(800)552-4644 www.tbfoundation.org
Serving Tennessee Baptists Since 1938
2017 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
$148 million during that time. God continues to bless this ministry and we are pleased to make our
report to the convention as to highlights for the fiscal year 2017-18 thus far. The Foundation is pleased
to offer the following services to Tennessee Baptists:
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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 loans to Tennessee Baptist churches/associations
Providing grants for qualifying new ministries and projects
Highlights of the Foundation’s stewardship thus far for this fiscal year include:
Funds under management: Over 1,100
Assets under management: $147,871,759 (as of June 30, 2018)
New funds under fund management agreements: $1,035,000 (8 new funds)
Educational grants and scholarships: 226 - totaling $240,500 for 2018-2019
academic year (Over $5.4 million since 1987)
Special Project Grants: $69,980 distributed to assist 24 ministry projects
Cooperative Program: $326,282 as of June 30, 2018. Project to give over $500,000 by
year end.
Other Baptist and charitable causes: $2,021,972 as of June 30, 2018. Project to give
over $3 million by year end.
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
[email protected]
Christopher L. Kelly, Esq.
Executive Vice President and General Counsel
[email protected]