Philanthropy is a spiritual act, an expression of caring for one’s fellow beings. It is a belief in the future, that the future can be good.
— Arthur Frantzreb

Financial Information

Annual Audit Report

The Foundation employs the services of Odell Hicks and Company, LLC to conduct an annual audit of its records and accounting systems. Our fiscal year ends December 31. We are pleased to report that Odell Hicks issued an unqualified opinion of the Foundation’s financial position for the period ended December 31, 2007.  A copy of the Foundation's audited financials is available on request.

Annual Statistics

The annual statistics for 2007show Foundation assets under management exceeded $45 million.  More than 275 churches in the Northern Illinois Conference have accounts with the Foundation. The 2007 highlights a comprehensive review of the Foundation's investement program and contracting with Hammond Associates for Investment Consulting services effective February 1, 2008. In addition the Foundation hosted the 4th annual conference-wide stewardship seminar, provided training and resources for the New Consecration Sunday Annual Stewardship Program and continued its Grant Program..  Click here (PDF) to read the full report.