Introduction
The Mission of The First Baptist Church of Midland Foundation is to promote, support and further the mission purposes of The First Baptist Church of Midland, Texas with appropriate financial support beyond that which is available through the Church’s operational budget by:
- multiplying the impact of small and large gifts and bequests through consolidation with other similar donations;
- increasing the permanent unrestricted endowment through responsible long term investment and management of assets;
- providing appropriate means for donors with varied interests in Christian ministries to facilitate and continue their support of Christian ministries beyond the donors’ lifetime; and
- serving as an educational resource and catalyst to Church members in matters of planned giving using wills, trusts and other estate planning strategies.
Nonprofit
The Foundation is an independent 501(c)(3) organization, and contributions are tax deductible to the full extent permitted by law.
Perpetual Legacy
The vision for the Foundation is to be a permanent missions minded endowment for providing resources to further the Kingdom of God throughout the world. We are the stewards for permanent funds that will long outlive their donors and the Foundation’s Board of Directors.
Fiscal Responsibility
Among the First Baptist Church of Midland Foundation’s fiduciary responsibilities to donors, none is more important than the prudent investment of assets. The Foundation’s current investment vehicle is the Baptist Foundation of Texas which manages endowment funds of Baptist institutions and agencies so that they may be invested according to the needs of the client ministries we serve to further their own mission. The Board sets investment policy and oversees the performance of the investment. Preservation of endowment principal is a primary objective. Current income and long-term capital appreciation are equal objectives.
World Vision
The focus of the First Baptist Church of Midland Foundation is missions that fulfill the Great Commission to reconcile the world to God. Donors benefit through joining their funds with those of others to work toward this common goal. Grants from these funds are spent with the Foundation mission in mind.
Leadership Dedicated to Service
The Board of Directors of the First Baptist Church of Midland Foundation provide leadership and diligent stewardship for funds contributed to the Foundation. Serving without compensation, the Directors approve all grants, review investment performance and provide strategic planning for the Foundation. The men and women who make up our Board of Directors are grounded in the mission and ministry of the Church. Collectively, they are knowledgeable or experienced in finance, accounting, investment, legal or other matters useful in the operation of the Foundation. Each Director serves a maximum of ten years.