Wednesday, December 04, 2013

Sutton Turner explains what the Mars Hill Foundation for Planting Churches is

Earlier at Wenatchee The Hatchet we noted the emergence of the Mars Hill Foundation for Planting Churches, which was also noted in a recent comment.  See the listing for Washington States' Secretary of State listing:

http://www.sos.wa.gov/corps/search_detail.aspx?ubi=603349072

UBI Number603349072
CategoryREG
Profit/NonprofitNonprofit
Active/InactiveActive
State Of IncorporationWA
WA Filing Date10/30/2013
Expiration Date10/31/2014
Inactive Date
DurationPerpetual

The usual/expected registered agent appears:

Agent NameC T Corporation System
Address505 Union Ave Se Ste 120
CityOlympia
StateWA
ZIP98501

and the governing persons are no surprise:

Governing Persons
TitleNameAddress
DirectorDRISCOLL, MARK1411 NW 50TH ST
SEATTLE, WA 98107
DirectorBRUSKAS, DAVID1411 NW 50TH ST
SEATTLE, WA 98107
DirectorTURNER, JOHN1411 NW 50TH ST
SEATTLE, WA 98107

So what is the foundation for?  Maybe Sutton Turner can field this one.

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Mars Hill | New Discussion Topic


Pastor Sutton Turner
From Pastor Sutton Turner:
Proverbs 13:22a says, “A good man leaves an inheritance to his children’s children.” As much as this text applies to monetary wealth, I firmly believe that this also applies to a spiritual and godly inheritance: A legacy of the gospel. We want people who have been saved by Jesus to raise children who love Jesus, who raise children who love Jesus, who raise children who love Jesus. This is also true of our mission of church planting. We want to plant churches who plant churches who plant churches. This takes thinking beyond our own generation. It takes thinking outside of ourselves, our comfort, our prosperity.
 
We have now officially begun the Mars Hill Foundation for Planting Churches! This is huge for Mars Hill Church and is such a giant step toward ensuring that we are not a one-generation church. This will be available for you, our Mars Hill Church family, as well as our Extended Family of Mars Hill who want to give above and beyond what they currently are.
 
Donations to the Endowment Fund will be invested for church planting and replanting, including capital improvements, such as real estate due diligence, purchasing real estate, remodeling buildings, new construction, furnishings, audio/visual/lighting/acoustic upgrades, and equipment. The funds may also be used for any operating expenses in the first thirty-six months of a church plant or replant, such as staffing costs, training, debt service, and utilities.
Each church that benefits from the use of the funds will repay the Endowment through an amortization schedule established at each Mars Hill church plant. This will enable our church plants to then support new, additional church planters through the Endowment Fund. And the legacy will continue. For example, let’s say a donor gives $500,000 to the Endowment Fund in 2013. The Endowment Fund then uses $100,000 to launch Mars Hill Tacoma. Tacoma uses $30,000 for a new projector, $30,000 for a new roof, and $40,000 for new bathrooms. Then over the next five years—while Jesus is being proclaimed and people are getting saved and lives are being changed—Mars Hill Tacoma pays the $100,000 back to the Endowment Fund along with 6 percent interest. Then, in 2018, the Endowment Fund now has $115,000 to launch the next Jesus-preaching church plant.
 
You can donate to the Foundation by going to marshill.com/give and select “Foundation/Endowment Fund” in the pull-down menu. Checks can be written to the Mars Hill Foundation for Planting Churches, and denote Endowment in the memo line. We are so excited about this development and what it means for generations of church-planting efforts. Please pray and ask God if he would have you leave a spiritual inheritance for our children’s children in America and across the world.
For more information, visit marshill.com/foundation.

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Per the link to marshill.com/foundation

Endowment Fund
The aim of the Endowment Fund is to create a fund that repays itself and plants churches in perpetuity. Donors give to a restricted fund where the principal corpus can be lent to local churches for their church-planting expenses. Once the church is planted, the funds are paid back to the Endowment Fund over a 5- to 10-year period. The beauty is that each church plant effectively funds the next. Donations are tax deductible.

Then there's also this:

Mars Hill Church Investment Fund, LLC

http://www.sos.wa.gov/corps/search_detail.aspx?ubi=603353130

UBI Number603353130
CategoryLLC
Active/InactiveActive
State Of IncorporationWA
WA Filing Date11/26/2013
Expiration Date11/30/2014
Inactive Date
DurationPerpetual

The expiration date for Mars Hill Church looks like it's 12/31/2013 here
http://www.sos.wa.gov/corps/search_detail.aspx?ubi=601677819
UBI Number601677819
CategoryREG
Profit/NonprofitNonprofit
Active/InactiveActive
State Of IncorporationWA
WA Filing Date12/22/1995
Expiration Date12/31/2013
Inactive Date
DurationPerpetual

Presented for your consideration, in case it might be of interest.

1 comment:

Anonymous said...

The endowment fund allow the money to be used for operating expenses for plants and replants. So, as it did on 2008, MH could replant itself, and tap into this fund for 36 months. These guys are savvy.