United Methodist Foundation of Arkansas

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Charitable Organizations & Foundations

Description

The United Methodist Foundation of Arkansas (UMFA) is a nonprofit organization that serves Arkansas United Methodist churches, institutions, and people. It was chartered in 1963 and is under authority granted by the Arkansas United Methodist Annual Conference. It is supervised by a Board of Directors elected by the conference. The Foundation currently serves as trustee for over 500 endowments and trusts with assets over $106 million.

The Foundation is much like a bank trust department, except that we serve only the United Methodist Church. The Foundation produces over $5 million in investment income which is paid to a wide array of United Methodist programs, organizations, local churches, and remainder trust income beneficiaries.

The Foundation's own budget is underwritten from a variety of sources, including income from the Foundation's own endowment fund, gifts from members of the Bishops' Club, and a small account service fee.

News Archive

United Methodist Foundation of Arkansas.(Clarence E. Trice )(Brief article) Arkansas Business; 7/20/2009 ...ILLUSTRATION OMITTED] Clarence E. Trice has been named vice president and chief financial officer of the United Methodist Foundation of Arkansas in Little Rock. Trice is a 1974 graduate of the University of Arkansas at Fayetteville and has served... ...more