Sound Footings — Fall 2023
Greetings Virginia Conference members and affiliates!
Members of our staff recently returned from the Denominational Investors and Loan Administrators (DILA) Conference, an association of seasoned leaders who convene annually to discuss common challenges – in recent years a combination of post-pandemic recovery, denominational change, and financial headwinds caused by rising interest rates and inflation. The meeting confirmed that the Foundation and DevCo have taken the proper measures to maintain ongoing financial stability. Both organizations’ operating revenues continue to exceed operating expenses, and liquidity remains adequate to meet short and long-term obligations.
This year the meeting was held in Utah. I took a few days of vacation beforehand to explore Zion National Park and Bryce Canyon National Park. Among the many attractions in Zion are The Narrows, where hikers forge a shallow stream at the bottom of a gorge. It had rained the day before, and although conditions were not ideal, my hike offered the perspective the area is famous for, as well as a reminder: sometimes it’s necessary to wade into murky waters to see what lies ahead.
It’s important that our leadership takes a long-term view in anticipation of continued denominational changes. By the time this newsletter is released, the Conference will have considered its final round of disaffiliation requests under Section 2553. When the lists of such requests become available, we review them to contemplate how the Foundation and DevCo could be affected. While we would prefer that there be no disaffiliations at all, we acknowledge their existence and our commitments to our clients, including those who may choose to depart the denomination. As a servicing organization of the Virginia Conference – our continuing obligation is to maintain financial stability for its members, churches and ministries. We’re in excellent financial position to do that.
Now we turn our attention to future growth. In our visits to churches, we continue to be reminded that these are the places where ministry comes to life. Our pledge is to support the ministry of the UMC, even as its structure evolves. We are delighted when you invite us into your churches, and we come away encouraged that they remain vital parts of our communities. We appreciate our relationships with you and will continue to look for ways to support you in the future. Please let us know how we can help.
See you on the trail!