“It was the best of times, it was the worst of times,” to borrow an opening phrase from Charles Dickens. Moravians met a challenging year with grace, creativity, generosity, and love. And the Moravian Ministries Foundation in America was honored to be part of it. Amid a pandemic, more of us invested together, established new accounts and funds, made record distributions to ministry, made our first-ever grants to congregations and agencies, and took giving and stewardship online. Amazing!
As of 12/31/2020 Moravians have $184,070,246 under investment through MMFA. It’s the largest amount in the foundation’s 23-year history. These assets represent your collective endowments, trusts, scholarship funds, donor advised funds, gift annuities, pensions and various other investment accounts — all invested for the glory and furtherment of the kingdom of our Chief Elder, Jesus Christ.
MMFA oversaw $8,418,378.72 in distributions for 2020 represented by the pie chart. When looking at MMFA’s controlled funds, our foundation stewarded $679,454.67 in distributions to ministry for 2020.
And there’s more good news: Studies predict that fundraising and philanthropy will continue to grow.