A year with Stephanie Jones

We can’t believe a year has already passed with Stephanie Jones on our team! In case you haven’t had the pleasure of meeting her, Stephanie is our director of donor relations. She came to us with more than 20 years of finance and business experience, and we have to say it has served our team exceptionally well.

When she first joined CCF, Stephanie said she was most excited about the overall vision of our organization. She was also looking forward to educating people about what it means to be a Kingdom-minded giver in a way that is authentic and transparent. We definitely think she’s accomplished these goals in her first year here at CCF.

“Stephanie hit the ground running when she came on board a year ago,” said Rex Jones, president of CCF. “She’s made great improvements and has wonderful aspirations to make the CCF experience even more enjoyable for our friends and family.”

Stephanie said she can’t believe that a year has passed since she joined.

“It has been such a pleasant experience in so many ways as I have gotten to know some really wonderful and compassionate donors and organizations,” Stephanie said. “Who knew there was so much to learn and appreciate about generosity right here in Memphis, Tennessee!”

Christian Community Foundation serves as a conduit of giving for its donors, working to bring the joy of God into the lives of those who need it most. When asked what she loves most about her job, Stephanie said, “I get to be involved and assist in something that is so much bigger than me. God’s work is truly prevalent here at CCF, and I am proud to be a part of it!”

Congratulations on your first year at CCF, Stephanie. We look forward to many more!

Fiscal Cliff Notes: Highlights For Gift Planners

Fiscal Cliff Notes

Here are the highlights for gift planners:

Highest marginal income tax rates for single taxpayers making over $400,000 or married filing jointly taxpayers making over $450,000 moves to 39.6%.

Impact On Planned Givers: To the extent that the greater tax savings from taking a deduction against a higher rate means an increased incentive to give, there’s a little more incentive here for these high income donors.

Capital gains and qualified dividend rates for taxpayers with incomes over $400,000 single of $450,000 married filing jointly moves from 15% to 20%.

Impact On Planned Givers: Higher tax rates for capital gains may mean gifts of appreciated property will be more attractive to donors as a way to avoid this tax.

Returns of the 3% “Deduction Reduction.” This law reduces itemized deductions by 3% for every dollar a taxpayer’s income exceeds $250,000 single or $300,000 married filing jointly. The law was introduced during the Clinton administration, but was phased out during the Bush years.

Impact On Planned Givers: This provision sounds bad, but hasn’t been shown over the years to be a significant drag on charitable giving. One way to think about this is to say that

it’s the state taxes or mortgage interest deduction that is affected by any 3% reduction, not additional charitable gifts.

The charitable IRA rollover was extended for 2012 and 2013

Impact on Planned Givers: From a marketing standpoint, the message to eligible people who waited was they can give in January 2013 and count it towards 2012 and then also give again anytime in 2013 and count it towards 2013. There are more complicated rules for donors who drew on IRA assets to make gifts in 2012 that we will flesh out in future blogs and analyses.

The gift estate tax exemption was kept substantially the same ($5 million, $10 million for married couples) as under 2012 law, with the top bracket moving up modestly from 35% to 40%.

Impact On Planned Givers: With higher exemptions (that will continue to be adjusted for inflation)

there are precious

few people with “estate tax problems,” although these are the precious few gift planners spend a lot of time cultivating. The higher top rate for taxable transfers and the possibility of transfer tax repeal no longer on the horizon make lead trust gifts look better.

The Healthcare surtax on investment income moves in at http://www.cialispharmaciefr24.com/achat-cialis-france-24/ 3% for taxpayers with incomes over $200,000 single or $250,000 married filing jointly.

Impact On Planned Givers: This new tax is a tadalafil maroc minor

incentive for donors to make gifts of appreciated property.

The social security payroll tax goes back to 6.2% from 4.2% for all taxpayers and for high income taxpayers the .9% Medicare tax kicks in.

Impact on Planned Givers: It’s important to remind donors

that these taxes are unaffected by charitable contributions.

Finally, the alternative minimum tax (AMT) thresholds increases and will keep up with inflation.

Impact on Planned Givers: Many fewer taxpayers will be in the situation where their deductions are limited by the AMT so that additional charitable gifts create no additional tax savings.

Celebrate Generosity In Memphis 2013

The Hope Foundation is proud to announce our annual luncheon with a focus on generosity in Memphis.

Celebrate Generosity In Memphis 2013
Tuesday, March 5th, 11:30 – 1 p.m.
Holiday Inn Ballroom, University of Memphis Campus [map]

Last year’s event welcomed Shane Stanford from Christ Methodist Church as our keynote speaker to inspire over 400 of Memphis’s most generous givers and influencers. On Tuesday, March 5th we welcome Barrett Jones from Germantown, TN. Barrett is a Christian and happens to be the starting center for the 12-1 University of Alabama football team. Barrett’s young story is continuing to unfold through his excellent work on the football field and beyond.

A preview of Barrett’s testimony can be seen below:

This will be a great event to celebrate how God is moving through generosity. Memphis is unique in national giving statistics and Hope is proud to highlight stories from our donors and others involved

with Hope in Memphis.

Celebrate Generosity In Memphis 2013
Tuesday, March 5th, 11:30 – 1 p.m.
Holiday Inn Ballroom, University of Memphis Campus

Announcing: Urban Summit 2012

The Urban Summit is the Mid-South’s premiere experience for Urban Ministry Training from some of the nation’s most proven leaders in the field.

Hosted in Memphis by Hope Christian Community Foundation,

the Memphis Leadership Foundation, MCUTS, & City Leadership, this one-day event features training and conversations in the areas of Biblical Justice, https://www.acheterviagrafr24.com/prix-viagra-pharmacie/ Community Development, and Education Reform.

Saturday March 17th – 8:30am to 2:00pm

The Summit will be held at Christ United Methodist Church. Centrally located in Memphis on Poplar


The $49 registration fee is currently only $29 for guests of achat cialis france 24 the Hope Christian Community Foundation if you use the code HCCF29. Take advantage of this savings for your entire group.

For more information on the event, please visit: http://theurbansummit.org/

Review: 2011 Celebrate Generosity in Memphis Lunch

Hope was pleased to celebrate another strong year with our 2011 Celebrate Generosity in Memphis event held at the Holiday Inn, University of Memphis campus.  Nearly 350 people met to gather and hear messages of hope around the theme of giving.  Memphis has always had a strong history with giving and 2011 proved to be another landmark year for the largest grantmaker in Memphis.
If you missed the event or are interested in sharing the media, please share this post generic viagra reviews with others and continue to pray God will bless Memphis through the movement of generosity.

Hope donor and strategic financial advisor Chris Williams shared his story. If you are interested in learning more of Chris’s story, watch his full testimony.

Hope Executive Director Mike Harris shared his State of Foundation 2011 report.

Shane Stanford, Senior Pastor at Christ United Methodist Church, shared the keynote message, “Draw Closely Friends.”

Shane Stanford 4

Shane Stanford – Draw Closely Friends

Another short video set to inspire others in their path of giving was shared and invited others to join the movement.

Hope Board member and financial advisor Nancy Coe invited others to join Hope and open a donor advised fund to begin their giving journey today.

Nancy Coe

Nancy Coe – Invitation to Hope

David Waters published a followup and related article in Wednesday, Nov. 2nd Commercial Appeal: Faith Matters: Generous Memphis Belies Its Impoverished Image

View images taken from the 2011 Celebrate Generosity in Memphis Event

Celebrate Generosity In Memphis 2011

Is generosity in Memphis contagious?  From where we are sitting, we know it is.

The Hope Foundation is excited to announce its annual luncheon with a focus on Generosity in Memphis.  Last year’s event brought together over 400 of the city’s greatest influencers. On Tuesday, November 1st we say “thanks” for Jesus’ example of giving as we celebrate the impact our donors’ generosity has on the city.  Shane Stanford from Christ United Methodist Church will be our keynote speaker.  We are also proud to highlight giving testimonies from Hope donors.

What:  Celebration of Generosity in Memphis
When:  Tuesday, November 1, 2011; 11:30 – 1:00 PM
Where:  Holiday Inn, University of Memphis Campus, 3700 Central Avenue, Memphis, TN‎ 38111
Keynote:  Shane Stanford speaking on the topic of Generosity
Cost:  $25 Per Person or $250 Per Table

This will be a great event to celebrate how God is moving through generosity. Memphis is unique in national giving statistics and Hope is proud to highlight all that is happening around us.

Hope Tops List of Memphis Granting Agencies in 2010

The Commercial Appeal spotlight shined on Hope this morning with the following article from Toby Sells.

Hope Christian Community Foundation gave $30 million to 200 nonprofit organizations in 2010, and while it wasn’t an annual record for the foundation, the figure made Hope the largest granting agency in Memphis.

Mike Harris, Hope’s executive director, noted that the foundation’s giving in 2010 was down from the $32million mark set in 2009. But, he said, “Our donors were very generous and our giving held up.”

Still, the donor pool remained a “mixed bag,” he said, in a recovering economy.

“A couple of our larger donors are companies that are still feeling the impact of the recession,” Harris said. “But individuals — the doctors, lawyers and professional people — their business must have picked up over last year, which put them in a better position to give.”

Hope gave more in grants in 2010 than did the Community Foundation of Greater Memphis, normally the largest donor-advised foundation in town. CFGM gave $26.3 million in grants in 2010.

Harris said Hope was not being “prideful” about being the largest grantor, and CFGM president Robert Fockler said there was no competition among Memphis foundations and was “thrilled” Hope did well last year.

He said CFGM gifts and grants are down nearly one-third from prerecession levels. That figure, he said, can almost be directly tied to the slumping stock market as gifts are typically from assets, not income.

“So, when (donors’) assets got hit — like they did in the stock market in 2008 — it takes awhile for that shock to wear off and takes awhile for their assets’ value to rebound,” Fockler said.

But Fockler and Harris agreed that things are looking up for 2011, both citing strong giving in December as a bellwether.

Individuals tend to delay giving until December, Harris said, as they begin to close the financial books on the year. He said giving in December 2010 was higher than the Decembers of 2009 or 2008.

Hope’s donors mainly direct their funds to Christian organizations working to serve the poor in Memphis or working to spread the Christian gospel in foreign countries.

Advance Memphis is one of those organizations. It provides job training and resources to the residents around the Cleaborn/Foote public housing development in Memphis’ 38126 ZIP code, once one of the nation’s poorest postal codes.

A Hope grant was directly responsible for a program that finds work and hires some of Advance’s toughest-to-place students, those with felonies, for example. But it’s not all about the money, said Advance’s executive director, Steve Nash.

“It’s also the network and introductions we get (from Hope) that are valuable as well,” Nash said. “We get introductions to business men and women and leaders in the city that become volunteers and connect us to resources that become jobs (for Advance students).”

— Toby Sells: 529-2742

Hope Christian Community Foundation
Founded: 1998
Total grants: $175 million
Current assets: More than $100 million
Current funds: 300, ranging from $1,000 to more than $10 million
Online: hopeccf.org

Find out more about Advance Memphis at http://www.advancememphis.org/

Celebrate Generosity In Memphis 2010

Is generosity in Memphis contagious?  From where we are sitting, we know it is.

The Hope Foundation is excited to announce our annual luncheon with a focus on Generosity in Memphis.  On Tuesday, November 2nd we say “thanks” for the giving in Memphis.  Bryan Lorrits from Fellowship Memphis Church will be our keynote speaker on the topic of generosity.  We are also proud to highlight giving testimonies from Hope donors.

What:  Celebration of Generosity in Memphis
When:  November 2, 2010; 11:30 – 1:00 PM
Where:  Holiday Inn, University of Memphis Campus, 3700 Central Avenue, Memphis, TN‎ 38111
Keynote:  Bryan Loritts speaking from Matthew 25:31-46, “Engaging the Less Fortunate”
Cost:  $25 Per Person or $250 Per Table


If you would like to use your Hope donor advised fund to sponsor a table, please contact Hope at 901.682.6201 or please purchase a ticket using this page and print your reciept to bring to the event.

This will be a great event to celebrate how God is moving through generosity. We would like to encourage you to invite your pastor and financial advisor to join us.  Memphis is unique in national giving statistics and Hope is proud to highlight all that is happening around us.

Giving Beyond the Check

The average American’s wealth is comprised of only 7% cash. The other 93% is in stocks and non-cash assets such as real estate, business interests, personal property and precious metals. But most giving is done by cash and check – the smallest part of a givers net worth. Give non cash assets to give more and save taxes without reducing your life-style.

There are three primary uses for money: give it to charity, spend it on lifestyle or pay taxes.

Normally, if you want to increase giving, you have one option: cut into lifestyle expenses as shown below. With asset based giving, you can increase your giving by reducing your taxes. This is wiser stewardship and it is possible by simply changing what you give rather than how much you give.

By donating assets instead of income you are able to accomplish many desirable financial goals.

  • Less to taxes –by donating non-cash assets first – rather than selling them first, paying taxes and giving proceeds – you receive charitable deduction for full market value and avoid capital gains taxes
  • More to ministry –the taxes you save go to ministry
  • Wiser stewardship –by changing what you give rather than how much you give

    Download and print out the above information in an easy-to-share pdf.  Giving Beyond the Check [pdf]

    Celebration of Generosity in Memphis

    Hope Foundation Sees Significant Donation Boost

    The largest Christian community foundation in the United States, it has assets of about $55 million, but its strategy is to share that wealth rather than build endowments. It is on track to break records in 2009. For the first nine months of this year, the foundation has received $24 million, an increase of 18 percent from the same period a year ago.

    “The Hope Foundation is just a conduit for people to give their money through,” said Mike Harris, president of the foundation.

    [pullquote_right]“This is what is remarkable about our donors. They have increased giving in 2008 and increased giving in 2009, in years that are obviously challenging. Most other nonprofits have seen a decrease in giving.”
    – Mike Harris
    President, Hope Christian Community Foundation[/pullquote_right]

    The people who support the foundation – almost 400 of them – dined on turkey and dressing at the “Celebration of Generosity Luncheon” last week, but thanksgiving prayers occur throughout the year for those involved in the organization.

    Wealth, Health and Wisdom

    Alan Barnhart gives thanks because he and his brother, Eric, are able to share the profits from Barnhart Crane & Rigging. They have given $1 million a month to Christian charities in the past two years.

    “I didn’t want financial success in business to be spiritual failure in life,” Barnhart told the attendees at the luncheon.

    Another personal testimony came in the form of a videotape. David Montague, who once worked as an investment broker and now serves as director of Memphis Teacher Residency, told how taking a one-year sabbatical from excess spending changed his life.

    In a follow-up interview Monday with The Daily News, he said people with affluent lifestyles become enslaved to their incomes.

    “The sabbatical year trains you or reminds you that the whole point is not to live to the absolute highest degree that your income can afford you,” Montague said. “That’s a great lesson to learn, how to live beneath your means. This is gospel. By definition, Christ lived beneath his means. He was downwardly mobile for the sake of other people.”

    Practicing What They Preach

    Founded only 11 years ago, Hope Christian Community Foundation has experienced impressive growth in donations. It supports educational initiatives, youth programs, churches, families and international missions.

    “We serve about 250 donors through managing what we call donor-advised funds, which is the functional equivalent of a personal foundation,” Harris said. “These are families, individuals and companies that have funds with us. Our founding Bible verse was ‘seeking the peace of the city,’ Jeremiah 29:7.

    “We have broadened that to include the world, obviously. The idea is that our donors are investing in Christian ministries because they can transform lives, and that’s the bottom line to our foundation.”

    Giving last year totaled $34 million, up from $19 million in 2007, he said, and donations this year are on track to surpass last year.

    “This is what is remarkable about our donors,” Harris said. “They have increased giving in 2008 and increased giving in 2009, in years that are obviously challenging. Most other nonprofits have seen a decrease in giving.”

    Barnhart Crane & Rigging is one of the biggest contributors. Alan Barnhart said he and his brother decided to enact safeguards when they bought the business from their parents to keep wealth from taking over their lives.

    “The first year of our business we actually made a little money,” Barnhart said. “We were so excited to be able to give away up to $50,000.”

    The business has grown at the rate of 25 percent a year for the past 23 years.

    “We’re 100 times as big as we were when we started,” Barnhart said. “We’ve gone from being able to give away tens of thousands of dollars to hundreds of thousands, and a few years ago, we got to the point where we could give away $1 million a year.

    “One of our guys said, ‘Why don’t we stretch the goal and give away $1 million a month?’ In 2008 and again in 2009, we were able to meet that goal.”

    Giving has allowed the Barnhart family to live more simply than most successful businesspeople, but Alan Barnhart said they have enjoyed a greater degree of freedom and other blessings.

    “It’s been much more fulfilling to be a giver than it would ever have been to be a consumer,” he said. “It has been much more freeing to be a steward than it would ever have been to be an owner.”

    The above article was published in the Memphis Daily News by Tom Wilemon

    Although Hope did not record Alan Barhart’s Generous Testimony, the following is a similar testimony he shared recently at a Generous Giving conference.