2007 - Mustard Seed Foundation
2007 - Mustard Seed Foundation
2007 - Mustard Seed Foundation
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<strong>2007</strong> Overview<br />
The <strong>Foundation</strong>’s expenditures totaled $9.4 million in <strong>2007</strong>, roughly 15 percent more than 2006.<br />
Approximately 86 percent of these funds were given to individuals, churches, and Christian<br />
organizations through over 1,700 scholarships and 1,000 grants. The remaining 14.4 percent, or<br />
$1,352,246, was used to administer this work through an international team of 16 staff located<br />
in eight countries around the globe.<br />
Nearly 53 percent, or “$4,946,676, of total operating expenditures was given through grants<br />
primarily to local churches in major urban centers worldwide. Granting remains the primary<br />
giving area and continued to grow in its share of our total expenditures in <strong>2007</strong>. The <strong>Foundation</strong><br />
divides granting into eight geographic regions. The percentage of granting in North America<br />
continued to fall relative to 2006, primarily due to intentional limits placed on giving in<br />
the United States. As a result, Europe was the largest granting region in terms of financial<br />
investment, surpassing giving in North America for the first time.<br />
Scholarship giving was channeled through the Harvey Fellows, Theological Education, and<br />
Bakke Graduate University scholarship programs. Together these scholarship initiatives<br />
represent 31.1 percent, or $2,923,098, of our <strong>2007</strong> expenditures. While scholarships increased<br />
in total dollars, they remained constant as a percentage of total giving compared to 2006.<br />
The remaining two percent of our giving went to new or special initiatives of the <strong>Foundation</strong>.<br />
These included our new Theology of Work grant program, and matching personal gifts given<br />
by <strong>Foundation</strong> Board and staff to Christian organizations.<br />
<strong>2007</strong> Expenditures<br />
Scholarships 31.1%<br />
Administration 14.4%<br />
52.6% Grants<br />
Grants<br />
Africa ................ 7.5%<br />
East Asia ............. 4.5%<br />
Europe ..............13.2%<br />
Middle East .......... 2.8%<br />
North America .........13%<br />
South America ........ 2.2%<br />
South Asia ............ 6.4%<br />
Southeast Asia ........ 2.9%<br />
Scholarships<br />
Harvey Fellows ......12.4%<br />
BGU ................. 2.8%<br />
TE .................15.9%<br />
1.0% Matching Gifts<br />
Other Giving<br />
Matching Gifts ..........1%<br />
TOW ................ 0.9%<br />
Total Expenditures $9,406,936<br />
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