Womans Missionary Union Foundation

Organization Overview

Womans Missionary Union Foundation is located in Birmingham, AL. The organization was established in 1995. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. As of 12/2021, Womans Missionary Union Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womans Missionary Union Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Womans Missionary Union Foundation generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 7.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Womans Missionary Union Foundation has awarded 106 individual grants totaling $4,511,480. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE WOMAN'S MISSIONARY UNION FOUNDATION WAS ORGANIZED FOR THE PURPOSE OF MOTIVATING AND FACILITATING THE MAKING OF GIFTS, DONATIONS, AND BENEFACTIONS FOR THE ADVANCEMENT, PROMOTION AND MAINTENANCE OF WOMAN'S MISSIONARY UNION AND THE VARIOUS CAUSES FOSTERED, APPROVED, ENDORSED, PROMOTED OR OFFICIALLY SANCTIONED BY WMU AND THE RELATED STATE WMU ORGANIZATIONS, INCLUDING, BUT NOT LIMITED TO, MISSIONS EDUCATION AND ANY OTHER PURPOSES WITHIN THE SCOPE OF THE FOUNDATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION MANAGES APPROXIMATELY 122 SEPARATE FUNDS, ENDOWMENTS TOTALING OVER $23.2 MILLION, USED STRICTLY FOR THEIR EXEMPT PURPOSE. THE FOUNDATION ALSO SERVES AS THE INVESTMENT MANAGER FOR 24 RELIGIOUS ORGANIZATIONS WITH ASSETS OF $23 MILLION UNDER MANAGEMENT. GRANTS IN EXCESS OF $2.4 MILLION WERE PAID OUT DURING THE YEAR.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,475,060
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,475,060
Total Program Service Revenue$0
Investment income $341,281
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,087,312
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,264,026

Grants Awarded

Over the last fiscal year, Womans Missionary Union Foundation has awarded $1,200,079 in support to 34 organizations.

Grant RecipientAmount

WOMAN'S MISSIONARY UNION

Org PageRecipient Profile

Birmingham, AL

PURPOSE: GENERAL SUPPORT FOR RELIGIOUS EDUCATION & MINISTRIES

$779,837

BAPTIST WOMEN'S MISSIONARY UNION OF GEORGIA

Org PageRecipient Profile

Atlanta, GA

PURPOSE: GENERAL SUPPORT FOR RELIGIOUS EDUCATION & MINISTRIES

$49,769

INTERNATIONAL MISSION BOARD

Org PageRecipient Profile

Richmond, VA

PURPOSE: GENERAL SUPPORT FOR RELIGIOUS EDUCATION & MINISTRIES

$32,265

GLOBAL MARITIME MINISTRIES

Org PageRecipient Profile

New Orleans, LA

PURPOSE: GENERAL SUPPORT FOR RELIGIOUS EDUCATION & MINISTRIES

$30,000

NEXT LEVEL CHURCH

Org PageRecipient Profile

Slidell, LA

PURPOSE: GENERAL SUPPORT FOR RELIGIOUS EDUCATION & MINISTRIES

$28,000

Franklin, TN

PURPOSE: GENERAL SUPPORT FOR RELIGIOUS EDUCATION & MINISTRIES

$27,073
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Womans Missionary Union Foundation has recieved totaling $34,082.

Awarding OrganizationAmount
National Christian Charitable Foundation Inc

Alpharetta, GA

PURPOSE: EVANGELISM

$17,000
Community Foundation Of Greater Memphis Inc

Memphis, TN

PURPOSE: GENERAL OPERATIONAL SUPPORT

$10,200
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HUMAN SERVICES

$6,500
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$382
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$19,969,264
Earnings$2,836,913
Net Contributions$1,339,211
Grants$911,961
Ending Balance$23,233,427

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