Inc. During and after his service as a trustee, Luther remained a faithful and generous donor to The Foundation’s ministries. The Woods’ daughter, Sue D. Woods, the third trustee from the inception of The L-K Trust, also later served on The Foundation’s Board of Trustees.

As Luther and Kitty Woods entered their retirement years, Sue D. Woods handled the administration of The L-K Trust, including managing the finances, investing, and filing tax returns. In 2013, they explored the idea

of creating a donor advised fund at the United Methodist Foundation of West Virginia, Inc.

A donor advised fund is a charitable giving technique where The Foundation can manage charitable donations on behalf of individuals and families and makes charitable distributions based on their advice. Many families have found that a donor advised fund is a good alternative to a family foundation. After meeting with Foundation staff, the trustees of The L-K Trust decided that the timing

was right; they decided to transfer the Trust’s assets to the Foundation to start The L-K Trust Donor Advised Trust at the Foundation.

Sue D. Woods serves as the advisor and gives the Foundation suggestions for distributions periodically. She is able to give up having the sole responsibility of managing The L-K Trust while continuing to support the charitable interests of her parents. After the death of Mr. Woods, a gift from his estate was added to the trust. The churches and agencies that he supported during his lifetime will continue to receive his support.

Although the distributions are made by the United Methodist Foundation, the accompanying letter connects the gift to The L-K Trust; the generous legacy of Luther E. Woods and The L-K Trust continue!

Consider the possibilities of a donor advised trust at The Foundation. It can be a flexible alternative to a family trust, as it was for The L-K Trust, but it can also serve individuals by simplifying charitable giving. •

Luther E. and Kitty Darlington Woods

Annual Report 2015 Page 3

Individuals and Families

Dallas and Ann Bailey Memorial TrustTo benefit West Virginia Wesleyan College

Barnabas Donor Advised Trust

Dorothy and Glenn Barton Memorial Trust

To benefit the Conference’s Pension Fund and Wayside United Methodist Church in Elkins

Rev. Dr. Lander D. Beal Seminary Scholarship Trust

Donald L. and Betty J. Davis Ministry Scholarship Trust

First United Methodist Church of Huntington Scholarship Program

Including the following::• William and Lucille Anderson

Scholarship Fund• Arthur E. Beckett Scholarship Fund• Kevin Bowen Scholarship Fund• Larry Chambers Scholarship Fund• Herbert Eaton Scholarship Fund• Garrett H. Evans Scholarship Fund• Ezra Gibson Scholarship Fund• Bill Hall Scholarship Fund• Mary Kacmar Scholarship Fund• Martha Peck Scholarship Fund• Bill Shomo Scholarship Fund• Kelton Smith Scholarship Fund• Harry Wolfe Scholarship Fund• First United Methodist Church

General Scholarship Fund

Godwin Scholarship TrustTo be administered by First United Methodist Church of Buckhannon to provide scholarships to students of Buckhannon-Upshur High School.

Rev. B. Ross, Jr. and June C. James Memorial Trust

To benefit the Salvation Army, Mountaineer Habitat for Humanity, St. Andrews UMC and Burlington United Methodist Family Services.

Tulasi Joshi Donor Advised Fund

MTSO Alumni Scholarship Trust

Carl and Eunice McCune Memorial Trust To benefit Gassaway United Methodist Church.

New UnitrustPamela Balch Unitrust

New Endowment Trusts


To Serve

Shining a Light in the Darkness

Consider this. In West Virginia, one in three children lives in poverty. Almost 10% of babies are born with low birth weight. In our schools, 55% of students

are approved for a free or reduced lunch. Over half of all fourth graders in West Virginia cannot read at what is considered a proficient level. Children who lived in poverty are more likely to have children outside of marriage, to be arrested, and to have severe health problems. How can we help light their way?

The churches of the Taylor County Cooperative Parish are witnesses to the effects of these statistics. Taylor County has the second highest high school drop-out rate in West Virginia, and the judicial system has noticed a correlation between the drop-out rate and court appearances. United Methodists in the Parish began dreaming of a way to best help their community. They decided they would begin by providing financial help to young people in Taylor County with their education. Their hope is that this will bring positive change to the entire county.

To start the scholarship fund, members in the participating churches gave small amounts of money until their combined gifts were over $1,000. Kim Matthews from The Foundation met with the Scholarship Committee to discuss the benefits of a custodial account and the investment options The Foundation offers. After this, the Taylor County Cooperative Parish Scholarship Account was born. It continues to grow as church members make additional monthly contributions to the Parish for the scholarship account.

United Methodists in the Taylor County Cooperative Parish see the needs in their county, but they are also witnesses to the light of Jesus Christ, and they are shining that light in the darkness. •


Churches and Conference-Related Ministries

New Custodial AccountsAnnual Conference United Methodist Men Scouting Scholarship Account

To provide funding for boy scouts to attend events such as the National Jamboree

Arbovale United Methodist Church Reserve Account

Cheat Lake United Methodist Church Reserve Account

Concord United Methodist Church Reserve Account

Division of Health and Welfare Custodial Account

Fayetteville Food Pantry Ministry Account

First United Methodist Church of Huntington Scholarship Program

Including the following Custodial Accounts: • Evans Distribution Account• First United Methodist Church of Huntington

Discretionary Fund• Smith Distribution Account

Memorial United Methodist Church Roof Replacement Account

Mt. Union United Methodist Church Reserve Account (Huntington)

Morley Q. Parsons Scholarship AccountFor the ministry of Calvary United Methodist Men, Ripley

Pisgah United Methodist Church Custodial Account

Sandyville United Methodist Church Endowment Fund

South Central District of the North Alabama Conference of the United Methodist Church Custodial Account

St. Luke’s United Methodist Church Custodial Account

Stinson United Methodist Church Custodial Account

Taylor County Cooperative Parish Scholarship FundTo provide scholarship assistance to members of the Grafton community

United Methodist Temple Campus Endowment Trust

Walnut Street United Methodist Church Reserve Fund

Wesley United Methodist Church Parsonage Account (Fairview)


To Serve

Honorary GiftsGifts were made in honor of the following people.

Arthur T. ArtzbergerPresident Pamela and Patrick BalchEd and Pam BarnetteLander L. BealBishop Sandra Steiner BallRev. Ronald R. BrooksHarold G. BurkeWilliam A. Byus, Sr.Martha CaseyBob ColemanDavid and Judie GommollJanice and Michael KrugerMary LipphardtRev. and Mrs. John W. LipphardtKim and Steve MatthewsKathleen MitchellRev. David R. PetersHarriet PetersJoseph and Sheila PetersBruce RousRev. Jay RundellJudy SimmsMr. and Mrs. Robert N. Skinner

Joyce and Dirk SpencerDrs. Alison Spiker and Grant MorrisJeffrey A. TaylorJoel and Mary TaylorUnited Methodist Foundation of West Virginia former and current staff and trusteesJaye and Mike WalkerRev. and Mrs. G. Alan WilliamsHeather Withrow

Gifts were made in honor or memory of the following United Methodist Men

of the Year.

Charles AkersSamuel LadaGeorge SiglerAllan Wolfe

United Methodist Man of the Year

In Memorium• Former Trustee, John W. Blagg, of Rocky River, Ohio, died March 13, 2015. • Luther E. Woods, of Huntington, one of our founding trustees, died March 15, 2015.• Former trustee and secretary of the Board, Betty Jean Heater, of Gassaway, died

April 13, 2015. • Jane M. Dils, widow of former trustee, Edwin Dils, died on October 18, 2015. • Former Chairperson of the Board of Trustees, Betty Gordon, of Bluefield, WV, died

on December 5, 2015.• Former Trustee, Charles C. Lanham, of Point Pleasant, died on December 15, 2015


by Raising Funds for Ministry

Memorial Gifts

Janet AndersonJohn C. and Ada Kathryn ArterWilda Frances BeardMargie Elizabeth BelcherHelen BelcherYvonne Y. BournerRupert BowlingVirginia M. ButlerKaren S. CamdenRev. Joseph H. CaseyBetty ClayWoodrow and Lousie CoffmanLaura Kathryn CrawfordRev. James DempseyClara Belle DenningSarita P. EasleyPauline M. EatonDale FlowersDoran FrameMary FrameHollis Eugene GardnerGertrude GibsonRev. Charles GodwinRev. Harry I. and Frances B. GommollL. June GrayDavid C. and Margie J. HardestyJohn Dennis HartsogWayne and Mary HaymeLeah HenryTom and Marilyn HolleronPhyllis A. HoltzworthJune C. JamesRev. David E. JasperPatricia Kent JohnstonPauline Laughlin JonesJ. Grant and Clyta M. KaufmanShirley KincaidOpal Lantz

Lloyd LewisBurl LifeHenry and Agnes MartinEvelyn MooreBill MorrisonShirley MossNancy MullinsClarence and Anna NorthrupJeffrey C. OhlPhillip PainterRev. and Mrs. T. E. PainterRobert and Patricia PerelmanRussel H. and Maxine Shay PetersJim RayRev. Susan RectorRuth E. RobertsonJack SearsJo Anne Blevins SeaverRev. Frank ShafferJanet Elizabeth SigmonJackie SimmonsRoy and Ruby SkilesJames R. "Jim" SkilesC.R. Bob SkilesRev. Harold SlateRev. Edwin A. SmithWilma StoutJean StrongGeraldine and Floyd H. Taylor, Jr.Daniel Ray ThomasDr. Carl E. ThomasBetty Lou ToppingUnited Methodist Foundation of West Virginia Staff and TrusteesJess Henry WadhamsPansy Kanode WillardBetty Wilson

Gifts were made in memory of the following people.


To Serve

Individual DonorsRev. Timothy and Kelly Ann AllenScott and Maribeth AndersonWilliam C. Atwell

Rev. Dallas and Ann BaileyPamela BalchDavid and Cynthia BarnetteRev. Lander and Cynthia BealRev. Clyde and Alma BeardPaula J. BeardDr. Keith W. BeardRoy and Joy BennettRev. Martin and Sandra BerisfordElliott BirckheadLarry and Marlyn BissettRev. Gregory and Kathy BlairRev. Richard and Faith BowyerRev. Michael T. BradfieldBill and Faith BraggRev. Ronald and Edna BrooksRobert and Eileen BrownJennings and Brenda BrowningBerlyn and Marjolyn BryanRev. L. Norman Butler

Rev. Sharon G. and Robert CarrMartha CaseyJames and Beverly ChaneyRev. Michael and Joyce ChapmanRuby A. CoppingerDarroll CourtneyAdam Cunningham

Nora Griffin DavissonDr. David DenningD. Lyn and Susan DotsonRev. Eileen G. DumireThomas and Betty Dunlap

Rev. Paul H. Easley Jr.

Jack and Judy EblinJohn and Jeanne ElamJoseph ElliotRev. Suzanne and William EllisHelen EppsDr. Douglas and Joyce Ey

Rev. Dr. Daniel and Betty FarleyAnita FarrellCaitlin Frail

James and Carol GardnerVirginia Lee GleasonWilda M. GodwinBruce and Betty GreeneBishop William Boyd and Mary Lou GroveCharles and Patricia Gruber

Robert and Beverly Haden

David and Susan HardestyBenjamin and Jean HardestyBrookie HenryFred and Melanie HerrRichard HessArt and Carolyn Hoffner

Linda and Art JacknowitzFrank A. and Kathleen JacksonJohn JarrettRev. Jonas and Janis Johnson, Jr.Rev. Robert and Alma JohnsonPatricia Johnston and Lawrence FrailJ. Brooks and Josette JonesDr. Tulasi Joshi

Thaddeus and Virginia KauffeltRev. Patrick and Denise KerrWilliam and Dana Kosto

Jeff Taylor and Kathleen Mitchell celebrating her 100th birthday



Rev. Dr. J.F. and Lin LacariaRev. John W. and Nancy LipphardtRevs. Douglas and Judith ListonJ. Franklin and Vernon LongMarilyn Lynch

Rev. Bonnie MacDonaldRevs. Thomas and Stephanie MalcolmRev. John and Maycle MasonKimberly and Steven MatthewsAlbert V. and Coni MaysRev. Ronald and Margaret McCauleyCharles and Margaret McClureMichael and Tina McCreadyRobert Eugene McCuneRevs. John and Lisa McKeeOdell MillerBarry and Susan MillerMartha Ann Morgan Norman K. MorganDrs. Grant and Alison MorrisMargaret MossElizabeth MuldoonRev. Frank and Cathy NaglicDennis Nesser

Rev. Martha Ognibene and Rev. Bart ThompsonDavid W. Ohl

Mrs. Elda PainterJack and Claren PerkinsRev. David and Harriet PetersScott and Carole PetersDr. Benjamin and Sayaka PetersRoy and Rose PfeifferJeffrey and Sharon PorterAlvin and Eleanor PorterfieldHilda A. PyattRev. Dr. W. Kenneth and Judy Pyles

Ronald and Janet Raether, Jr.William and Gail RevelsRev. John Charles and Alice RiecksJack and Georgia RiggsJohn RobertsLessie Runner

Rev. Clifford and Mary Ann SchellRich and Deborah ShafferRev. Amy and Craig ShanholtzerGeorge and Mary SiglerDr. Jack and JoElla SinkDr. R. Merritt Sink and Anne SinkJohn W. and Wanda (Flint) SkidmoreC. Russell and Carolyn SmithDirk and Joyce SpencerMichael and Martha SpikerRev. Paul M. Stadelman and Rev. Helen OatesGregory and Lorri SteppRev. Thomasina Stewart

Rev. Jeffrey and Mary TaylorJ. Scott TharpRita K. Thomas

James and Shirley TolbertJack and E. Joyce TownsendHarriet Tucker

Edwin Van LynnMary Alice Vigneault

Dr. Dale and Marlen WatersDavid and Donna WatersRev. George and Darene WebbJeffrey and Deborah WelshonceLisa M. WildmanScott and Patricia WilsonJohn and Melanie WilsonCarol L. WoodJ. Thomas and Susan WoodsRev. Dr. Felica Wooten-WilliamsWayne and Patricia WristonRev. Elizabeth A. Wycoff

EstatesEstate of Doran FrameEstate of Luther E. Woods

Jeff Taylor with Rev. Dallas and Ann Bailey


To Serve

Institutional Donors and Depositors

Arbovale United Methodist Church

Baltimore Washington ConferenceBarnabas FoundationBeckley Area Foundation, Inc.Believe In West VirginiaBeverly Hills United Methodist Church, HuntingtonBluewell United Methodist Church, BluefieldBank of New York Mellon

Calvary United Methodist Church, RipleyCanaan United Methodist Church, CharlestonCentral United Methodist Church, HuntingtonCheat Lake United Methodist Church, MorgantownChesapeake Operating, Inc.Christ United Methodist Church, WheelingCNX Gas CompanyCommunity Development Outreach Ministries

Community Lutheran Partners, Inc.Concord United Methodist Church, Athens

Eldora United Methodist Church, FairmontElizabeth United Methodist ChurchFaith United Methodist Church, Terra AltaFayetteville Food PantryFirst Century Bank, BluefieldFirst United Bank & Trust, Oakland, MDFirst United Methodist Church, BuckhannonFirst United Methodist Church, Buckhannon, United Methodist WomenFirst United Methodist Church, HuntingtonFirst United Methodist Church, ParkersburgFollansbee United Methodist Church

Go Mart, Inc.

Harmony United Methodist Church, HuntingtonHays and CompanyHeaston United Methodist Church, BuckhannonHG Energy LLCHouse Of The Carpenter

Janes Memorial United Methodist Church, FairmontJarrett Memorial United Methodist Women, ElkviewJohnson Memorial United Methodist Church, HuntingtonJP Morgan Chase

Kenova United Methodist Church

Lewisburg United Methodist MenLubeck United Methodist Church, WashingtonLumberport United Methodist Church

McMechen-Benson United Methodist MenMemorial United Methodist Church, SummersvilleMethodist Theological School in OhioMonValley District United Methodist MenMt. Juliet United Methodist Church, Belle



SWN Production Co., LLC

Taylor County Cooperative ParishThe L-K TrustTrinity United Methodist Church, Fort AshbyTrinity United Methodist Church, New CumberlandTrinity United Methodist Church, Point Pleasant

United Methodist Ministers Wives/Mates of the West Virginia Annual Conference United Methodist Temple, Beckley

Walnut Street United Methodist Church, FranklinWellspring of Greenbrier, Inc.WesBancoWesley Chapel United Methodist Church, Terra AltaWesley United Methodist Church, FairviewWest Virginia Annual Conference West Virginia Conference Board of Global Ministries, Division of Health and WelfareWest Virginia United Methodist Men's FellowshipWinfield United Methodist Women

It is with gratitude that we list the donors, ministries and institutions that have made gifts to The Foundation or have invested funds with The Foundation. Thank you for your generosity and for allowing The Foundation to be your partner in ministry. Thank you to all of our anonymous donors. We regret the unintended omission of any donor’s name. •

Mt. Olivet United Methodist Church, WheelingMt. Union United Methodist Church, Huntington

National Association of United Methodist Foundations

Oak Hill United Methodist Church

Pea Ridge United Methodist Church, HuntingtonPennsboro United Methodist ChurchPerry Memorial United Methodist Church, Shady SpringPisgah United Methodist ChurchPresbytery of West Virginia

Sandyville United Methodist ChurchSimpson Dental AssociatesSimpson Memorial United Methodist Women, CharlestonSouth Central District North Alabama Conference United Methodist Church, AlabamaSpruce Street United Methodist Church, MorgantownSt. John's United Methodist Church, SpencerSt. John's United Methodist Church, PetersburgSt. Luke's United Methodist Church, HarrisvilleSt. Marks United Methodist Church, CharlestonSt. Mary's United Methodist Church, BeckleySt. Paul's United Methodist Church, ParkersburgStatoil Inc.Stephenson United Methodist Church, ParkersburgStinson United Methodist Church, PrincetonStout Memorial United Methodist Men, ParkersburgSuncrest United Methodist Church, Morgantown


To Serve

Sent into the WorldThe Foundation Grant Program

The Foundation’s grant program is a demonstration of how The Foundation fulfills the mission of having

been sent in Jesus’ name with the power of the Holy Spirit. Each year we tithe our anticipated revenue to help provide funding for ministry that is reaching out into the world. Grants support outward focused ministries—addressing the needs of the poor, lost, and marginalized—helping Annual Conference ministries to increase their relevancy to the world. That’s what we’re about, isn’t it? Changing the world?

In 2015, almost eighty thousand dollars was distributed to ministry through The Foundation’s Grant program. What follows are two examples of how Foundation Grants helped fund outreach ministry in our Annual Conference.

Bishop’s Scouting Dinner

Through a grant, The Foundation sponsored the Bishop’s Scouting Dinner at Summit Bechtel Reserve.

The event’s goal was to bring together leadership from local churches to encourage them to initiate or grow Scouting ministries to the children and youth in their communities.

Bill Atwell, a member of the Planning Committee and Past President of the Conference United Methodist Men, wrote in a letter to The Foundation following the event, “Thank you very much for making the Bishop’s Dinner for Scouting possible through the generous grant you provided....The Bishop encouraged churches to become chartering organizations for scouting with the message that ‘Scouting is ministry.’ That message was received by those attending the dinner made possible by you.”

House of the Carpenter

The Foundation awarded a grant to one of the Annual Conference’s mission projects, The House of the Carpenter, to provide funding for a youth coordinator to work with at-risk youth on Wheeling Island. Rev. Dr. Mike Linger, THOC’s Executive Director, said that the grant will help reach out to marginalized young people through a new mentoring program intended to provide a stabilizing presence for the children and youth served by the mission project. One of the ministries being led by the new Youth Coordinator is NOVA, a Thursday evening dinner and worship service to minister with the young people on Wheeling Island.

Application Process

Please send a letter to The Foundation explaining the ministry need, the proposed use of the grant and the amount requested. Include an explanation of how the grant submission fulfills the Grant Guidelines listed

“As the Father has sent me, so I send you.’ When he had said this, he breathed on them and said to them, ‘Receive the Holy Spirit.’” (John 20:21-22)

Bishop's Scouting dinner


by Managing Funds for Ministry

Total Assets UnderManagement

$87,259,927.02

Total Gifts and Deposits$4,375,389.83

Distributions For Charitable purposes

$3,259,952.59 and

To beneficiaries of life income gifts

$316,660.38

Permanent Trusts Twenty-two new trusts and one life income gift

were established totaling

$394,129.06and

Two new trusts established by

gift annuity or unitrust remainder,$10,072.01

Custodial accounts Twenty-one new

custodial accounts were

established, totaling $1,959,698.94

Focus on the Numbers

below. Feel free to include any supporting documentation you deem appropriate. Include the name of the organization requesting the grant and your contact information (your name, address, phone number and email address). Grants applications are accepted at any time.

Guidelines • In general, Foundation grants are not intended to provide

sustaining support or to fund the existing regular operational obligations of a church or agency. Rather, Foundation grants are primarily intended to help initiate programs, projects or activities – especially those that are innovative, new or acutely needed. Our priority is to fund activities in the conference that have the capacity of enriching many or all local churches’ ministries.

• We will avoid becoming the perpetual funder for any ongoing program or ministry.

• We target our resources primarily to United Methodist programs and ministries of the West Virginia Annual Conference.

• We want to be targeted and strategic in our grant-making, preferring to make fewer substantial commitments, rather than diluting our impact by spreading our resources thinly over many small requests.

• We conscientiously attempt to communicate with conference leadership to better understand the Conference’s needs and opportunities.

How will you reach out in ministry? •


To Serve

President’s Financial Report At the United Methodist Foundation of West Virginia, we take our fiduciary duty to properly protect and manage the assets of your Foundation very seriously. Presented below are the preliminary, unaudited results for the year ended December 31, 2015 (with comparative amounts for 2012, 2013, and 2014).

Financial Highlights

2012 2013 2014 2015

Total Investment Funds Market Value (millions) $ 60.30 $ 85.42 $ 88.75 $ 87.26

Total Market Value of All Assets (millions) $ 60.79 $ 85.47 $ 88.77 $ 87.28

New Gifts, Income Gifts, and Custodial Accounts and additions to all funds (millions) $ 3.22 $ 19.82 $ 3.77 $ 3.67

Total Administrative Expenses (millions) $ 0.51 $ 0.56 $ 0.54 $ 0.59

Number of:

Trust Funds 519 526 530 554

Custodial Accounts 340 349 366 369

Income Gifts 91 67 67 67

Total 950 942 963 990

Total Investment Funds - By Year

Amount Item - Description (millions) Percent1 - Trust Funds $ 50.36 57.72%2 - Income Gifts $ 3.41 3.90%3 - Custodial Accounts $ 33.49 38.38%

How our assets are designated at 12/31/15

Trusts57.65%

Income gifts3.91%

Custodial38.44%

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by Managing Funds for Ministry

Investment Managers

Investment Yields (net of all fees) for 2015 were: Total Return Fund A (Fixed Income) -1.66% Fund B1 (Conservative Balanced) -2.87% Fund B2 (Moderate Balanced) -2.53% Fund B3 (Aggressive Balanced) -3.49%

Performance of Funds

The Board of Trustees of the United Methodist Foundation has engaged the firm of Gibbons & Kawash, CPAs, to perform the annual audit of The Foundation’s books and records. The 2015 audit will occur in June of 2016. Copies may be obtained thereafter from The Foundation’s office. The audit is available in both paper and electronic format.

Foundation Offices:

Jeffrey A. Taylor, PresidentJudy Simms, Accounts Administrator Phone (304) 342-2113

William B. Goode, Treasurer Phone (304) 342-4989

Independent CPA Firm:

Gibbons & Kawash, CPAsValerie R. Ellis, CPA, Partner 707 Virginia Street, East Charleston, WV 25301 Phone: (304) 345-8400

Our Audit

Investment management services provided by Wespath Investment Mangement of Glenview, Illinois.


To Serve

Little Kanawha District Churches

Bethany UMC, Calvary UMC, Christ UMC-Parkersburg, Elizabeth UMC, Fairview UMC, First UMC-Parkersburg, First UMC-Ravenswood, First UMC-Williamstown, Logan Memorial UMC, Lubeck UMC, Parkview UMC,

Pennsboro UMC, Pisgah UMC, Pleasant Hill UMC, Rosemar UMC, St. Andrew’s UMC, St. John UMC-Vienna, St. John’s UMC-Spencer, St. Luke’s UMC, St. Marys UMC, St. Paul’s UMC, Sandyville UMC, Seventh Street UMC,

Smithville UMC, Stephenson Memorial UMC, Stout Memorial UMC, Trinity UMC, Wayside UMC

Midland South District Churches

Aldersgate UMC, Asbury UMC, Brown UMC, Bruce McDonald Memorial UMC, Buffalo UMC, Canaan UMC, Chelyan UMC, Christ UMC, Clendenin UMC, Coal Fork UMC, Cross Lanes UMC, Dunbar UMC, East Bank UMC,

Elizabeth Memorial UMC, First UMC-South Charleston, Forrest Burdette Memorial UMC, Mt. Juliet UMC, Mt. Tabor UMC, Madison UMC, Newton UMC, Riverview UMC, St. Andrew UMC, St. John UMC, St. Johns UMC,

St. Marks UMC, St. Paul UMC, Simpson Memorial UMC, Trinity UMC, Wade Chapel, Winfield UMC

MonValley District Churches

Barrackville UMC, Blueville UMC, Boothsville UMC, Central UMC, Cheat Lake UMC, Crim Memorial UMC, Enterprise UMC, Fetterman UMC, First UMC-Shinnston, Gateway UMC, Harner Chapel UMC, Highland Avenue UMC,

Janes’s Memorial UMC, Lambert’s Run UMC, Life UMC, Lumberport UMC, Masontown UMC, Nestorville UMC, Meadowdale UMC-H&H Chapel, Pruntytown UMC, Reedsville UMC, Spruce Street UMC, Suncrest UMC,

Taylor County Coopertive Parish, Tyrone UMC, Warren UMC, Wesley UMC-Fairview, Wesley UMC- Morgantown, Westover UMC, Woodland UMC

Northern District Churches

Christ UMC, Follansbee UMC, Franklin UMC, Glen Dale UMC, Graysville UM Cemetery Association, Hope UMC-Wheeling, New Martinsville UMC, Point Pleasant UMC, Short Creek UMC, Simpson UMC-Moundsville,

Simpson UMC-Wheeling, New Life Blended Ministries, Trinity UMC, Warwood UMC, Wellsburg UMC

Potomac Highlands District Churches

Baker’s Chapel UMC, Bass UMC, Bethel UMC, Calvary UMC, Central UMC, Corinth UMC, Duffey Memorial UMC, First UMC-Keyser, First UMC-Parsons, First UMC-Romney, First UMC-Terra Alta, Flanagan Hill UMC, Fout Memorial

UMC, Grace UMC, Jane’s UMC, Jennings UMC, Lahmansville UMC, Main Street UMC, McHenry UMC, North River Mills UMC, Paradise UMC, Preston Cooperative Parish, St. Paul’s UMC-Oakland, St. Pauls’ UMC-Ridgeley, Trinity UMC-Fort Ashby, Trinity UMC-Piedmont, Walnut St. UMC, Wardensville UMC, Wesley Chapel UMC, Wesley UMC-Kingwood

BeneficiariesGreenbrier District Churches

Arbovale UMC, Bascom UMC, Durbin UMC, Fenwick UMC, First UMC-Hinton, First UMC-Webster Springs, Forest Hill UMC, Gilgal UMC, Highland Park UMC, Jordan Chapel UMC, Lewisburg UMC, Memorial UMC,

Mt Hermon UMC, Mt. Zion UMC-Hico, Mt. Zion UMC-Nettie, Rainelle UMC, St. Luke UMC, St. Paul’s UMC, Union UMC


by Distributing Funds for Ministry

Southern District Churches

Bland Street UMC, Bluewell UMC, Brushfork UMC, Concord UMC, Fayetteville UMC, First UMC-Beckley, Gary UMC, John Stewart UMC, Mt. Hope UMC, Mt. Horeb UMC, Matheny UMC, Oak Hill UMC, Perry Memorial UMC, Pinnacle Cooperative Parish, Rebecca Chapel UMC, St. Mary’s UMC, Stinson UMC, Trinity UMC, UM Temple

Wesleyan District Churches

Beverly UMC, Bridgeport UMC, Broad Oaks UMC, Burnsville UMC, Chapel Hill UMC, Christ UMC, Copen UMC, Duff Street UMC, First UMC-Buckhannon, First UMC-Clarksburg, First UMC-Elkins,

First UMC-Gassaway, Hammond UMC, Heaston UMC, Indian Camp UMC, Lost Creek UMC, Mill Creek UMC, North Buckhannon Charge, North Elkins UM Charge, North View UMC, Otterbein UMC, St. Matthew UMC,

Salem UMC, Smith Chapel UMC, Stealey UMC, Trinity UMC, UM Temple, Vincent Memorial UMC, Wayside UMC, Woodford Memorial UMC

Western District Churches

Bachtel UMC, Beech Hill UMC, Bethesda UMC, Beverly Hills UMC, Central UMC, Community of Grace UMC, Cross Roads UMC, First UMC-Barboursville, First UMC-Huntington, Fourth Avenue UMC, Harmony UMC,

Heights UMC, Johnson Memorial UMC, Kenova UMC, Lavalette UMC, Matewan UMC, Mt. Union UMC-Huntington, New Haven UMC, Pea Ridge UMC, Steele Memorial UMC, Trinity UMC-Hamlin,

Trinity UMC-Point Pleasant, Wayne UMC, West Hamlin UMC

Other Ministries

Africa University, Asbury Theological Seminary, Duke Divinity School, Fayetteville Food Pantry, Four Square Bible College, Methodist Theological School of Ohio, Mountaineer Habit for Humanity, Mullens Area Public Library, North

Marion High School, Salvation Army, United Methodist Committee On Relief, UM Churches Outside of the West Virginia Conference, United Theological Seminary, Wyoming East High School, Wellspring of Greenbrier, Inc.,

Wesley Theological Seminary, WV Voluntary Organizations Active in Disaster

Beneficiaries

Conference Affiliated Agencies, District Offices, Institutions & Special Ministries

Board of Global Ministries, Board of Higher Education & Campus Ministry, Burlington UM Family Services, Inc., Commission on Archives & History, Commission on Conference Camps & Educational Center,

Community Development Outreach Ministries, Conference Board of Trustees, Conference UM Campus Ministries, Council on Finance & Administration, Covenant Council, Crossroads Camp, Ebenezer Community Outreach Center,

Episcopal Office, Ethnic Ministries, GWP Foundation, Inc., GlenWood Park, Greenbrier District, Health & Welfare Ministries, Heart and Hand House-Philippi, House of the Carpenter, Little Kanawha District,

Marshall University Campus Ministries, Midland South District, Ministers’ Wives/Mates Association of the WV Annual Conference, MonValley District, New Church Development, Northern District, Pension Funds, Inc.,

Potomac Highlands District, Radical Discipleship Academy of Appalachia, Scott’s Run Settlement House, Scouting Ministries, South Central District of the North Alabama Conference, Southern District, Spring Heights Education Center, The Grove, Tyrand Cooperative Ministries, Inc., WV Hunger,

United Methodist Foundation of West Virginia, Inc., UM Layman’s Foundation, UM Men of the Annual Conference, UM Women of Annual Conference, Upshur Cooperative Parish, Inc., Volunteers In Mission,

Wesley Foundation of Fairmont State, Wesleyan District, Western District, West Virginia Wesleyan College


To Serve

OfficersJeffrey A. Porter

Chairperson

Bishop Sandra Steiner BallHonorary Chairperson

Jeffrey A. TaylorPresident

David B. EllwoodVice-Chairperson

William B. GoodeTreasurer

Bishop Sandra L. Steiner BallAnne B. CharnockJames A. ChaneyMark B. ChernenkoEllis E. ConleyD. Lyn DotsonRonald D. EatonDavid B. EllwoodStephen FosterLauren A. GodwinWilliam B. GoodeKaren K. GraftonRussell R. HaynesJoseph B.A. HillJ. Franklin LongRebecca J. KeelingScarlett Kellerman

Joseph Kenaston*Suzanne KnightJames R. MalickMartha M. NepaBruce N. PetersenJeffrey A. PorterRichard H. SaleDeborah ShafferKen ShanesEdward A. SissonJeffrey A. TaylorRichard N. ToothmanEarnest WatkinsGeorge WebbVernon WebsterJeffrey C. Welschonce

*cabinet liaison

Trustees

Board of Trustees2015-2016


CommitteesAudit

Jeffrey Porter, Chairperson*Bill Goode

J. Frankin LongMartha Nepa

Church Relations

Edward A. Sisson, Chairperson*Anne B. Charnock

Karen GraftonRebecca J. KeelingMartha M. Nepa

Richard ToothmanEarnest Watkins

Personnel

David Ellwood, Chairperson*Anne B. Charnock

Ronald EatonWilliam GoodeJeffrey A. PorterJeffrey A. Taylor

Investment

J. Franklin Long, Chairperson*David B. EllwoodWilliam B. Goode

Joseph HillScarlett Kellerman

Suzanne KnightBruce N. PetersenJeffrey A. PorterVernon Webster

Jeffrey C. Welshonce

Leadership Development

James R. Malick, Chairperson*Marc Chernenko

D. Lyn DotsonRonald D. Eaton

Lauren A. GodwinKen Shanes

George Webb

Grants

Marc Chernenko, Chairperson*Officers of the Board

Ed SissonRonald Eaton

J. Franklin LongStephen Foster

Anne CharnockJ.F. Lacaria

Joseph Kenaston

Resource Development

Stephen Foster, Chairperson*James A. Chaney

Ellis ConleyRussell R. HaynesRichard H. SaleDeborah Shaffer

* Members of the Executive Committee.


To Serve

Foundation StaffJeff Taylor, PresidentJeff joined the Foundation in 2003 and has served as President since 2008. He is a graduate of West Virginia University (BS 1983, JD 1986). Jeff serves on the Board of Trustees of Methodist Theological School in Ohio, where he chairs the Development Policies Committee. He is Vice-president of Leave a Legacy Central Appalachia. Jeff is a member of the West Virginia State Bar. He is a past president of the National Association of United Methodist Foundations; a past president of the KYOWVA Planned Giving Council; a member of the Partnership for Philanthropic Planning; and a past president of the Cabell County Bar Association. Jeff is a deacon in The United Methodist Church and has served in a variety of capacities in the local church, district, conference and jurisdiction. Jeff is married to Mary Wright Taylor; they have two daughters, Erin Rose and Hanna Mitchell.

Kim Matthews, Associate DirectorKim joined The Foundation in 2008 as Associate Director. She received her Bachelor's of Science and her Master's of Science degrees from Marshall University in Huntington, West Virginia. Prior to joining the staff of the Foundation as Associate Director in 2008, she served for 20 years as Research Associate with Marshall University School of Medicine and its affiliates, co-authoring several peer-reviewed journal articles. Kim is a member of the National Association of United Methodist Foundations, the Partnership for Philanthropic Planning and the KYOWVA Planned Giving Council. Kim is a Certified Lay Minister as well as a Certified Lay Servant. Kim serves as Western District Lay Leader, and is active in her local church and the Annual Conference. She is married to Steve; they have two sons, Grant and Joshua.

Judy Simms, Accounts AdministratorJudy has served as our Accounts Administrator since June of 2015. She has more than 20 years experience in office management and accounting, including non-profit work. Judy has a Bachelor of Arts in Psychology and an Associate of Arts in Social Sciences from Ohio University, and Associates of Applied Science in Accounting and Business Administration.

Jaye Walker, Administrative AssistantJaye Walker has served as Administrative Assistant since August of 2015. Previous to joining the Foundation, she served as the Administrative Assistant for a local accounting firm and as the assistant manager of an apartment complex. Jaye has educational experience in the field of office administration.


Connect with The Foundation

United Methodist Foundation of West Virginia, Inc.P. O. Box 3811Charleston, WV 25338-3811

(304) 342-2113(800) 788-3746 ext. 45 (toll free)(304) 342-2632 (fax)

General Information [email protected] Taylor, President [email protected] Matthews, Associate Director [email protected] Simms, Accounts Administrator [email protected] Walker, Administrative Assistant [email protected]

The email address [email protected] is delivered to all four of us.

Visit our website at www.umfwv.orgConnect with us by Facebook at www.facebook.com/umfwv

The Foundation offices are located in St. Mark’s United Methodist Church in Charleston. The physical address of the office is: 900 Washington Street, East, Suite 203 Charleston, WV 25301

By Mail

By Phone

By Phone

On the Web

Visit our office

Consider the PossibilitiesUnited Methodist Foundation of West Virginia, Inc.

P.O. Box 3811Charleston, WV 25338-3811

304-342-2113 800-788-3746 ext. 45 (toll free) 304-342-2632 (fax)[email protected] www.umfwv.org www.facebook.com/umfwv

Photo Credits:Gratitude is expressed to the following:

Pages 11 and 12: Ignite Morgantown Ministry and Bishop's Scouting dinner,West Virginia Annual Conference Communications

Pages 18 and 19: Whitney Cherry, West Virginia Annual Conference Communications

United Methodist Foundation of West Virginia Inc.

P.O. Box 3811Charleston, West Virginia 25338- 3811

Non-Profit Org.U.S. Postage

PAIDPermit #2780

Chas., WV 25301

Documents

Annual Report 2015 - Foundationumfwv.org/sites/default/files/2015 Annual Report_Web.pdf · manage charitable donations on behalf of individuals and families and makes charitable distributions