New Mount Olive Baptist Church has teamed up with the Community Foundation of Broward to launch a history-making endowment.
Rooted in generosity, faith and legacy, the New Mount Olive Baptist Church “Be a Blessing” Fund at the Community Foundation creates a permanent source of support for the church’s work to make a lasting impact in the lives of people in our community.
The church’s $100,000 investment in the power of endowed giving makes New Mount Olive Baptist Church the first Black church to create an endowed charitable fund at the Community Foundation.
By creating an endowment, the church trusts the Community Foundation to safeguard and grow its fund through careful investment. Earnings from the fund will produce annual grants that support the church’s ministry, programs and community impact efforts. Additional contributions to the fund will fuel even more endowed support for the church.
“With the creation of the New Mount Olive Baptist Church ‘Be a Blessing’ Fund, the church has planted a significant seed that will help our church and benefit our community,” said Church Deacon Jonathan Allen, a Community Foundation Board Member who helped forge this new partnership. “And with every contribution we make to this fund, we are sowing seeds of faith, hope, ministry and love that will bear fruit for current and future generations.”
Community Foundation President/CEO Jennifer O’Flannery Anderson and members of the Foundation Board and staff celebrated the church’s new endowment along with the congregation at the Sunday July 9 church service.
“I want to thank Senior Pastor Davidson, Deacon Robinson, the Ministry of Directors and the New Mount Olive congregation for trusting the Community Foundation of Broward as your partner in this important endeavor,” Jennifer O’Flannery Anderson said. “Through this fund, New Mount Olive Baptist Church is building is positive legacy of generosity, giving and continuously blessing this community for generations to come.”
More About Our Nonprofit Endowment Partners
New Mount Olive Baptist Church now joins the more than 30 local nonprofit organizations that have locked in permanent, sustainable sources of support by partnering with the Community Foundation to create Nonprofit Endowment Funds.
With a Nonprofit Endowment Fund, charitable organizations take advantage of the Community Foundation’s diversified investment portfolio and financial expertise to ensure a dedicated and sustainable source of financial support.
This partnership enables Broward charitable organizations to focus on their critical missions, while the Community Foundation safeguards their funds and handles the tax reporting, audits and other financial management duties. By working together, we make life better in Broward – today and for generations to come.
Contact the Community Foundation of Broward at email@example.com or 954-761-9503.