Nashville Area United Methodist Foundation

Your Foundation has experienced a year of growth in investments and in ministries with
churches, individuals, and extension ministries. I continue to find the work and ministry both
challenging and encouraging. It is a great privilege to be involved in this vital ministry for the
churches and programs of both conferences.

Two passages of scripture continue to be the underpinnings of our mission and ministry. First, “I
know the plans I have for you, says the Lord, not for harm but for good, to give you a future with
hope.” (Jeremiah 29:11) Second, “You shall love the Lord your God will all your heart, and with
all your soul, and with all your mind. . This is the greatest and first commandment. And a
second is like it: You shall love your neighbor as yourself.” (Matthew 22:37-39) These
scriptures form for us the vision for the strengthening of ministries and churches, and for
connecting with persons across the years ahead. We seek to be ambassadors of hope as we
enable the making of disciples of Jesus Christ, and to transform the world by extending the love
of Christ across time.

The chair of the Board of Directors, Ivie Burns, is a member of First United Methodist Church in
Murfreesboro. He has led our board into some significant decisions that have strengthened the
Development Fund and set us up for continued growth and ministry in the future. As you read
further, know that he and other members of the board have taken important steps in the past and
during this year to make it possible for more churches and ministries to be enhanced. I am
grateful for the dedication of Ivie and every member of the board.
Board members: Larry J. Smith (Vice-Chair), James Finger (Secretary), Jim Allen (Treasurer),
Mark Beanblossom, Ben Boone, Todd Brown, Lucy R. Carter, James Clardy, Harry Durbin,
Keith Enders, Daniel Hayes, David E. Hayes, Beverly Horner, Joseph Kauffman, Vivian Martin,
C. J. Pickering, Judy Piercey, Anne W. Richards, Sandy Shawhan, Lem Tanksley, and Ken
Uselton. Bishop Richard J. Wills, Jr, and John Casey and Stan Waldon, serve as ex officio
members of the board.

This year we also bid farewell to our Administrative Assistant, Paulette Dowdy. Paulette has
been with the Foundation for nearly ten years and has been a key connection between our
ministries and the churches and individuals with whom we work and serve. We will miss her
pleasant personality, her skills, and her dedication to the ministries of the Foundation. As we
wish her well in retirement, we also know that we will call on her for the knowledge which she
has regarding many of the funds that are entrusted to the Foundation. We also welcome Martha
Woodfin as our new Administrative Assistant. She comes to us with several years of experience
as an Administrative Assistant, the most recent with McKendree Village and McKendree Village
Foundation.
Endowments and Other Funds

At the end of December, 2007, the 178 accounts (endowments, trusts, scholarship funds, and
others) in the Foundation totaled almost $22.9 million! In addition to new funds placed with the
Foundation, our net gain on investments was 9.20% in 2007. Even with the roller-coaster ride of
investments in recent months we still maintain a high level of anticipation that we will meet our
goals for the churches and ministries that have entrusted funds to our care. One of the visions for
our ministry continues to be the development of significant endowment funds for each of the
extension ministries of the Memphis and the Tennessee Conferences. During the past year we
have worked with some of our extension ministries to begin laying the foundations for this to
happen, and over the coming years we will continue to work together in our connectional spirit
to share hope and extend love across time.

The Foundation is grateful for the advice and guidance from Jim Rorrer, of CAPGroup
Investment Advisors. He has helped identify the seven fund managers that the board uses for our
investments in U.S. stocks (45% of our funds), international stocks (15%), emerging market
stocks (5%), and U.S. bonds (35%). This balanced approach helps your funds to grow with
moderate risk. Past performance does not guarantee future performance, but we are very pleased
with the current state of the funds entrusted to the Foundation for investment and management.

United Methodist Development Fund of TN/KY, Inc.

This is a vital fund for our many participants and for those churches and ministries that have
borrowed for buildings and other purposes since its inception in 1991. Remember that local
churches and individuals may invest in this fund, which is used to make loans to churches and
ministries. As of January 31, 2008, we had:
• Current investments totaling $9,088,365.76;
• Current loan balance of $4,500,137.57;
• Loans committed that will be awarded in the next few weeks total $1,015,000.

If you have questions regarding the Foundation and your ministry through it, if you would like to
have me come to preach and/or speak to a group in your church, or if you would like to learn
more about ways to create and leave a legacy, give me a call (615-259-2008/2066) or email me at
vwalkup@nashaumf.org. Also, visit our website at www.nashaumf.org

Dr. Vincent (Vin) Walkup, President