state of the foundation 2013
DESCRIPTION
Hope Christian Community Foundation President Mike Harris gives his State of the Foundation report at the 2013 Celebrate Generosity in Memphis event.TRANSCRIPT
CHRISTIAN COMMUNITY FOUNDATION
The Hope Christian Community Foundation’spurpose is to serve Mid-South donors andministries to facilitate the building of God’skingdom in our community and throughout
the world.
Our mission is to encouragephilanthropy and increase giving.
Kirk Bailey, ChairmanRalph BradenNancy CoeBarry CoxBen ClarkFred DavisJohn DudasTom Dyer
Howard Eddings, Jr.Lee Gibson
Sarah HaizlipHamp Holcomb
Frank Jemison, Jr.John LaughlinLarry LloydBill Martin
Ashley MayfieldJimmy Sexton
Douglas SkipworthHarry SmithFloyd Tyler
C. Kemmons Wilson, Jr.Lauren Young
Brenda Brazley - Donor Relations
Michael Harris, CFA - President
Chris Hill - Development
Shana South, CPA - Chief Financial Officer
Hope was founded in 1998 andmanages 300+ donor advised funds
for individuals, families and companies
• Donor Advised Funds - we make giving easy, efficient and effective
• Ministry Research - we attempt to be “experts” on ministry efforts in Memphis
• Facilitate Giving - we match the passion and interests of donors with the action of ministries
• Work With Attorneys & Advisors - planned giving, financial planning and estate planning
PRIMARY SERVICES
• Unique Product - Benefits the charity of donor’s choosing rather than the issuing organization
• Receive guaranteed income for life higher than CD rates
• Receive one time substantial tax deduction• Significant portion of income is tax free
DONOR’S CHOICE GIFT ANNUITY
Facilitator for making a difference:• Expand financial resources to further God’s work
in the community and the world• Provide products (gift annuities) and services to
ministries and churches to expand and leverage resources
• Network with donors, ministries and churches
ACTIVE IN MEMPHIS
• Largest granting foundation in Memphis
• Grants of $30 million
• Grants made since founding $230+ million
• Largest Christian community foundation in the United States
• Assets of over $120 million
MILESTONES
All surplus administrative fees from donor advisedfunds are added to the Hope for Memphis fund
This fund makes grants to local ministriesmaking a difference in Memphis
$900,000 in grants over the past four years
ASSETS IN MILLIONS
25
50
75
100
125
312
7
2232
50
71 71
53
67
107 107
121
2001 2004 2007 2010 YTD 2013
$ Millions
CUMULATIVE GIVING THROUGH HOPE
60
120
180
240
8 1529 38 47 57
7392
125
156
191
213232
2001 2004 2007 2010 YTD 2013
$ Millions
GRANT RECIPIENTS BY CATEGORY
Youth14% Church
11%
Education39%
Family10%
International26%
More than 60% was given to Christianministries serving inner city Memphis
901.682.6201www.hopeccf.org
twitter.com/hopememphisfacebook.com/hopefound
4515 Poplar Avenue, Suite 324Memphis, TN 38117
VIDEO TESTIMONY
What stuck out to youmost about the video?
Have you ever considered living below yourmeans in order to give more generously?
What do you think contributed toRenee’s greater sense of freedom?
CHRISTIAN COMMUNITY FOUNDATION