Serving Tennessee Baptists Since 1938
2016 Annual Report
Since 1938 the Tennessee Baptist Foundation has been of service to Tennessee Baptists and Kingdom
causes around the world. The assets under management of the Foundation have grown from $6,577 to
$149,054,032 during that time. God continues to bless this ministry and we are pleased to make our report
to the convention as to highlights of the audited activities and performance for fiscal year 2014-2015. The
Foundation is pleased to offer the following services to Tennessee Baptists:
Presenting informational Faith-based estate planning seminars for churches
Working with individuals, helping them develop distinctively Christian personal estate plans
Consulting with individuals on the preparation of their Wills and Powers of Attorney
Assisting individuals in their establishment of various Charitable Trusts
Serving as Trustee of trusts and funds committed to its care
Providing investment services to Tennessee Baptist churches and institutions
Serving as executor of estates, upon request, in which a Baptist cause(s) is a beneficiary
Offering construction loans/permanent financing to Tennessee Baptist churches/associations
Providing grants for qualifying new ministries and projects
Highlights of the Foundation’s stewardship this past fiscal year include:
Funds under management: Over 1,100
Assets under management: $149,054,032
New funds under fund management agreements: $2,864,207 (25 new funds)
Educational grants and scholarships: 208 - totaling $229,138 for 2016-2017 academic year
(Over $4.9 million since 1987)
Special Project Grants: $43,000 distributed to assist 4 new ministry projects
Cooperative Program: $632,119
Individual beneficiaries of charitable trusts: $758,428
Other Baptist and charitable causes: $4,248,754
The Tennessee Baptist Foundation is committed to helping Tennessee Baptists make today’s plans for
tomorrow’s impact.
C. William (Bill) Gruenewald, III
President-Treasurer
Christopher L. Kelly, Esq.
Executive Vice President and General Counsel
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