Every year, in February, the Foundation’s board of directors meets to approve the payment to beneficiaries of named endowment earnings for the previous year. Over the last ten years (2012-2021), these distributions from the named endowment funds have totaled over $4 million, averaging more than $408,279 per year. ODF distributions benefit a variety of ministries and programs of the Christian (Disciples of Christ) Church in Oklahoma, as shown in the chart above. These programs and ministries include seniors, the region, areas, camps, and more. In 2021, several endowment distributions total over $96,000 for grants; together with additional contributions, ODF’s grants committee is set to award $100,000. Click here to review a complete list of named endowments.
- The ‘congregation’ category refers to endowment funds established to benefit specific churches, as well as missions of some of those churches
- ‘Institutions’ refers to, for example, Phillips Theological Seminary and other educational organizations.
- There are four named endowment funds which have been established to benefit the Foundation itself, allowing us not only to operate, but also to organize workshops and seminars for both lay and clergy Disciples.
From 12/31/16 to 12/31/20, the principal invested in named endowments has increased 30.5% while FMV (fair market value) has increased 62.8%; see line graph below. And our audited financial statements show a steady pattern of growth in total assets; see bar graph below.