2018 Annual Report United Methodist Foundation of , Inc.

Creating a Culture of Generosity For everything there is a season, and a time for every matter under heaven.

Ecclesiastes 3:1 3 Contents

1 President’s Review 2 New Endowments 3 What will be your legacy? 4 Investing Reserves 5 5 New Custodial Accounts 6 Memorial Gifts 7 Honorary Gifts 8 Individual Donors 11 Institutional Donors and Depositors 13 Estates 13 Focus on the Numbers 17 14 President's Financial Report 16 Foundation Grants 17 Culture of Generosity 18 Foundation Beneficiaries 22 Board of Trustees 23 In Memorium 24 Foundation Staff 22 25 Connect Our mission is to create a culture of generosity that transforms the world by raising, managing, and distributing funds that serve the needs of all people and communities. President’s Message

The 2018 Annual Report is intended to provide you, our donors and constituents, some of the details of how we fulfilled our mission, which is to create a culture of generosity that transforms the world by raising, managing, and distributing funds that serve the needs of all people and communities.

Creating a Culture of Generosity: In addition to providing educational workshops on planned giving and stewardship in various district training events around the Annual Conference, we provided two excellent opportunities for clergy and laity from our Conference to participate in stewardship education with some of the best available presenters. See Page 17 for details about the 2nd Annual Lakeside Chautauqua Stewardship and Generosity Conference held this past August, and the 1st Foundation Academy of Faith and Generosity held in September at Stonewall Resort. We are committed to continuing to provide leadership development events such as these.

Raising Funds: The total gifts and deposits in 2018 amounted to nearly $4.63 Million. The gifts were made to new and existing permanent funds that provide perpetual resources for ministry. The deposits were made to new and existing custodial accounts—long-term investment accounts placed for investment services with The Foundation by churches and agencies of the Conference. These funds grow over time through the investment process, and the total amount is available for withdrawal at any time, with no maturity dates and no penalties for withdrawal.

Managing Funds: While our funds experienced investment growth during the first three quarters of 2018, those gains were given up during the last quarter and we finished in the negative. We have to remember that our focus as investors is very long term; we do not try to outguess the markets in the short term. We do everything possible to make sure we are being good stewards of the assets our donors and clients have entrusted to us. We have an experienced and capable Investments Committee overseeing these activities, and we engage highly qualified experts in Wespath Investment Management to guide our investment decisions. See Page 14 for the 2018 investment returns for all our funds, as well as the historical averages.

Distributing Funds: Our purpose is realized when we distribute funds to expand and enhance United Methodist ministry in the name of Jesus Christ throughout the West Virginia Annual Conference and beyond. Over $4.3 Million was distributed in 2018. In addition to the thousands paid to beneficiaries of unitrusts and charitable gift annuities and the millions to churches, ministries, and other beneficiaries of endowment trusts and custodial accounts, we gave away some of our own money through our Foundation Grants program. See Page 16 for a review of our grant awards for 2018.

We are grateful for the generosity of United Methodists who, over 44 years of ministry, have enabled us to respond to these needs. As you read through this Annual Report, we hope you will consider the possibilities of ways The Foundation can help you or your particular church or ministry. • Annual Report 2018 ● Page 1 New Endowments

Barbara Blackstone University of Charleston Campus Ministry Account – to provide a resource for Campus Ministry at the University of Charleston through St. Marks United Methodist Church

Charles E. and Betty C. Rogers Memorial Trust for St. Marks United Methodist Church

Crossroads Camp Campership Trust – to provide camperships for children and youth to attend Crossroads Camp in the Little Kanawha district

David and Mary Lou Ohl Memorial Trust – to benefit the Jeffrey Ohl Scholarship of Johnson Memorial United Methodist Church, Huntington.

Donald and Dorothy Finn Maintenance Endowment Fund – to benefit St. Andrew’s United Methodist Church in St. Albans

Donald and Dorothy Finn Mission Endowment Fund -- to benefit St. Andrew’s United Methodist Church in St. Albans

Education and Mission Trust

Endowment for Religious and Spiritual Life at West Virginia Wesleyan College

Gerald Scott and Lessie H. Runner Charitable Endowment

Jane Ellen Brown Memorial Prayerspitality Trust – to support ministries of prayer and hospitality through St. Marks United Methodist Church

Jeffrey A. and Sharon L. Porter Donor Advised Fund

John L. and Mary C. Lipphardt Endowment for Christ United Methodist Church, Wheeling.

Pauline Goudy Waters and Marlen Wiles Waters World Hunger Endowment Fund

Rev. Dr. Basil A. and Janis Irene Hensley Memorial Seminary Scholarship Trust Page 2 ● United Methodist Foundation of West Virgina, Inc. What will be your legacy? Jane Ellen Brown died June 11, 2018, just weeks before her husband, Rev’d J. Montgomery Brown (Monty), was to retire from St. Marks United Methodist Church in Charleston.

Monty wanted to honor Jane’s memory and exemplify her spiritual gifts. After reflecting on Jane’s legacy, Monty made a gift to the United Methodist Foundation to establish the Jane Ellen Brown Memorial Prayerspitality Trust, where prayerspitality is a portmanteau created by Monty to exemplify Jane’s spiritual gifts: prayer and hospitality.

Monty envisions that the Jane Ellen Brown Memorial Prayerspitality Trust will provide funds for an annual award for an art, speech, or composition that uplifts the importance of the marriage of the two Judeo-Christian virtues of Prayer and Hospitality that were so important to Jane. Jane had retired after serving 38 years as a public school teacher, with two master’s degrees from Marshall and WVU. Monty thought such a competition would be the fitting way to honor Jane’s love for teaching and her deep spirituality.

Monty planted the seed for the Prayerspitality Trust with his initial generous gift; then he began cultivating new gifts by encouraging family and friends to participate with him in honoring Jane’s memory. For Monty’s birthday, he told family that instead of a material gift for himself, consider making a gift to the Prayerspitality Trust. For Monty’s birthday on January 19 of this year, Monty used Facebook fundraising to encourage friends to add nearly $4,000 to the Prayerspitality Trust. Sadly, the day after Monty’s birthday, his mother, Betsy, died at the age of 92. The family requested that memorial gifts be made to the Prayerspitality Trust.

Monty knows that Jane lives; that is their faith and trust. The Prayerspitality Trust will provide tangible evidence of Jane’s continuing positive influence on the lives of others through prayer and hospitality. •

Annual Report 2018 ● Page 3 Where does your church invest its reserves?

Often, local churches place their investible funds in a savings account or certificate of deposit. They take comfort in the idea that their fund is protected by FDIC from ever losing a dime in value. What they give up by avoiding risk, however, is the opportunity for a much better rate of return, especially in the long run.

Many churches find that a custodial account with the United Methodist Foundation is a good alternative to a CD or savings account. While a CD offers a guaranteed interest rate, the rates are generally low. Moreover, the principal is committed for the term of the CD. If the church needed to make a withdrawal, it would incur a penalty.

In contrast, with a custodial account at the United Methodist Foundation, the total market value of the account is available at any time. There is no maturity date; there are no transaction fees; there are no penalties.

Moreover, the Foundation practices sustainable investing. Churches who take advantage of our investment funds can take comfort in the knowledge that their money will not be invested in enterprises that are contrary to their Christian principles, such as alcohol, tobacco, weapons, gambling, pornography, and private prisons. The Foundation will make a conscientious effort to invest, instead, in companies that have a commitment to the environment, social values, and good corporate governance.

The Foundation offers reasonable investment returns with low fees. Consider learning more about how we can assist your church. •

Page 4 ● United Methodist Foundation of West Virgina, Inc. New Custodial Accounts

Aaron Miller Memorial Fund – to benefit Cross Roads United Methodist Church, Huntington

Bailey Memorial United Methodist Church General Reserve Account

Barrackville United Methodist Church Growth Fund

Barrackville United Methodist Church Memorial Fund

Bellemead United Methodist Church Maintenance Account

Calvary United Methodist Church (Moundsville) Cemetery Reserve Account Limestone United Methodist Church Calvary United Methodist Church (Moundsville) Parsonage Account Limestone United Methodist Church Rainy Day Account Deer Park United Methodist Church Custodial Account Marvel Parish Account – to benefit First United Methodist Church, Keyser First United Methodist Church (Romney) Rainy Day Account Orlena United Methodist Church Building Fund Account First United Methodist Church (Romney) Trustees’ Reserve Account Smoot Charge Custodial Account

First United Methodist Church (Terra Alta) Walkersville Charge Parsonage Account Reserve Account Wayside United Methodist Church Building Gates Ridge United Methodist Church Repair and Maintenance Account Parsonage Account Wesley United Methodist Church (Fairview) Limestone United Methodist Church Capital Custodial Account Improvement Account Zora Townsend Fund – to benefit First United Methodist Church, Williamstown

Annual Report 2018 ● Page 5 Memorial Gifts

John C. Arter Doris Dixon Henry Martin Ada Kathryn Arter Joan Dodd Anna Northrup Marilee V. Backus Rev. Gerald E. Dotson Clarence Northrup Rev. Dallas B. Bailey, Jr. Jo Dowler David Wise Ohl Paul Barnhart Dot Dubois Jeffrey C. Ohl Rev. Lander L. Beal Ina Farley Rev. John D. Painter W. Frances Beard Clyde Farley Donald Patterson Ellen E. Belcher Jeannette Fast Russel H. Peters Rev. Helen Davis Bell Rev. Jennings Fast Maxine Shay Peters Marlene Bickerton Hollis Eugene Gardner Rebecca Phillips Rev. Gregory Lee Blair Rev. Richard S. Gibson James F. Ray Charles Bowen Blanche M. Godwin Rev. Douglas N. Shepherd Gertrude Bradley Rev. Charles A. Godwin JoAnn Shepherd Rev. Ronald R. Brooks Rev. Charles Godwin, Jr. Rebecca LaDosca Sink Jane Brown Rev. Harry I. Gommoll Sam Sink Virginia Butler Frances B. Gommoll Rev. Dr. Samuel B. Sink Rev. Thomas W. Clark Will Gordon C. R. Bob Skiles Michele Clark David C. Hardesty James Skiles, Sr. Rev. George D. Clay Margie J. Hardesty Deloris J. Skiles Alphon E. Conner Mary Haynie Roy Skiles Rev. Phyllis Coston Wayne Haynie Ruby Skiles Lyda Dawson Janis Hensley Grace Skiles Freda Dawson Marilyn Holleron Glenna R. Skiles Percy Dawson Thomas Holleron B. E. Billie Skiles Joe Day Phyllis A. Holtzworth Mary Lane Smallridge Clara Belle Denning Margaret Horton Joyce E. Spencer Elva Humphreys Rev. Perry L. Stewart Edwin Humphreys Jean Strong Rev. David E. Jasper Floyd H Taylor, Jr. Pauline Laughlin Jones Geraldine Taylor J. Grant Kaufman Dick Thomas Clyta M. Kaufman Betsy Thomas Rev. William G. Kniceley Nancy Lee Thompson Mary C. Lipphardt United Methodist Foundation of John W. Lipphardt, Sr. West Virginia Trustees and Staff Thelma Lyght Benjamin Vincent Robert Lyons Pauline Waters Rev. Emma Maglicyang Phyllis Jean Hillman Wickline Rev. Roberto Maglicyang Fountie Williams Agnes Martin Leanna Wright Ben Vincent, former Board Treasurer Dr. Richard L. Wright

Page 6 ● United Methodist Foundation of West Virgina, Inc. Honorary Gifts

Yasmin Almond Rev. Dr. Joon-Sik Park Roncevert Almond Harriet G. Peters Dr. Araceli Ganon Almond Rev. David R. Peters Dr. Greenbrier Almond Sheila Peters Susannah Carpenter Joseph N. Peters Rev. Deborah Coble Rev. Dr. Jay Rundell Rev. Dr. Mark Conner Jo Ella Nuckols Sink Rev. Teresa M. Deane Dr. Jack M. Sink Chester C. Dodd, Jr. Arthur L. Skiles Judie Gommoll Rev. Roger L. Smith David Gommoll Marilyn Smith Rev. Dr. Basil A. Hensley Bishop Sandra Steiner Ball Rev. Dr. Patricia A. Jarvis Rev. Dr. Barry Steiner Ball Karen Kessick Rev. Jeffrey A. Taylor Thomas E. Kuhn, Jr. Rev. Bart R. Thompson Melinda Kuhn United Methodist Foundation of West Virginia Rev. Sara Facemyer Lamb former staff Lebanon Presbyterian Church United Methodist Foundation of West Virginia Rev. John W. Lipphardt current and former Trustees Kimberly A. Matthews Jaye Walker Zelia Morris Marlen Waters Rev. Gary E. Nelson Virginia Williams

Annual Report 2018 ● Page 7 Individual Donors

Drs. Greenbrier Almond and Rev. Rodney and Patty Blanchard Michael and Linda Davis Araceli Ganon Almond Joyce Board Reva Davis Maria Almond Howard Boggs Karen Dempsey Arthur and Nancy Altman Rev. Dick and Faith Bowyer Dr. David and Sharon Denning Drs. Pedro Ambrosio and Bill and Faith Bragg Bill and Donna Dingus Erlinda Corpuz-Ambrosio Edna Brooks Steven and Patricia Dodd Scott and Maribeth Anderson Rev. Monty Brown Jeffrey and Stephanie Dodd Janine Arnold Jennings and Brenda Browning Lyn and Susan Dotson Tom and Patricia Austin Rev. L. Norman Butler Roy and Phyllis Drake Carolyn Axley Jane Duffy Neil and Rachel Capper J. M. and Kathryn B. Duffy Vicki Baker Jonathan and Susannah Carpenter Rev. Thomas and Betty Dunlap David and Cynthia Barnette Rev. Sharon and Robert Carr Cynthia Beal Martha Casey Dr. Jack and Judy Eblin Paula Beard Jim and Beverly Chaney Jeanne Elam Dr. Keith Beard Rebecca Chase Richard and Evelyn Elliott Rev. Clyde and Alma Beard Rev. Dr. D. Keith and Kay Clarke Rev. Suzanne and Bill Ellis Rev. Martin and Sandra Berisford Rev. Robert and Adele Cole Rev. Charles Ellwood Rod Blackstone Rebecca Coleman Rev. Dr. Harold and Sylvia Elmore Kathy Blair Ruby Coppinger Rev. Dr. Dan and Betty Farley Rev. Leo and Barbara Farley Anita Farrell Judith Fasold George and Nancy Fenton Dorothy Finn Stephen Fischer Jeffrey Fisher John and Diana Fleek Rev. Brynda Fleming Linda Fluharty Melanie Freeman

Bella Ganan Joan Gardner Ashley Gerken Rev. Gregory and Lisa Ann Godwin Michael and Lana Golden Blessing of a home for flood recovery David and Idress Gooden

Page 8 ● United Methodist Foundation of West Virgina, Inc. Individual Donors

Anessa Griffith Bishop William B. and Mary Lou Groves Charles and Patricia Gruber

Robert and Beverly Haden Darlene Haer Aly Hakam John and Kathleen Hardesty David and Susan Hardesty Ina Jean Hardesty Thomas Hardman Patrick and Melissa Haye Rev. Dr. Gregory and Diane Hayes Timothy and Misty Heitz Rev. Dr. Basil Hensley Sharon Holt Gladys Huffman Paul and Thelda Hughes Dr. James and Polly Hughes Richard Loeser and John Mendez Andy and Kathleen Jackson Cathie Heck-Loeser Rev. Louis and Donna Gail Michel Rev. Dr. Patricia Jarvis J. Franklin and Vernon C. Long William and Colleen Miller Douglas and Ellen Johnson Rev. Michael and Stephanie Ludle Craig Miller Larry and Rachel Johnson Marilyn Lynch Philip Moore William Johnston Andrew and Sandra Lytle Dr. Grant Morris and J. Brooks and Josette Jones Dr. Alison Spiker Rev. Dr. Bonnie MacDonald William and Marilyn Murdock Emory and Janet Kemp Rev. John and Maycle Mason William and Sarah Murphy Todd and Joyce Kimpel Steven and Kimberly Matthews Michael and Corinne Muth Donald and Carole Kniceley Vivian Maynard Lee Myers Ruth Ann Kniceley Rev. Ronald and Margaret McCauley William R. and Barbara Nestor Faye Lesher Jim McClung Revs. Jonathan and Caroline Nettles Christopher Lewis Michael and Pamela McCown William and Connie Nicholson Linda A. Lilly Pamela McGee Roger Nicholson Rev. Jack and Nancy Lipphardt Grant McGuire and William and Connie Nicholson Erich Lipphardt Kheng Yap-McGuire Beryl and Shirley Lockhart Gary and Connie McNair Rev. Helen Oates

Annual Report 2018 ● Page 9 Individual Donors

Alice Parrish Rich and Deborah Shaffer Jack and Joyce Townsend Tara Perine Rev. Amy and Craig Shanholtzer Edwin B. Van Lynn Shannon Pesackis Rev. Melissa Shortridge Rev. David R. and Harriet Peters Dr. Jack and Jo Ella Sink Mary Alice Vigneault Joseph and Sheila Peters Dr. R. Merritt and Anne Sink Scott and Carole Peters Pat Sink Mary Walker Rev. Morgan and Rebecca Peterson Bob and Jane Skinner Rodney and Sherry Wallbrown Jeffrey A. and Sharon L. Porter Suzanne H. Skidmore Rev. Dr. Dale and Marlen Waters Rev. Dr. Kenneth and Judy Pyles Bishop Sandra and David and Donna Waters Rev. Dr. Barry Steiner Ball Jared Waters William and Gail Revels Gregory and Lori Stepp Rev. George and Darene Webb Rev. Chuck and Alice Riecks Thomas Stout Jeff and Deborah Welshonce Jack and Ann Riggs Janell Stout Gary and Nancy West Michael Riley Susan Stumpp Rev. Nancy and RoyWhite Ronald and Carol Rogers Sam Styers Rev. BillyReed Wickline Lessie Runner Andrew Sulgit Curtis and Kristi Wilkerson Alex Russell Rev. Clare Sulgit Rev. G. Alan and Michelle Williams Thomas Russell Ralph and Sandra Summers James Willis George Russell Janice Swecker Laraine Wilson John and Melanie Wilson David and Jennifer Sanders Rev. Jeff and Mary Taylor Scott and Patricia Wilson Marvin and Lynda Sands Douglas and Kimberly Tennant Tom and Susan Woods Rev. Clifford and Mary Ann Schell Scott and Joan Tharp Sue D. Woods David and Eva Scranage Dr. Joel Thierstein Wayne and Patricia Wriston Charles and Judy See Robert Thompson William and Rebecca See Richard and Judy Toothman Rev. Etheldean Yanero Barbara Seti

Page 10 ● United Methodist Foundation of West Virgina, Inc. Institutional Donors and Depositors

Amazon Smile Ayco Charitable Foundation

Bailey Memorial United Methodist Church, Rosemont Barker Family Trust Barrackville United Methodist Church Beckley Area Foundation, Inc. Beverly Hills United Methodist Church, Huntington Big Tygart United Methodist Church

Calvary United Methodist Church, Moundsville Christ Church United Methodist, Charleston Concord United Methodist Church, Athens Cross Lanes United Methodist Church Cross Roads United Methodist Church, Huntington CTAP-FBI

Deer Park United Methodist Church

Earnest Carl Dawson Trust Ebenezer Community Outreach Center Edgewood Summit Capon Bridge United Methodist Church Eldora United Methodist Church Elizabeth Memorial United Methodist Church Epworth United Methodist Church, Ripley Gates Ridge United Methodist Church Epworth United Methodist Church Strugglers Gilbert Earl Harvey Irrevocable Trust Sunday School class Go Mart, Inc.

Fairview United Methodist Church, Washington Heart and Hand Outreach Ministries, Inc. Faith United Methodist Church, Terra Alta House of the Carpenter, Inc. Fayetteville United Methodist Church First United Methodist Church, Clarksburg James “Pete” Nelson Vawter Trust First United Methodist Church, Huntington Jemco, Inc. First United Methodist Church, Keyser Johnson Memorial United Methodist Church, First United Methodist Church, Romney Huntington First United Methodist Church, Terra Alta Jordan Chapel United Methodist Women First United Methodist Church, Williamstown FN and VL Williams Trust Kenova United Methodist Church Forrest Burdette Memorial United Methodist Church Limestone United Methodist Church, Rockport

Annual Report 2018 ● Page 11 Institutional Donors and Depositors Little Kanawha District Roane General Hospital Little Kanawha District United Methodist Ministry Spouses Sandyville United Methodist Church Lost Creek United Methodist Church Smoot Charge Lubeck United Methodist Church Spruce Street United Methodist Church St. John’s United Methodist Church, Spencer Maple Lake Club, Inc. St. John’s United Methodist Church, Petersburg Memorial United Methodist Church, Summersville St. Marks United Methodist Church, Charleston Ministry Spouses of the West Virginia St. Paul’s United Methodist Church, Parkersburg Annual Conference Stephenson United Methodist Church Mt. Zion United Methodist Church, Nettie Suncrest United Methodist Church

Narvie Moss Family T.A. Deitz Trust Network For Good Taylor County Cooperative Parish The Church Mouse Oak Hill United Methodist Church The D Minor and Families Order of Deacons of the West Virginia Trinity United Methodist Church, Bluefield Annual Conference Trinity United Methodist Church, Bridgeport Orlena United Methodist Church Trinity United Methodist Church, Point Pleasant

Pea Ridge United Methodist Church United Methodist Temple, Beckley Perry Memorial United Methodist Church United Methodist Women of the West Virginia Annual Conference

Vanguard Charitable Endowment Program

Walkersville Charge United Methodist Church Wayside United Methodist Church, Vienna Wellsburg United Methodist Church Wellspring of Greenbrier, Inc. Wesley United Methodist Church, Fairview West Virginia Annual Conference of the United Methodist Church West Virginia Wesleyan College Westover United Methodist Church Winfield United Methodist Women West Virginia National Guard Chaplains

Deer Park United Methodist Church

Page 12 ● United Methodist Foundation of West Virgina, Inc. Focus on the Numbers

Total Assets Under Management $96,014,207

Total Gifts and Deposits $4,573,241

Distributions For Charitable purposes $4,316,549 and To beneficiaries of Betty C. Rogers life income gifts $225,355 Estates Permanent Trusts Eighteen new trusts Estate of Betty C. Rogers were established, Estate of David W. Ohl totaling Estate of Hazel M. Glotfelty $528,545 Estate of Jonas Johnson, Jr. Estate of Lena M. Groves Custodial Accounts It is with gratitude that we list the donors, ministries and Twenty-one custodial institutions that have made gifts to The Foundation or accounts were established, have invested funds with The Foundation. Thank you totaling $929,667 for your generosity and for allowing The Foundation to be your partner in ministry. Thank you to all of Life Income Accounts our anonymous donors. We regret the unintended omission of any donor’s name. • Two new life income accounts were established, totaling $129,664

Annual Report 2018 ● Page 13 President’s Financial Report At the United Methodist Foundation of West Virginia, we take our fiduciary duty to properly protect and manage the assets of your Foundation very seriously. Presented below are the preliminary, unaudited results for the year ended December 31, 2018 (with comparative amounts for 2015, 2016, and 2017).

Financial Highlights

2015 2016 2017 2018

Total Market Value of Cash and Investments (millions) $ 87.28 $ 92.53 $100.41 $ 96.01 New Gifts, Income Gifts, and Custodial Accounts and additions to all funds (millions) $ 3.67 $ 3.93 $ 2.82 $ 4.57 Total Administrative Expenses (millions) $ 0.59 $ 0.66 $ 0.73 $ 0.71

Number of: Trust Funds 544 538 583 584 Custodial Accounts 369 377 380 393 Income Gifts 67 46 54 54 Total 980 961 1017 1031

Total Investment Funds - By Year How our assets are designated December 31, 2018 $105 Custodial 38.64% $100

$95

Trusts Income $90 58.07% Gifts Dollars, in Millions in Dollars, 3.29% $85 Amount Percent (Millions) $80 Trust Funds $ 55.75 58.07% 2015 2016 2017 2018 Income Gifts $ 3.16 3.29% Year Custodial Accounts $ 37.10 38.64% Page 14 ● United Methodist Foundation of West Virgina, Inc. Performance of Funds

Investment Yields (less all fees) were:

2018 Benchmark* Total Return

Fund A (Fixed Income) -0.57% -0.56% Fund B1 (Conservative Balanced) -4.82% -4.17% Fund B2 (Moderate Balanced) -5.28% -4.49% Fund B3 (Agressive Balanced) -7.85% -6.76%

3-year Average Return (2016-2018) Benchmark* Total Return

Fund A (Fixed Income) 0.73% 1.56% Fund B1 (Conservative Balanced) 3.93% 4.64% Fund B2 (Moderate Balanced) 4.65% 5.30% Fund B3 (Agressive Balanced) 4.97% 5.95%

* The benchmarks are customized to match the asset allocation in each Fund, adjusted for fees.

Investment management services provided by Wespath Investment Mangement of Glenview, Illinois.

Our Audit

The Board of Trustees of the United Methodist Foundation has engaged the firm of Brown Edwards, CPAs (formerly Gibbons & Kawash), to perform the annual audit of the Foundation’s books and records. The 2018 audit will occur in March 2019. Copies may be obtained thereafter from the Foundation’s office or directly from our CPA firm. The audit is available in both paper and electronic format

Foundation Offices: Independent CPA Firm:

Jeffrey A. Taylor, President Brown Edwards, CPAs Susannah Carpenter, Director of Finance and Administration Valerie R. Ellis, CPA, Partner Phone (304) 342-2113 707 Virginia Street, East Judy Raines, Treasurer Charleston, WV 25301 Phone: (304) 345-8400

Annual Report 2018 ● Page 15 Foundation Grants

The purpose of The Foundations Grant program • Cross Lanes United Methodist Church — for is to help the churches and other ministries of our the installation of showers for their mission and Conference to reach out in love to their neighbors. disaster recovery ministry. • Crossroads Camp in the Little Kanawha District In 2018, over $89,000 was distributed through — to fund a new bath and shower house on site. The Foundation Grant Ministry. Through • Elizabeth Memorial United Methodist Church — these grants, disaster recovery ministries were for an event designed to reach out to the blind in strengthened, our outreach to the hungry and the community. marginalized was expanded, our care of those • First United Methodist Church, Princeton — to in recovery from addiction was multiplied, and support the tea project of Camellia Mountain ministry in the Annual Conference was able (which supports addiction recovery work). to reach out to our communities with love. • Heart and Hand House, Inc. — to finance the replacement of the roof on their Community • Canaan United Methodist Church — for Garden Market. a Community Outreach Project providing • House of the Carpenter — to help with the official forms of identification for homeless construction of a Youth Center at the Mission and marginally homeless on the West Side of Project. Charleston. • South Branch Charge of the Potomac Highland • Concord United Methodist Church — for the District — to provide scholarships to support the Eli Internship Scholarship Program. living expenses of residents of New Beginnings, Inc. Recovery Home for Women. • Spring Heights — for signage that will increase awareness of the ministry in the community. • Tyrand Cooperative Ministry — to replace an antiquated heating system at the Mission Project. • Wesley Foundation at Fairmont State — to provide free lunches for needy students (a pilot program). • West Liberty NEXUS project — to help fund a cooperative ministry between the West Liberty Campus Ministry and the West Liberty Federated Church. • West Virginia Council of Churches — to help with the establishment of six regional re-entry facilities across the state.

For more information concerning award criteria and how to apply for a Foundation Grant, go to umfwv. Jeff Taylor and Belinda Toms org/foundation-grants or call our office. •

Page 16 ● United Methodist Foundation of West Virgina, Inc. Creating a Culture of Generosity

As an expression of our mission statement, The Foundation works to create a culture of generosity in our Annual Conference. We do this through providing stewardship expertise to churches, districts, and other ministries, and by sponsoring Generosity events for clergy and laity.

In 2018, The Foundation sponosored two Generosity events. In August, we were a sponsors of the second annual Lakeside Chautauqua Stewardship and Generosity Conference. We hosted eight persons from the West Virginia Conference to attend the event, and Jeff and Kim lead a breakout workshop.

In September, we hosted the Foundation Academy of Faith and Generosity at Stonewall Resort near Weston, WV. Bonnie Marden, David Bell, and Claudine Leary were our guest presenters. •

Images

Top—Presenters and staff for the Foundation Academy of Faith and Generosity. From left to right: David Bell, Jeff Taylor, Claudine Leary, Bonnie Marden, Kim Matthews, and Susannah Carpenter.

Left—Attendees and friends at the Lakeside Stewardship Conference. From left to right: Jenny Williams, Peg McCauley, Ron McCauley, Chip Bennett, Lauren Godwin, Jeff Taylor, Andrew Tennant, Kim Matthews, Jarrod Caltrider, and Paul Mateer.

Annual Report 2018 ● Page 17 Beneficiaires

Greenbrier Little Kanawha St. Marys UMC St. Paul’s UMC District District Sandyville UMC Seventh Street UMC Arbovale UMC Trinity UMC-Pickaway Smithville UMC Bascom UMC Bethany UMC Stephenson Memorial UMC Durbin UMC Calvary UMC Stout Memorial UMC Fenwick UMC Christ UMC-Parkersburg Trinity UMC First UMC-Hinton Elizabeth UMC Wayside UMC First UMC-Webster Springs Epworth UMC Forest Hill UMC Fairview UMC Frankford UMC First UMC-Parkersburg Midland South Gilgal UMC First UMC-Ravenswood District Highland Park UMC First UMC-Williamstown Jordan Chapel UMC Gates Ridge UMC Aldersgate UMC Lewisburg UMC Limestone UMC Asbury UMC Memorial UMC Logan Memorial UMC Brown UMC Mt Hermon UMC Lubeck UMC Bruce McDonald Mt. Zion UMC-Hico Parkview UMC Memorial UMC Mt. Zion UMC-Nettie Pennsboro UMC Buffalo UMC Rainelle UMC Pisgah UMC Canaan UMC Smoot Charge Pleasant Hill UMC Chelyan UMC St. Luke UMC Rosemar UMC Christ UMC St. Paul’s UMC St. Andrew’s UMC Clendenin UMC Summersville Cooperative St. John UMC-Vienna Coal Fork UMC Parish St. John’s UMC-Spencer Cross Lanes UMC Union UMC St. Luke’s UMC Dunbar UMC Page 18 ● United Methodist Foundation of West Virgina, Inc. East Bank UMC Taylor County Coopertive First UMC-Romney Elizabeth Memorial UMC Parish First UMC-Terra Alta First UMC-South Charleston Tyrone UMC Flanagan Hill UMC Forrest Burdette Warren UMC Fout Memorial UMC Memorial UMC Wesley UMC-Fairview Grace UMC Mt. Juliet UMC Wesley UMC-Morgantown Janes UMC Mt. Tabor UMC Westover UMC Jennings UMC Madison UMC Woodland UMC Lahmansville UMC Newton UMC Main Street UMC Poca UMC McHenry UMC Racine UMC Northern North River Mills UMC Riverview UMC District Paradise UMC St. Andrew UMC Preston Cooperative Parish St. John UMC Calvary UMC St. Paul’s UMC-Oakland St. Johns UMC Christ UMC St. Pauls’ UMC-Ridgeley St. Marks UMC Elm Grove UMC Trinity UMC-Fort Ashby St. Paul UMC First UMC-Wheeling Trinity UMC-Piedmont Simpson Memorial UMC Follansbee UMC Walnut St. UMC Trinity UMC Franklin UMC Wardensville UMC Winfield UMC Glen Dale UMC Wesley Chapel UMC Graysville UM Cemetery Wesley UMC-Kingwood Association MonValley Hope UMC-Wheeling District New Martinsville UMC Point Pleasant UMC Bailey Memorial UMC Short Creek UMC Barrackville UMC Simpson UMC-Moundsville Blueville UMC New Life UMC Boothsville UMC Trinity UMC Central UMC Warwood UMC Cheat Lake UMC Wellsburg UMC Crim Memorial UMC Enterprise UMC Fetterman UMC Potomac First UMC-Shinnston Highlands Gateway UMC Harner Chapel UMC District Highland Avenue UMC Janes Memorial UMC Baker’s Chapel UMC Lambert’s Run UMC Bass UMC Life UMC Buena Chapel UMC Lumberport UMC Bethel UMC Masontown UMC Calvary UMC Nestorville UMC Capon Bridge UMC Meadowdale UMC-H&H Central UMC Chapel Corinth UMC Pruntytown UMC Deer Park UMC Reedsville UMC Duffey Memorial UMC Kim Matthews and Phil Hazeldine Spruce Street UMC First UMC-Keyser Suncrest UMC First UMC-Parsons Annual Report 2018 ● Page 19 Southern North View UMC Otterbein UMC District Orlena UMC St. Matthew UMC Bland Street UMC Salem UMC Bluefield Cooperative Parish Smith Chapel UMC Bluewell UMC Stealey UMC Brushfork UMC Trinity UMC Concord UMC UM Temple Fayetteville UMC Vincent Memorial UMC First UMC-Beckley Walkersville Charge Gary UMC Wayside UMC John Stewart UMC Woodford Memorial UMC Mt. Hope UMC Tyrand Cooperatiive Minsitries Mt. Horeb UMC Matheny UMC Hamlin UMC Oak Hill UMC Western Harmony UMC Perry Memorial UMC District Heights UMC Pinnacle Cooperative Parish Johnson Memorial UMC Rebecca Chapel UMC Bachtel UMC Kenova UMC St. Mary’s UMC Beech Hill UMC Lavalette UMC Stinson UMC Bellemead UMC Matewan UMC Trinity UMC Bethesda UMC Mt. Union UMC-Huntington UM Temple Beverly Hills UMC New Haven UMC Central UMC Pea Ridge UMC Community of Grace UMC Steele Memorial UMC Wesleyan Cross Roads UMC Trinity UMC-Point Pleasant District First UMC-Barboursville Wayne UMC First UMC-Huntington West Hamlin UMC Fourth Avenue UMC Beverly UMC Westmoreland UMC Bridgeport UMC Broad Oaks UMC Burnsville UMC Chapel Hill UMC Christ UMC Copen UMC Duff Street UMC First UMC-Buckhannon First UMC-Clarksburg First UMC-Elkins First UMC-Gassaway Hammond UMC Heaston UMC Indian Camp UMC Lost Creek UMC Macedonia UMC Mill Creek UMC Johnson Memorial United Methodist Church

Page 20 ● United Methodist Foundation of West Virgina, Inc. Beneficiaires

Conference Affiliated Spring Heights Education Center Tyrand Cooperative Ministries, Inc. Agencies, District Offices, WV Hunger United Methodist Foundation Institutions and of West Virginia,Inc. Special Ministries UM Layman’s Foundation UM Men of the Annual Conference Board of Global Ministries UM Women of Annual Conference Board of Higher Education & Campus Ministry Upshur Cooperative Parish Burlington UM Family Services, Inc. Upshur Parish House Commission on Archives & History Volunteers In Mission Commission on Conference Camps and Wesley Foundation at Educational Center Wesley Foundation of Fairmont State Conference Board of Trustees Wesleyan District Conference UM Campus Ministries Western District Congregational Development West Virginia Wesleyan College Council on Finance & Administration Covenant Council Other Ministries and Charities Crossroads Camp Ebenezer Community Outreach Center Africa University Episcopal Office Asbury Theological Seminary Ethnic Ministries Duke Divinity School Evangelism Fayetteville Food Pantry Greenbrier District Four Square Bible College Heart and Hand House Methodist Theological School in Ohio Heart and Hand Outreach Ministries Mountaineer Habit for Humanity House of the Carpenter Mullens Area Public Library Little Kanawha District North Marion High School Campus Ministries Salvation Army Midland South District Order of the Eastern Star Ministers’ Wives/Mates Association (Parkersburg Chapter 14) MonValley District United Methodist Committee On Relief Northern District UM Churches beyond the Pension Funds, Inc. West Virginia Annual Conference Potomac Highlands District United Theological Seminary Radical Discipleship Academy of Appalachia Wyoming East High School Scott’s Run Settlement House Wellspring of Greenbrier, Inc. Scouting Ministries Wesley Theological Seminary South Central District of the West Virginia Public Broadcasting North Alabama Conference West Virginia Voluntary Organizations Southern District Active in Disaster

Annual Report 2018 ● Page 21 Board of Trustees 2018-2019

Trustees Officers

Maribeth Anderson Gina Palmer David B. Ellwood Bishop Sandra L. Steiner Ball Michael Perkins Chairperson James A. Chaney Bruce N. Petersen Mark B. Chernenko Judith Raines Bishop Sandra Steiner Ball Ellis E. Conley Richard H. Sale Honorary Chairperson Cheryl Davis Deborah Shaffer D. Lyn Dotson Ken Shanes Jeffrey A. Taylor David B. Ellwood Edward Sisson President Lauren A. Godwin Elaine Stonestreet Joseph B.A. Hill James Wadsworth D. Lyn Dotson Scarlett Kellerman Jeffrey A. Taylor Vice-Chairperson Joseph Kenaston* Richard N. Toothman Aliene G. Lee Vernon Webster Kimberly A. Matthews Albert Mays Jeffrey Welshonce Vice President Kimberly A. Matthews* Kristi L. Wilkerson Barbara McDowell William H. Wilson Judith Raines Chris Meighen Treasurer *without vote Page 22 ● United Methodist Foundation of West Virgina, Inc. Committees

Leadership Resource Development Development In Memorium Marc Chernenko Gina Palmer, Chairperson* D. Lyn Dotson James A. Chaney Former trustee, Ken Shanes Ellis Conley Rev. William , died January Chris Meighen George Kniceley Edward Sisson 8, 2018. Elaine Stonestreet Vic Mays Richard H. Sale Former trustee, Robert Sullivan, Personnel Deborah Shaffer died January 13, 2018. James Wadsworth D. Lyn Dotson, Chairperson* Kristi Wilkerson Joan Dodd, spouse of former Ellis Conley trustee, Chester Dodd, Jr., died David B. Ellwood Grants January 18, 2018. Aliene Lee spouse of former Judith Raines Marc Chernenko, Chairperson* Janis I. Hensley, Officers of the Board trustee, Rev. Basil A. Hensley, died Jeffrey A. Taylor February 15, 2018 Lauren Godwin Joseph Kenaston Church Relations Trustee and Foundation treasurer, Gina Palmer Ben Vincent, died April 4, 2018. Lauren Godwin, Chairperson* Audit Ronald N. Roberts, former Maribeth Anderson Foundation Board Chair, died Cheryl Davis David B. Ellwood May 6, 2018. Aliene Lee Vic Mays Barbara McDowell Judith Raines Marilee V. Backus died May Judith Raines 24, 2018. She was the spouse of Richard Toothman Rev. Dr. Arthur Backus, a former Wiliam H. Wilson Foundation associate director and father of Janice Erenrich, whose spouse, Rev. David Erenrich, Investment is a former Foundation Board member. David B. Ellwood, Chairperson* Joseph Hill Becky Phillips, spouse of former Scarlett Kellerman Board chair, Delbert “Butch” Michael Perkins Phillips, died November 19, 2018. Bruce N. Petersen Vernon Webster Former trustee, Rev. Richard Jeffrey Welshonce Wright, died December 10, 2018.

* Members of the Executive Committee. Bishop Sandra Steiner Ball Annual Report 2018 ● Page 23 Foundation Staff

Jeff Taylor President

Jeff received his undergraduate (B.S.’83) and law degrees (J.D. ’86) from . He received his seminary education from Methodist Theological School in Ohio, where he serves on the Board of Trustees.

Jeff serves as President of Leave a Legacy® of Central Appalachia, a consortium of charitable organizations that focuses on strengthening our communities through bequests and other planned gifts. He is a member of the West Virginia State Bar.

Jeff is a past president of the National Association of United Methodist Foundations, past president of the Cabell County Bar Association, and past president of the KYOWVA Planned Giving Council.

Jeff is an ordained deacon in the West Virginia Annual Conference of the United Methodist Church.

Page 24 ● United Methodist Foundation of West Virgina, Inc. Kim Matthews Vice President Kim graduated with honors from Marshall University in Huntington, WV, where she received her Bachelor’s of Science and her Master’s of Science degrees in biology. Prior to joining the staff of the Foundation in 2008 as Associate Director, she served for 19 years as Research Associate with Marshall University School of Medicine and its affiliates, co-authoring several peer-reviewed journal articles.

Kim is a member of the National Association of Charitable Gift Planners and is the Secretary of Leave a Legacy® of Central Appalachia. Kim is a Certified Lay Minister who is active as a volunteer in her Church, District and in the Annual Conference.

Susannah Carpenter Director of Finance & Administration

Prior to joining the staff in 2017, Susannah spent 14 years working in various positions for the West Virginia Department of Administration, including Chief Financial Officer, Assistant to the Comptroller, and Interim Chief Technology Officer. A Certified Public Accountant, Susannah’s previous experience also includes working as a research manager for the State Legislative Auditor’s office, and as a senior accountant for a private auditing and consulting firm. She graduated with honors from Virginia Polytechnic Institute and State University in Blacksburg, VA with a bachelor’s degree in accounting.

Susannah is a life-long United Methodist who is an active member of her church, Christ Church United Methodist in Charleston.

Annual Report 2018 ● Page 25 Connect with The Foundation

By Mail

United Methodist Foundation of West Virginia, Inc. P. O. Box 3811 Charleston, WV 25338-3811 By Phone

(304) 342-2113 (800) 788-3746 ext. 45 (toll free) (304) 342-2632 (fax) By Email

Jeff Taylor, President [email protected] Kim Matthews, Vice President [email protected] Susannah Carpenter, [email protected] Director of Finance and Administration General Mailbox [email protected] The email address [email protected] is delivered to all of us. On the Web

Visit our website at www.umfwv.org Connect with us by Facebook at www.facebook.com/umfwv Visit our office

The Foundation offices are located in St. Mark’s United Methodist Church in Charleston. The physical address of the office is: 900 Washington Street, East, Suite 203 Charleston, WV 25301

Page 26 ● United Methodist Foundation of West Virgina, Inc. Photo Credits

Gratitude is expressed to the following: Page 3: Rev'd J. Montgomery Brown Pages 8 and 9: West Virginia Annual Conference Communications Page 19: Beverly Hills United Methodist Church, Huntington United Methodist Foundation Non-Profit Org. U.S. Postage of West Virginia Inc. PAID P.O. Box 3811 Permit #2780 Charleston, West Virginia 25338- 3811 Chas., WV 25301