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Methodist church under the provisions of chapter 617, florida statutes, and not for pecuniary profit or financial GAIN. The specific purposes for which the corporation is organized are as follows: a. To ACT as trustee, to administer trusts, to receive and administer funds for religious, charitable, and educational purposes, and to that END to take title to and hold, by contract, bequest, devise, gift, purchase or lease, either absolutely or in trust, ANY property, real, personal and mixed, without limitations as to amounts or value; b. To receive, administer and participate in charitable remainder trusts, unitrusts and other like trusts, to the extent this corporation is lawfully permitted to do so; to sell, convey and dispose of ANY such property and to invest and reinvest the principal and income thereof, and to DEAL with and expend the principal and income of this corporation for ANY of the aforementioned objectives and purposes, without limitation, except as to such limitations, if ANY, as may be contained in the instrument under which such property is received or other limitations imposed by law; c. To receive deposits from local churches and other organizations and institutions of the florida annual conference of the united methodist church or florida residents as may be permitted or authorized by applicable law; to pay interest on such deposits; to offer DEBT securities the proceeds of which to fund loans made to churches, individuals, entities, agencies and other organizations the foundation serves; to lend money to local churches, organizations, institutions and agencies related to the florida annual conference of the united methodist church or the united methodist church, or to churches, agencies, districts, schools, organizations and charities whose mission complements and supports a wesleyan focus on abundant grace and shared commitment to making disciples of jesus christ for the transformation of the world; d. To receive ANY property, real, personal or mixed in trust, under the terms of ANY will, trust or other instrument for the foregoing purposes or ANY of them, and in administering same to carry out the directions and exercise the powers contained in the trust instrument under which the property is received, including the expenditure of the principal, as well as the income, for one or more of such purposes, if authorized or directed in the trust instrument under which it is received; to receive, take title to, hold, and use the proceeds and income of stocks, bonds, obligations, or other securities of ANY corporations or corporation, domestic or foreign, only for the foregoing powers, or ANY of them; e. To acquire, receive and accept, by way of grant, gift, devise, bequest, purchase, lease or otherwise, money and real and personal property of every kind, nature and description, without limitation as to amount or value, including securities (which term, for ALL purposes hereof, includes without limiting the generality thereof, shares of stock, bonds debentures, notes, mortgages or other obligations, and ANY certificates, receipt or other instruments, representing ANY rights or interest therein or with respect thereto) created or issued by ANY person, firm, association, corporation or government or subdivision thereof; to exercise as owner or holder of ANY such property ANY and ALL rights, powers and privileges in respect thereof, to hold, administer, sell, convey, dispose of, invest and reinvest such property and the income and proceeds thereof; to use, apply or disburse ANY of its property or the income or the proceeds thereof, exclusively for or toward ANY one or more of its purposes as listed herein; f. To solicit the donation or investment of funds from boards, agencies, and institutions affiliated with the florida annual conference of the united methodist church and from donors, individuals, families and supporters of the united methodist church; to receive, hold, invest, reinvest, and administer such funds and other property which may be given, transferred, conveyed or entrusted to it in an investment fund or mortgage POOL; to issue receipts to such donors and holders of participation certificates, notes or debentures for their gifts, or as the case may be, investment in DEBT securities, an investment fund or mortgage POOL; to invest such funds in mortgage loans to united methodist churches, and to the extent determined by the board of directors, to invest in stocks, bonds, or other securities, without being limited to so-called legal investments for fiduciaries; to collect the interest or income thereof; to pay to investors such interest UPON their investments as may be determined by the certificates of participation, NOTE or debentures or contracts with the corporation; to purchase, sell, exchange or otherwise dispose of, pledge, mortgage, or hypothecate, ALL kinds of securities, and to exercise ANY and ALL of said powers, either on its own account, or as agent or trustee for ALL persons, firms, corporations, or other organizations; g. To provide, for a reasonable FEE, consulting, financial, stewardship and administratives services for local churches, organizations and institutions of the florida annual conference of the united methodist church, the united methodist church, other religious entities organized as a 501(c)(3) not for profit organization whose mission complements and supports a wesleyan focus on abundant grace and shared commitment to making disciples of jesus christ for the transformation of the world, h. To exercise ANY, ALL and every power under which a NON-profit corporation organized under the provisions of the florida not-for-profit corporation ACT, as from time to time may be amended, for religious, charitable or educational purposes, CAN be authorized to exercise. No part of the activities of this corporation shall be the carrying-on of propaganda or otherwise attempt to influence legislation, or the participation in ANY political campaign on behalf of ANY candidate for public office. The florida methodist foundation renewed cefex (center for fiduciary excellence) certification in 2024. Cefex certified firms adhere to a standard representing the BEST practices in their industry. The standards include specific criteria which have been substantiated by regulation or written in consultation with leading firms. Cefex certified firms voluntarily undertake annual audits by independent expert analysts. This continually verifies their adherence to the applicable standard and is supplemental to oversight performed by regulators, or financial auditors.
Donations are tax-deductible