Our guiding principles: Wise financial policies
They are integral in the structure of the Foundation
and consider all generations
For the Lord is good; his constant love lasts forever,
and his fidelity to all generations.
-Psalam 100: 5-
On September 30, 2021, your Foundation marked 57th anniversary. The first Methodist church of the Fort Worth Foundation, Inc., is a dedicated and ongoing source of financial support for FUMC. With wise financial policy as one of our guiding principles, the return on endowment investment helps our Church become one of the leading churches in methodology today, focusing not only on current stability but also on a financially sound future.
The foundation consists of 24 funds invested as a whole. Each year, a portion of the proceeds from these investments is distributed to the Church to use as it sees fit: to support the Church’s operating budget, to maintain and repair church buildings, and many wonderful programs and services. Distributions are a critical source of funding. In fact, since 1964, the Church has received more than $ 64 million from the Foundation’s investment.
One of the common misconceptions is that foundations, including our Foundation, exist to provide funding for everything that is needed, as long as funding is available. The distribution of the foundation, called “Foundation Spending,” is limited by the fact that donations must be maintained forever and in accordance with the wishes of our donors. This attribute, a lasting aspect of donations, is actually the beauty of the structure of any foundation. Gifts to the First Methodist Church from the Fort Worth Foundation aim to benefit present and future generations of our Church. As a result, the Foundation is required to preserve the purchasing power of these gifts by spending only the income from the gifts. Spending more than that over time would benefit the present in the future in a way that is not in line with the Foundation’s primary purpose of preserving intergenerational equality.
Inflation over time impairs the value of the Foundation’s assets. To keep pace with inflation, the double qualities of prudent investment policy and conservative spending rates are paramount to sound financial management.
In order to meet the requirements of a prosperous and growing Church, the Foundation must also continue to grow, so that there are funds in proportion to the size of the Church’s needs.
Meet the newest member of the Foundation
Lindsay Geiser joined the Foundation staff as an executive associate on October 5thth after serving more than five years in the business office of the University Christian Church in Fort Worth. Lindsay graduated with a sum cum laude from Oral Roberts University, holds a bachelor’s degree in art from ministry and leadership and has more than 13 years of accounting and administrative experience.
Lindsay and her husband Richard have been married for 19 years and are proud parents of three sons, James, Nicholas and Thomas. Lindsay enjoys traveling and touring with her husband on motorcycle trips with their Christian group, Light carriages. He is also a big fan of Disney and Star Wars.
Both Lindsay and I welcome the opportunity to meet you! Send us an email at [email protected] or [email protected] You can also call the Foundation’s offices at 817.336.5698 with questions or schedule a visit at any time.
Executive Director of First Methodist Church Foundation, Inc.