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Message from the Executive Director Sid Johnston

Thank you for visiting our website. I’m honored to be a part of this great Church and enjoy serving you as Executive Director of the Foundation.

The purpose of the Foundation is – and always will be – to assist in preserving the church’s magnificent facilities and supporting the vital programs and ministries of the church body.

If you have any questions about our Foundation, or would like to make a donation, please feel free to contact me personally. My phone and email are under the Contact Us button above.

May God bless you.

 

Sid Johnston, Blog Posting September 15, 2017:

Treasures of the Earth Gifted to the Foundation - A Look into the Foundation's Oil and Gas Assets

“My goal is that they may be encouraged in heart and united in love, so that they may have the full riches of complete understanding, in order that they may know the mystery of God, namely, Christ, in whom are hidden all of the treasures of wisdom and knowledge.

Colossians 2:2-3    

It is no secret to Texans that gas and oil royalties are highly coveted assets. So how did the Foundation come across the ownership interest of 742 wells in 43 different counties spread across 4 states in the South? The answer is a simple one. We’ve acquired all our precious assets through the generous gifts of donors throughout the years. Gifts come in many shapes and sizes. They also are acquired in a variety of ways. While these assets make up a smaller portion of our yearly income, they are still a constant and mostly consistent source of income every year for the past 35 years.

A large portion of the oil and gas holdings came from a substantial donation through the Estate of Mr. A.J. and Mrs. Bess Broderick and the Estate of Mrs. Sidney Smith (mother of Bess Broderick). The remaining acquisitions came from the Estate of Etta M. Turpin and through the purchase of Scurry County, Texas property in the Estate of Mr. Thomas E. Tilley. These donations occurred many years ago, but the benefits have continued to roll in annually. As the popular phrase goes, “they are the gifts that keeps on giving”.

Most of our Foundation’s wells are in the State of Texas in 30 different counties across the northern half of the state. We also own wells in 10 counties in Mississippi, 2 counties in Arkansas and 1 county in Oklahoma. Currently, there are active leases for these wells with 42 oil and gas companies. The Foundation staff maintain all the leases, tracking and deposits of the oil and gas income in-house with the occasional consult of an oil and gas attorney.

The Foundation’s Board of Directors oversees all royalty portfolio activity and is directly responsible for all decisions made regarding leases. The Board of Directors along with the Foundation staff work diligently to ensure that these bountiful gifts are reaping maximum benefit and fulfilling their legacy potential in helping to directly impact our Church.

How does the royalty income impact our Church and how much profit does the Foundation make each year off these lasting gifts? All income received from oil and gas royalties is carefully monitored and processed by the Foundation staff each month. The money then goes straight into our investment portfolio and general corpus income so that its gains are magnified, but also so that a portion can be used more readily if needed by our Church. Currently, the division is 50% of the income goes into the investment portfolio and 50% goes into income for immediate Church assistance. So far this year, we are averaging about $52,000 to $54,000 each month. For the year 2016, we had a total revenue of $546,187.00 which is a significant boost to the funding we can provide to our Church. There are so many different programs our Church has that the Foundation assists with financially. This is just one additional source of income that can help our Church flourish in programming for the congregation. 

This blog serves as just a brief glimpse into the oil and gas aspect of the Foundation’s business. The Foundation and our Church have been blessed with so many different types of monetary donations throughout the years. This is just one example of a gift that continues to serve in perpetuity. It’s a good reminder that gifts can come in a variety of forms, shapes and sizes. Every gift, no matter the size or type, is valued by the Foundation and goes directly toward ensuring the Foundation’s support of our Church.

We continue to strive towards providing as much communication with our Church as possible regarding our gifts and how they are invested. The oil and gas royalties make up just a portion of our total portfolio. If you would like more information about our oil and gas holdings or how you can give to our Foundation, please contact us at 817-336-5698 or at fmc@fmcfoundation.org. We look forward to hearing from you. Every gift counts, big or small. They all go towards the ultimate goal of building a legacy of support for our Church.

Blog Archives:

08/01/17 Have you Heard the Great News? - Halfway Check-In on the Foundation

06/15/17 Thanking the Lord for Sunshine,Children & Summertime

05/09/17 Spring Cleaning... Not Just Cleaning your Home, but Fine-tuning your Estate Planning as Well

03/31/17 Shining Light on an Overcast Path: Singing the Praises of the Methodist Justice Ministry

01/27/17 Reflect on the Past; Look Forward to the Future

11/22/16 We Are Here For You: We Call It Thanksgiving Back

10/27/16 Living the Legend of Helen W. Watt: Developing a Legacy through Mentorship

09/2/2016 Where there's a Will, There's a Way!

07/30/2016 Foundation Endowment Just Keeps on Working for the Church

06/30/2016 Legacy Giving As a Family Affair

05/27/2016 The Godliness of Clarity and Transparency

04/13/2016 Which comes first? Committment or Confidence?

03/14/2016 Foundation Dedicated to AchievingFinancial Best Practices

02/19/2016 Foundation Announces Methodist Justice Ministry Endowment

01/26/2016 All great deeds begin as little seeds

12/31/2015 Conversations & Cheer: Celebrating Our Relationships

12/17/2015 Wise Gifts

11/17/2015 Legacy of Gratitude and Giving

10/30/2015 Generations of Tradition and Support

09/28/2015 Men of Faith and Works Created Your Foundation

08/17/2015 A Tradition of Support

07/6/2015 Growing God's People in the World

06/24/2015 Foundation Funds Scholoarships, Honors Staff

05/13/2015 Wise Financial Policies

04/27/2015 Why the Foundation Exists

04/20/2015 Care, Loyalty and Obedience

02/12/2015 Clothing Ourselves in the Honor of History

12/28/2014 Building to Finish, This Year and in Years to Come

11/3/2014 Pillars of Civil Society

10/25/2014 What a Celebration!

09/24/2014 Pillars of the Community

09/11/2014 The Fifth Pillar: Music & Fine Arts

08/14/2014 The Fourth Pillar: Mission & Outreach

07/31/2014 The Third Pillar: Education

06/24/2014 The Second Pillar: Renewal Through Worship

05/20/2014 The First Pillar: Vision The Foundation at 50