San Diego County Hope United Methodist Church Foundation Status
(March 2009)
Purpose: Hope Foundation provides monetary support for the aid, promotion, and development of the religious purposes, functions, and programs of Hope United Methodist Church as follows:
· Outreach missions (both local and worldwide)
· Scholarships for United Methodist seminarians
· Emergency disaster relief for United Methodist churches
· Grants for start-up expenses for religious ministries
· Administration and use of:
o Gifts for purposes stated above
o Gifts for building and maintenance of plant and equipment
o Gifts of memorial funds
History: Hope Foundation began operation in August 1997 and is incorporated separately from Hope United Methodist Church.
Board Composition: Hope Foundation consists of nine directors who are members of Hope United Methodist Church. Directors serve three-year terms and are elected by the Hope Foundation Board. Terms run from July to June. Current board members (year term completed) are:
Chair of the Board: Chuck Ward (2010)
Vice Chair: Warren Millard (2010)
Secretary: Gordon Meyer (2011)
Treasurer: John Dunn (2010)
Members (2009): Paula Cobb, Gary DeYarman and Linda Kirk
Members (2011): Kevin Wall and one vacancy
Funds: Hope Foundation manages funds totaling about $270,000.
· Jones Maintenance Endowment Fund: Hope United Methodist Church transferred a portion of its Jones Memorial Fund to this fund for the express purpose of providing on-going monetary support back to Hope United Methodist Churchfor property maintenance. In 2008, provided $10,100.
· Mission Endowment Fund:Used to support aid, promotion and development of:
o Outreach missions: In 2008, provided $4,000 for youth summer mission, $500 to Russian orphanage and $500 to support Christian education.
o Scholarships for United Methodist seminarians: In 2008, provided $1,400.
o Emergency disaster relief: In 2008, provided $4,000 to support Hurricane Katrina victims.
o Grants for start-up expenses for religious ministries: Not used in 2008. In 2007, provided $6,000 for Stephen Ministrystart-up.
· Mary K. Long Scholarship Fund: The estate of Mary K. Long established this endowment in October 2000. Earnings from this endowment may be used to provide scholarships for post-secondary education. Grant recipients must be members of Hope United Methodist Churchand must be attending a college or university, a junior college or a trade school. Applications for the following year must be submitted by May 1. In 2008, provided seven $1,000 scholarships to Simone Boudreau, Jonathon Clark, Kate DeLap, Whitney Harger, Joshua Robinson, Brian Rudloff, and Emily Skarupa.
· Unrestricted Fund: Collects gifts received by the Foundation that have no restrictions placed on them by donors. Used to fund unexpected or unusual financial needs of Hope United Methodist Churchbased on request by the Administrative Board. Foundation may move excess funds from this fund to other funds. In 2008, provided $2,500 to support nursery playground.
· Operations Fund: Used to support current operations of the Foundation. Not used in 2008.
How can you help?
· Prayerfully consider serving on the Foundation Board.
Prayerfully consider donating to the Foundation on a one-time or continuing basis. All gifts are tax deductible. Gifts may come in many forms, including outright gifts, deferred gifts (from donor estate and/or special trust arrangements) and restricted gifts. See a Foundation Board member to discuss gifts other than cash. 
