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2018 Annual Report (PDF) Mustard Seed Foundation 2018 Annual Report Who We Are The Mustard Seed Foundation is a Christian family foundation established in 1983 under the leadership of Dennis W. Bakke and Eileen Harvey Bakke. The Foundation was created as an expression of the Bakke’s desire to be faithful stewards of the financial resources entrusted to them, to bring together the members of their extended families into common ministry, and to advance the Kingdom of God. The Foundation provides grants primarily to churches worldwide that are undertaking new ministry projects including outreach, discipleship, and economic empowerment. The Foundation also awards scholarships to Christians pursuing advanced educational degrees in preparation for leadership roles in society. The Foundation affirms the Lausanne Covenant as its missional commitment to the world. All directors and staff of the Mustard Seed Foundation are committed followers of Jesus Christ. Board of Directors Junior Board Dennis Bakke Britton Bakke Contents Co-Chair/Treasurer Julius Bakke, Chair Board of Directors 1 Eileen Bakke Rahel Bakke Junior Board 1 Co-Chair Josh Harvey Staff 1 Elizabeth Bakke 2018 Overview 2 Eric Bakke 2018 Financials 3 Margaret Bakke Annual Giving 4 Ray Bakke Grants Overview 5 Laura Harvey Africa 6 W. Brantley Harvey Americas 8 Warren Harvey Asia 13 Lightsey Jett Europe 15 Marilyn Pearson Middle East 18 Daniel Thompson Harvey Fellows 20 Dargan Thompson Theology of Work 21 Margaret Thompson Staff Brian Bakke Eric Hornberger Regional Director for the Americas Executive Director Scott Bakke Lonni Jackson Director of IT and Finance Executive Director Nancy Gray Director of Administration Copyright © 2019 Mustard Seed Foundation. All Rights Reserved | 1 Mustard Seed Foundation 2018 Overview Dear Friends, growing team of TOW teachers have increased their efforts to offer curricula and materials via the TOW website, to Once again, we take time to reflect on the work of the identify colleges and seminaries that want to teach TOW as Mustard Seed Foundation during the past year and to a core part of their curriculum, and to identify and train new report to our grantees and other stakeholders. Each year TOW teachers to facilitate the program even more broadly in we try to give a public accounting for our stewardship of the the future. It is gratifying to witness how transformative an Foundation’s resources, in order to remain transparent and understanding of God’s view of our work can be in a variety accountable as a Christ-centered organization. We continue of cultures. to be thankful for God’s abundant mercy and faithfulness to the Mustard Seed Foundation year after year. Over the 35 years of Mustard Seed’s existence, we have relied largely on the talent, wisdom and dedication of three The Foundation’s annual budget and giving priorities have generations of family members to guide MSF. We want to been fairly consistent over the past few years. In 2018, highlight two family members with gratitude in this letter. our total annual operations were just over $2.6 million, Brantley Harvey, Eileen’s father, went home to heaven in with nearly $2 million granted in our three giving areas: December at the age of 88. Brantley helped incorporate church-based granting, the Harvey Fellows Program, and the MSF in 1983 and served on the Board since its inception. He Theology of Work grants program. We awarded 218 grants to contributed constant good will, fiscal realism, and abounding churches and other ministries in 59 countries worldwide, with faith throughout his tenure on the Board. We all miss his our average grant size remaining $6,100. Our seasoned staff gentlemanly voice, his warm smile, and his twinkling blue members continue to travel to visit prior and prospective eyes. Scott Bakke, who came to work at the Foundation in grantees, often conducting workshops for leaders from small early 1999, left employment at MSF at the end of 2018. Scott, churches to help them learn how to write a grant proposal. who kept our technology and data base operational, was also We are encouraged by increased levels of granting in the in many ways the Foundation’s historian. Thank you, Scott, Middle East, India and Western Europe. We also continue to for 20 years of service. identify strong ministries in Central and South America. We also want to thank Daniel Thompson for five years of In 2018 we supported 38 Christian graduate students service as he rotates off the Board. Daniel participated through the Harvey Fellows Program, providing $356,000 vigorously in reading Harvey Fellows applications and in the in fellowship stipends. We selected nine new Fellows in selection process. We welcome Laura Harvey onto the Board February, who will receive a $16,000 stipend each year for to fill this five-year position. one, two or three years depending on the amount of time remaining in their program of study. In June we hosted our The longer we walk with Jesus Christ, in many respects the biannual Summer Institute, ably led by Jerry and Jeannie simpler it becomes. We are commanded to love the Lord Herbert and alumni Fellows Olivia Mather and Caleb with all our heart, mind, soul, and strength, and to love our Spencer. The Summer Institute is a key component of the HF neighbors as ourselves. This command encompasses a whole experience, allowing Fellows to form lasting relationships world of faith, prayer, priorities, and action. Please pray for us with others and to explore more fully the integration of faith as we attempt, by God’s grace, to live this out in our work and into their studies, vocations, and lives. relationships. We also pray this will be true for you. The 2018 Theology of Work grants, totaling $202,000 were Eileen & Dennis Bakke made to support 25 Theology of Work courses worldwide. Lowell Bakke, who administers the grant program, and a Copyright © 2019 Mustard Seed Foundation. All Rights Reserved | 2 Mustard Seed Foundation Financials The Foundation’s expenditures totaled over $2.6 million in area of the Foundation, as it has been since the Foundation’s 2018. 74 percent of these funds were given through 218 inception. The remainder of the Foundation’s giving was grants to churches and 38 scholarships to individuals. channeled through the Harvey Fellowship, the Theology of Work grant program and matching gifts. Providing grants for small startup projects of churches in major urban centers worldwide remains the primary giving 2018 Expenditures 2018 Balance Sheet For the year ending December 31, 2018 Funds Available Disbursements Beginning of Year Net Assets/Surplus $ 232,440 Grants $1,331,947 Income $2,809,675 Scholarships $410,047 Other Giving $201,640 Total Available Funds $3,042,115 Administration $668,299 Total Disbursements $2,611,933 End of Year Net Assets/Surplus* $430,182 *Includes grant returned from prior year Copyright © 2019 Mustard Seed Foundation. All Rights Reserved | 3 Mustard Seed Foundation ‘18 ‘17 ‘16 Annual Giving ‘15 ‘14 ‘13 ‘12 ‘11 ‘10 ‘09 ‘08 ‘07 ‘06 ‘05 ‘04 ‘03 ‘02 ‘01 ‘00 ‘99 ‘98 ‘97 ‘96 ‘95 ‘94 ‘93 Grants ‘92 ‘91 Scholarships ‘90 ‘89 Other ‘88 ‘87 ‘86 ‘85 ‘84 $0 $2m $4m $6m $8m Copyright © 2019 Mustard Seed Foundation. All Rights Reserved | 4 Mustard Seed Foundation Grants Overview In 2018 we awarded $1,331,947 in grants matched by local churches to help establish 218 new innovative, grass-roots T.A. Bakke Award ministries mostly in the largest urban centers of the world. Each year the Mustard Seed Foundation designates one As our name implies, the Mustard Seed Foundation grant award as a special tribute to the life of one of our provides seed funding for small startup projects primarily founding board members. Tollef A. Bakke was a second to churches around the world. We seek to partner with generation Norwegian immigrant who lived and worked in local congregations that identify, equip, and support their the Pacific Northwest and Colorado. He also participated in a members who are called to specific areas of ministry in trip to the Holy Land that profoundly influenced his faith. the Church and society. We look for initiatives that offer innovative approaches to church-based ministries. We recognize the grant award to Al Marg Al Sharkia Evangelical Church in Cairo, Egypt as our 2018 T.A. Bakke Mustard Seed seeks to help launch projects through its grants Award. This was a $3,600 grant to establish a preschool as a minority partner, providing funds over a limited time outreach ministry in the Al Marg community. period, and in a way that encourages self-sufficiency and reliance on indigenous church support. We consider local church accountability and financial support to be primary indicators of the priority and integrity of a particular project Savina Tong Award and key to its long-term sustainability. All of the funds given as grants are matched by funds from local churches Savina Tong represented the Foundation for eight years to connected to the projects. encourage the work of local churches in East Asia. Savina The Foundation recognizes the unique challenges and helped the Foundation to connect with the fast-growing opportunities faced by urban churches. As the world rapidly church of mainland China as well as in the more open urbanizes, we believe that investing in churches located locations of Hong Kong and Taiwan. Since her passing in in large cities to be particularly strategic. The Foundation 2010, the Foundation has selected a grant award each year awards most grants in the largest urban centers of the world. as a tribute to her life and ministry among us. Mustard Seed awards grants to a wide variety of projects. We recognize the grant award to The Gospel Center in Osaka, We typically fund initiatives that share the gospel with Japan as our 2018 Savina Tong Award.
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