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Foundation, Religious.

A nongovernmental, nonprofit organization with a principal fund of its own managed by trustees or directors, est. to maintain or aid religious activities serving the common welfare. Both charitable trusts and corporations are included. Foundations are a phenomenon of the 20th c. There was mushroom growth of foundations in the 1940s and even faster growth in the 1950s. By 1964 there were ca. 15,000 philanthropic foundations in the US Some support only religious endeavors; others administer religious grants as part of a more comprehensive philanthropic program.

In 1962, $46 million was granted for religious purposes by US foundations, totaling 6% of foundational philanthropy. Larger foundations granted a proportionately smaller percentage of total endowment to religious endeavors than did smaller foundations. Larger foundations (assets exceeding $10 million) administered 2% of total grants for religious work; smaller foundations (assets under $1 million) contributed ca. 20% to religion.

Religious grants vary widely in nature and purpose. In 1962 the larger foundations contributed ca. $5 million to religious causes. 36% of this total went to theol. sems., 27% to religious welfare agencies, 14% to religious educ., 11% to ch. and temple support, 12% to other agencies. Smaller foundations contributed ca. $41 million in a parallel pattern but including theol. scholarships, miss. support, religious hospitals, and other religious causes.

Foundations include Prot.: Cook, Elgin, Illinois; Christian, Columbus, Indiana; Lilly, Indianapolis, Indiana; Luce, New York, New York; Mabee, Tulsa, Oklahoma; Davis, Pittsburgh, Pennsylvania; Jarman, Nashville, Tennessee; Oldham Little Church, Houston, Texas; Sealantic, New York, New York; Moody, Galveston, Texas Meth.: Duke, New York, New York Presb.: Campbell, Atlanta, Georgia Mennonite: Schowalter, Newton, Kansas Gk. Orthodox: Taylor, New York, New York RC: Doheny, Los Angeles, California; Dorum, San Francisco, California; Raskob, Wilmington, Delaware; Cuneo, Chicago, Illinois; Murray-Macdonald, New York, New York Jewish: Fischel, New York, New York Unspecified: Merrill, Ithaca, New York; Atkinson, San Francisco, California; Hazen, New Haven, Connecticut; Danforth, St. Louis, Missouri; McDonald, Hastings, Nebraska; Anglican, Garden City, New York; Booth Ferris, New York, New York; James, New York, New York; Teagle, New York, New York; Kresge, Detroit, Michigan JEG

See also Foundation, The Lutheran Church-Missouri Synod; Center for Reformation Research.

Edited by: Erwin L. Lueker, Luther Poellot, Paul Jackson
©Concordia Publishing House, 2000, All rights Reserved. Reproduced with Permission

Internet Version Produced by
The Lutheran Church--Missouri Synod

Original Editions ©Copyright 1954, 1975, 2000
Concordia Publishing House
All rights reserved.

Content Reproduced with Permission

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