09.22.11 Hope Board Meeting

Hope Christian Community Foundation www.hopeccf.org

Hope Christian Community Foundation exists

to serve Mid-South donors and ministries to

facilitate the building of God’s kingdom in

our community and throughout the world.

Our mission is to encourage philanthropy

and increase giving.

BOARD OF DIRECTORS MEETINGSEPTEMBER 22, 2011

Financial Highlights for Fiscal 2012(4 months ended August 31)

Hope for Memphis Fund

Celebration of Generosity Luncheon

Other Matters



FINANCIAL HIGHLIGHTS

$28

$55

$83

$110

Millions

3.3

12.46.5

22.3

31.7

49.7

70.7 71.0

52.9

67.4

106.2100.0

2001 2005 2009 2012 YTD

Total Assets

Assets at August 31, 2011 Were $100MCompared to $106M on April 30, 2011


$50

$100

$150

$200

Millions

815

2938

4757

73

92

125

156

191200

2001 2005 2009 2012 YTD

Cumulative Grants Thru 8/31/11

Total Grants Made Since Founding $200M+



Change in Assets for 4 mos. ended 8/31 2011 2012

Assets at Beginning of Fiscal Year $67.4 $106.9

New DAFs Opened 27.9 .8

Contributions to DAFs 9.8 7.2

Grants from DAFs (8.2) (7.8)

Agency fund deposits .8 .1

Agency fund withdrawals (1.1) (.1)

Net Investment Earnings (4.8) (7.0)

Expenses + other-net (.1) (.2)

Assets at August 31 (in millions) $91.8 $100.0

(DAF = Donor Advised Fund)

$ Millions

CHANGE OF ASSETS DURING FISCAL 2011

Thru 4.30.11Assets decreased $7M or 6.5% to $100MStock market & other investments negatively impacted assets by the same amountNew funds opened this year were $ 800,000Gifts received total $ 7.2M, down 27% from last yearGrants made were $ 7.8M, down 4.5% as last year



INCOME STATEMENTFOUR MONTHS ENDED AUGUST 31, 2011


Four months ended August 31 (000) 2012 Actual 2012 Budget 2011 Actual

Administrative Fee Income $188 $185 $158

Interest Income 44 44 46

Total Operating Revenue $232 $229 $204

Operating Expenses 170 176 149

Operating Income $62 $53 $55

Contributions 0 0 0

Net Income $62 $53 $55

$ Thousands

HIGHLIGHTS OF YTD FISCAL 2012

Income & expenses in line with budget

Income higher than last year due to higher average assets

Expenses higher than last year by $21k due to higher total compensation ($7k or 5%), timing of audit fees($5k) and expense of new brochure($7k).

Net income YTD of $62,000 compares with budget of $53,000 and $55,000 last year


CASH POSITION

Cash total is $675,000

Operating reserve equals $500,000

Hope for Memphis fund equals $127,000 total, with$22,000 available for grants

Generous Community Initiative fund equals $48,000


FINANCIAL OUTLOOK

Hope’s revenue is driven by fees on assets and interest rates.

Stock market was down 10% for the 4 months ended 8/31; our assets declined less since equities account for less than 1/2 of total assets.

Short term interest rates appear to remain at low levels for the foreseeable future.

At current asset level, monthly income should be about $14K.



HOPE FOR MEMPHIS FUND

HOPE FOR MEMPHIS FUND UPDATE

Available funds of $20,000

Total grants made of $763,500

New Business - Committee Recommendations (view handout)

Recommend a grant to Memphis Athletic Ministries for $20,000 (visited by John Dudas and Douglas Skipworth)



CELEBRATION OF GENEROSITY LUNCHEONTUESDAY, NOVEMBER 1ST

WHY DOES HOPE HAVE ACELEBRATE GENEROSITY LUNCHEON?

(VIDEO)


CELEBRATION OF GENEROSITY IN MEMPHIS

Tuesday, Nov. 1st, Holiday Inn by the University of Memphis, 11:30 - 1PM

Keynote from Shane Stanford, the new pastor of Christ Methodist

Please invite your friends, pastor, prospects, business associates + financial advisor

Table of 10 is $250

Each director will be given one table

A donation is requested but not required to cover the cost of the event


CELEBRATION OF GENEROSITY IN MEMPHIS

For the second year in a row, Hope was the largest granting foundation in Memphis. This is the first time this distinction does not go to the Community Foundation of Greater Memphis.Our donors are extremely generous. Gifts to Hope and grants have been very strong the past three years:


Fiscal years-millions 2009 2010 2011 TotalGiving to Hope $37.5 $35.0 $55.9 $128.4Giving from Hope $34.3 $29.8 $29.2 $93.3

OTHER BUSINESS


NEXT SCHEDULED BOARD OF DIRECTORS MEETING

January 26, 2012
