Mennonite Foundation, United States

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1959 Article

Mennonite Foundation, a subsidiary of Mennonite Mutual Aid, Inc., was established in 1954 as an Indiana nonprofit corporation to serve as a depository for tax exempt funds, recognized by the United States Treasury Department. It received bequests, legacies, and other funds on deposit, subject to distribution by the depositors to religious, charitable, and educational causes. -- Harold S. Bender

1987 Update

Mennonite Foundation, United States, is a stewardship service agency of the Mennonite churches. It was organized as a not-for-profit, charitable corporation by Mennonite Mutual Aid in 1952. Tax-exempt status was granted by the Internal Revenue Service. The foundation offers estate planning and planned giving services for individuals and investment management services for congregations and church institutions. All gifts distributed by the foundation are donor directed. The foundation has no projects of its own and issues no grants. Major staff time was not used until 1965 when gift assets totaled $152,000. Since then gift assets have grown to over $68,000,000 by 1987. The foundation attempts to be self-supporting and operate on a break-even basis. Operating funds come from service charges, investments, and contributions from institutions and individuals. -- Paul L. Goering

See also Inheritance; Brethren in Christ Foundation; Stewardship; Mennonite Foundation of Canada.


Bibliography

Mennonite Church Yearbook (1988-89): 112, 136.

Annual reports of the foundation are available from its office at Goshen, IN.


Additional Information

Address: 1110 N Main Street, Goshen, IN 46528-2638

Phone: 574-533-9511



Author(s) Harold S. Bender
Paul L. Goering
Date Published 1987

Cite This Article

MLA style

Bender, Harold S. and Paul L. Goering. "Mennonite Foundation, United States." Global Anabaptist Mennonite Encyclopedia Online. 1987. Web. 24 Nov 2024. https://gameo.org/index.php?title=Mennonite_Foundation,_United_States&oldid=58643.

APA style

Bender, Harold S. and Paul L. Goering. (1987). Mennonite Foundation, United States. Global Anabaptist Mennonite Encyclopedia Online. Retrieved 24 November 2024, from https://gameo.org/index.php?title=Mennonite_Foundation,_United_States&oldid=58643.



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Adapted by permission of Herald Press, Harrisonburg, Virginia, from Mennonite Encyclopedia, Vol. 4, p. 1107; vol. 5, pp. 571-572. All rights reserved.


©1996-2024 by the Global Anabaptist Mennonite Encyclopedia Online. All rights reserved.

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