Stronger Together: Texas Methodist Foundation and Heartspring Methodist Foundation Join Forces
AUSTIN/HOUSTON, May 29, 2018 – The board of directors of the Texas Methodist Foundation (TMF) and Heartspring Methodist Foundation (Heartspring) voted to approve a combination of the two organizations. The Texas Conference also affirmed this combination at its annual meeting. The complete merger of Heartspring with and into TMF will be effective Jan. 1, 2019.
TMF and Heartspring provide similar products and services to the Methodist churches, agencies and individuals of the Texas Conference, and currently are the only two U.S. United Methodist Foundations that serve the same geographic constituency.
“Simply put – we will be stronger together,” says Tom Locke, TMF president. “Our goal moving forward is to continue to bring the spirit, vitality and individuality of our organizations into a new, united organization. Our mission will remain constant: to empower the Church in the achievement of its God-appointed missions and to provide the resources and platforms that leaders need to succeed.”
“Combining our respective strengths will enhance our ability to serve Methodist churches, agencies and individuals,” says Rev. C.J. Taylor, Heartspring president and CEO. “Both organizations’ ministry is to help further the Kingdom of God; we have similar objectives and goals; and our cultures are more alike than they are different. We look forward to continue helping our clients advance their financial and charitable goals as we begin integrating foundation services.”
TMF, founded in 1938, is the largest United Methodist foundation in the country serving Methodists across Texas and New Mexico. Founded in 1978, Heartspring celebrates 40 years of ministry to the Texas Conference, covering the eastern part of the state, in 2018.
Headquartered in Austin, Texas, TMF is a nonprofit organization offering assistance to United Methodists through investments, loans, grants and leadership, strategic discernment, gift planning, and endowment services. TMF serves the six United Methodist conferences throughout Texas and New Mexico. Leading from its core values of servanthood, integrity and competence, TMF has been serving United Methodist congregations for 80 years. It is the largest United Methodist foundation in the country with more than $525 million in assets under management. To learn more, please visit http://www.tmf-fdn.org.