A proposal to pursue the establishment of Foursquare Financial Solutions (FFS), an entity designed to provide comprehensive fiduciary oversight of Foursquare’s financial services, was approved by the 2011 convention body. Both the cabinet and the executive council previously accepted the proposal; it will now go back to the board of directors, which will finalize the details regarding this new financial component.
The proposal to establish FFS came at the end of more than a year’s research and investigation by a task force that was empowered by the board of directors.
FFS will be under the control of the International Church of the Foursquare Gospel (ICFG), and provide oversight and management of the following: all planned and estate giving activity, such as charitable trusts, gift annuities, estate, trustee, and fiduciary services; the new FFS loan fund; retirement services; insurance services; Foursquare Foundation; investment services; and central office-owned income properties. Having all these services under one entity will greatly enhance both effectiveness and efficiency.
Dr. Greg Campbell, who led the FFS task force, states that this is another step in providing resources to accelerate the mission of The Foursquare Church. President Glenn Burris affirms that having a comprehensive entity such as FFS will provide a new revenue stream that will help lessen the dependence on tithe income to fund central office administrative costs.
As the concept of establishing FFS is defined and implemented, more information will be provided. To learn more about FFS, download the following documents:
- Foursquare Financial Solutions FAQs (PDF, 2 MB)
- A New Financial Model (Foursquare Financial Solutions) (MP3, 60.4 MB)