Mennonite Brethren Foundation

The information on this page was last updated 3/1/2024. If you see errors or omissions, please email: [email protected]


Summary

What we Do:

Planned Giving: Planned giving is any gift that needs assistance to complete. Planned gifts can include cash, commodities, stocks, real estate, or other assets. MB Foundation provides God-honoring gift planning to help you achieve your charitable goals.

Fund Management: MB Foundation manages $200 million in total assets and is experienced and qualified to assist in the management of institutional funds. As a fiduciary of these assets we have developed a system to steward funds with excellence while maximizing Kingdom impact.

Championing Stewardship: Stewardship resources and education to meet you wherever you are on your generosity journey.

Investment Certificates: Investment opportunities for individuals and ministries to earn a rate of return and make capital available for lending to churches and ministries.

Loan Program: Financing solutions for churches, ministries and MB pastors.

LeadGen: Scholarships for students exploring ministry leadership opportunities in the Mennonite Brethren church family.


Contact information

Mailing address:
Mennonite Brethren Foundation
220 East D St
PO Box 220
Hillsboro, KS 67063

Website: mbfoundation.com

Phone: 800-551-1547

Email: [email protected]


Organization details

EIN: 481092804

CEO/President: Jon C. Wiebe

Chairman: Randy C. Hamm

Board size: 11

Founder: General Conference of Mennonite Brethren Churches

Ruling year: 1991

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2005


Purpose

Our vision is to encourage Biblical principles of financial stewardship and generosity, resulting in the gathering, management, and distribution of financial resources for Christ and His kingdom.


Mission statement

Our mission is to encourage and assist individuals, congregations, and ministries in the Mennonite Brethren community with Biblical financial stewardship solutions.


Statement of faith

We are a stewardship ministry of the Mennonite Brethren denomination. We affirm and support the beliefs of US Conference of Mennonite Brethren Churches (USMB) as outlined in the Confession of Faith. To read more about our shared beliefs and the Confession of Faith, visit www.usmb.org.

Donor confidence score

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Transparency grade

A

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Financial efficiency ratings

Sector: Christian Foundations

CategoryRatingOverall rankSector rank
Overall efficiency rating683 of 11019 of 10
Fund acquisition rating172 of 11024 of 10
Resource allocation rating799 of 110210 of 10
Asset utilization rating903 of 11019 of 10

Financial ratios

Funding ratiosSector median2020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
0%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%58%51%94%36%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%42%49%6%64%
 
Operating ratiosSector median2020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
98%90%86%86%89%
Spending ratio Spending ratio =
Total expenses /
Total revenue
73%40%26%32%61%
Program output ratio Program output ratio =
Program services /
Total revenue
71%36%22%27%54%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
27%60%74%68%39%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
11%16%26%22%9%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
2%10%14%14%11%
 
Investing ratiosSector median2020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.300.050.040.040.05
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.572.182.353.283.23
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
0.470.100.090.140.16
 
Liquidity ratiosSector median2020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
395.82242.29242.93960.02589.24
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.000.000.000.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
25.44115.23126.1587.9773.05
 
Solvency ratiosSector median2020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
2%56%56%60%65%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
305%927%1095%967%691%

Financials

Balance sheet
 
Assets2020201920182017
Cash$1,796,347$1,446,410$1,676,269$1,248,119
Receivables, inventories, prepaids$846,619$754,696$861,485$658,201
Short-term investments$134,792,907$104,724,669$60,042,919$54,691,007
Other current assets$0$0$0$0
Total current assets$137,435,873$106,925,775$62,580,673$56,597,327
Long-term investments$41,675,622$39,884,958$33,770,630$35,006,530
Fixed assets$2,086,411$2,139,399$2,148,436$2,207,488
Other long-term assets$118,811,737$102,796,553$106,525,695$88,825,170
Total long-term assets$162,573,770$144,820,910$142,444,761$126,039,188
Total assets$300,009,643$251,746,685$205,025,434$182,636,515
 
Liabilities2020201920182017
Payables and accrued expenses$567,239$440,149$65,187$96,051
Other current liabilities$0$0$0$0
Total current liabilities$567,239$440,149$65,187$96,051
Debt$0$0$0$0
Due to (from) affiliates$56,244,113$43,285,818$36,589,231$38,033,361
Other long-term liabilities$111,016,031$97,083,146$85,882,913$80,375,793
Total long-term liabilities$167,260,144$140,368,964$122,472,144$118,409,154
Total liabilities$167,827,383$140,809,113$122,537,331$118,505,205
 
Net assets2020201920182017
Without donor restrictions$91,367,588$72,486,277$50,254,487$31,040,733
With donor restrictions$40,814,672$38,451,295$32,233,616$33,090,577
Net assets$132,182,260$110,937,572$82,488,103$64,131,310
 
Revenues and expenses
 
Revenue2020201920182017
Total contributions$20,753,192$19,537,578$25,168,415$5,473,808
Program service revenue$0$0$0$0
Membership dues$0$0$0$0
Investment income$12,928,333$16,687,152$1,817,830$8,537,433
Other revenue$1,818,777$2,354,157($101,544)$1,198,017
Total other revenue$14,747,110$19,041,309$1,716,286$9,735,450
Total revenue$35,500,302$38,578,887$26,884,701$15,209,258
 
Expenses2020201920182017
Program services$12,866,661$8,663,864$7,305,840$8,215,463
Management and general$1,386,953$1,465,554$1,222,068$1,066,537
Fundraising$0$0$0$0
Total expenses$14,253,614$10,129,418$8,527,908$9,282,000
 
Change in net assets2020201920182017
Surplus (deficit)$21,246,688$28,449,469$18,356,793$5,927,258
Other changes in net assets$0$0$0$0
Total change in net assets$21,246,688$28,449,469$18,356,793$5,927,258

Compensation

Compensation data for this ministry has not been collected.


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 3/1/2024. To update the information below, please email: [email protected]


History

Mennonite Brethren Foundation had its functional beginning in 1898 when an Endowment Fund was established under the management of the Board of Trustees of the General Conference of Mennonite Brethren Churches. In 1957 a gift annuity program was initiated and the first annuity was issued.

Mennonite Brethren Foundation had a more formal and intentional beginning in 1972 with the establishment of a denominational stewardship department to offer services in estate planning education, life income agreements, charitable trusts, and a variety of gift plans. The success of the planned giving programs and services linked with a perceived need to structure the organization for maximum effectiveness resulted in its incorporation in 1990 as Mennonite Brethren Foundation.

In 2003, MB Loan Fund was established and incorporated to carry on the Foundation's investment and loan programs. Charitable activities and gift planning remain the responsibility of MB Foundation. The staff and board are the same for both organizations.

To learn more about the Mennonite Brethren denomination please visit the US Conference of Mennonite Brethren Churches at www.usmb.org.

1880 - The Conference establishes a Mission Fund

Churches gather funds brought to annual conferences for disbursement.

1904 - Conference receives first planned gift

Franz Wiens initial gift is first endowment and still is managed by MB Foundation.

1933 - The Conference first reference to a Stewardship Committee

Committee authorized to invest fund notes and endowment for a loan fund.

1990 - MB Foundation Incorporated

MB Foundation is incorporated on December 28, 1990.

2003 - Mennonite Brethren Loan Fund established & incorporated.

MB Loan Fund was created to house the investment certificates and loan activities of MB Foundation.

2019 - Assets under management reach $251M

2020 - Assets under management reach $300M


Program accomplishments


Needs