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Foundation Development Plan
In February, 2002, an appointed committee developed a growth plan for the Foundation -- a plan with the ultimate goal of increasing the Foundation’s assets so that those ministries and activities of the church which fall outside the scope of the operating budget can be supported in perpetuity.
In December, 2002, the Committee presented its report and recommendations to the Foundation Board, which approved the plan and is charged with its implementation.
The plan includes six recommendations:
  1. Establish a priority order for soliciting gifts to the Foundation.
  2. Create a new, broader gift structure to include guidelines for the establishment of named funds and setting up a general fund in each category to receive gifts that aren’t designated for named funds.
  3. Adopt policies regarding the naming of funds, acceptance of gifts, confidentiality, classification of funds and administrative issues.
  4. Create an annual operating budget.
  5. Begin planning for additional staffing and more comprehensive management practices.
  6. Request that the next capital campaign include funds for Foundation endowment and support.
Plan Priorities
Under the adopted plan, the Foundation’s highest funding priority is for maintenance and the ongoing and necessary upkeep of the church campus. Many existing buildings, now more then 20 old, need repairs to prevent further deterioration.
The second priority centers on technology. In this highly technological age, the maintenance and upgrading of the multimedia equipment in Asbury Hall, campus telecommunications, cabling systems and broadcast equipment are vital to daily operations as well as to effective ministry.
Further priorities are outreach and mission programs, education, and worship and music programs, each of which has unique needs that fall outside the operating budget restrictions of the church.
General Funds
Within each priority area for the Foundation, the Development Committee recommended a general fund to receive smaller gifts and memorials, and the names of these general funds would reflect their purpose.
  • The Stewards Fund - Maintenance and Repairs
  • The Communicators Fund - Technology
  • The Sharers Fund - Outreach and Mission
  • The Seekers Fund - Education
  • The Believers Fund - Worship and Music
  • The Faithful Fund - Bequests and Planned Gifts
Copyright 2001-2008 Lovers Lane UMC, Dallas, Texas. All rights reserved.
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