Mid-Atlantic United Methodist Foundation
Executive Director, Jack Brooks
Email: Jack.Brooks@epaumc.org
800-828-9093 Ext. 247
Associate Director, Frank Robert
Email: Frobert@bwcumc.org
Tel 800-492-2525 Ext. 475
Now available - download a set of FAQs about the Mid-Atlantic United Methodist Foundation.
Who is the Mid-Atlantic United Methodist Foundation?
The Mid-Atlantic United Methodist Foundation
The Mid-Atlantic United Methodist Foundation has been established by merger in 2010 for the purpose of fostering and supporting benevolent ministries in the name of Jesus Christ, and to serve as an extension of the religious, charitable and educational endeavors of the Eastern Pennsylvania Conference of The United Methodist Church, the Peninsula Delaware Annual Conference of The United Methodist Church, and the Baltimore Washington Conference of The United Methodist Church. We are incorporated under the Nonprofit Corporation Law of Pennsylvania exclusively for charitable purposes and are intended to be a public charity under the provisions of the Internal Revenue Code of 1954 as a 501(c) non-profit corporation.
Our Governing Board of Directors
Our Board of Directors is a composite of both Clergy and Laity members of the United Methodist Church. We have a Board of Directors that is comprised of representatives of the Eastern Pennsylvania, Peninsula Delaware, and Baltimore Washington Annual Conferences. All board members are appointed to serve a four year term with an option to serve one additional four year term. Annual Conference Treasurers are considered permanent members of the board. Permanent committees of the board include the Executive, Investment, Personnel, Marketing, Stewardship and Audit committees. The Members of our corporation are each Annual Conference’s Council on Finance and Administration.
The Executive Director
Daily business operations of the Foundation are administered by the Executive Director of the Foundation. The Executive Director is supported by one Associate Director, Frank Robert and one additional part-time staff person Tracy Brown. While independent of the Conferences, the corporate office of the Foundation is hosted within the Eastern Pennsylvania Annual Conference office in Valley Forge, Pa. An additional office is supported within the Baltimore Washington Conference office.
Our Unique Mission and Ministry
Stewardship and Planned Giving, The Foundation conducts leadership programs in planned giving and church stewardship as part of its important mission and ministry. We offers advice and counsel to members, families, local churches, agencies, and boards on how to promote legacy or transformational gift for the future of The United Methodist Church. We specialize in developing Church Endowments.
Investment and Asset Management, Our investment advisory and asset management operation is available to churches, groups, and agencies seeking a way to have invested and endowed assets managed in accordance to the guidelines outlined in the United Methodist Book of Discipline. The Mid-Atlantic Foundation does not contemplate self economic gain or profit from our work and ministry. Profits from managing client assets are directly reinvested for the betterment of The United Methodist Church and the Churches for whom we manage assets.
Our Investment Management
The Foundation’s Investment Management product is deployed using a group of contracted investment management professionals creating portfolios for equity and fixed income investments diversified across a broad spectrum of asset classes and categories. All our investments are screened at the time of purchase against the General Board of Pension’s list of restricted securities thereby assuring every effort has been made to comply with The United Methodist Church’s social principals outlined in the Book of Discipline.
Our Investment Managers
Recordkeeping Services: Fulton Bank, Lancaster, Pa.
Core Value Manager: Thompson Siegel & Walmsley, Richmond Va.
Value Manager: Stratton Management, Blue Bell, Pa.
Growth Manager: Clermont Wealth Solutions, Lancaster, Pa.
Small Cap Manager: C.S. McKee, Pittsburgh, Pa.
International ADR Manager: Capstone Management, Houston, Tex.
Short Fixed Income: Vanguard, Frasier, Pa.
Fixed Income: Federated Securities, Pittsburgh, Pa.
Investment Managers performance is reviewed monthly and measured against various established benchmarks. The Foundation Investment Committee conducts a quarterly conference call with each manager and reports the findings to the Board of Directors. An annual presentation is made on a rotating basis by each investment manager during one of our quarterly board meetings. Additionally, all Foundation business is subject to an annual audit by an independent audit firm in association with the board’s Audit Committee.
The Foundation’s Investment Committee
This Committee is responsible for reviewing and recommending the specific investment allocation and assets assigned to each of our investment managers. The Foundation Board has established guidelines governing the management of our investments including written “Investment Policies” and “Investment Procedures”. The foundation makes these guidelines available at no charge to any church looking to establish written policies for the management of invested and endowed assets at the church level. The Board of Directors is responsible for monitoring investment manager’s performance against the selected benchmark target.
Future Outlook and Growth
For the duration of 2010 the Foundation will work towards integration of the existing Baltimore Washington Conference Foundation accounts into the new platform. In 2011 the Foundation Board will proactively contact the top endowed Churches in the Annual Conferences we serve to seek new relationships for our Investment Management services. We continue to explore many opportunities that would provide great financial economies and growth for the Foundation. Additionally we are expanding our use of technology, video, and the web in the delivery of our unique services. The goal is to strengthen the ability of the Foundation to provide additional ministry and mission resources to the Annual Conferences we serve, and strengthen the financial health of The United Methodist Church.
Details on the Formation of the Mid-Atlantic United Methodist Foundation, Inc.
The Mid-Atlantic United Methodist Foundation, Inc. Effective July 1, 2010. This organization is headquartered in Valley Forge, Pa. under the corporate laws of the state of Pennsylvania with additional offices in Dover, De. and Columbia, Md. The Foundation will serve the Eastern Pennsylvania, Peninsula, and Baltimore Washington Annual Conferences of the United Methodist Church and conducts business in the states of PA, DE, MD, WV, and the District of Columbia. A formal vote of the membership for merger took place at each Annual Conference Meeting in the spring of 2010.
For Additional Information contact:
Jack Brooks
Executive Director
The Mid-Atlantic United Methodist Foundation, Inc.
PO Box 820
Valley Forge, PA, 19482
Tel. 800-828-9093 Ext. 247
Email: jack.brooks@epaumc.org
Frank Robert
Associate Director
The Mid Atlantic United Methodist Foundation, Inc.
11711 East Market Place Suite 250
Fulton, MD 20759-2594
800-492-2525
Email: Frobert@bwcumc.org
