In June 1991, the United Methodist Foundation of New England (UMFNE) was established by the former Maine, New Hampshire and Southern New England Annual Conferences of the United Methodist Church to serve New England United Methodism by:

• Assisting U.M. churches/agencies in the management of their reserve/endowed funds,

• Assisting United Methodists in making major gifts to benefit their local churches/agencies,

• Providing grants and financial assistance to support local church ministries that address direct human needs such as children and poverty.

UMFNE's Articles of Agreement allow it to administer funds entrusted to it by United Methodist institutions and agencies both within and outside the New England Annual Conference.

UMFNE is one of the largest U.M. Foundations in the denomination holding over $85 million in invested assets. We are the trustee for several trusts, gift annuities and a pooled income fund which total over $2 million. More than 360 churches in the New England Conference have placed their reserve and endowment funds with the Foundation. We also administer the Foundation Loan Program which serves the building and/or capital needs of U.M. churches throughout New England.

State Street Global Advisors, the top investment management firms worldwide with over $1.9 trillion in assets under management, is our current investment manager.  Charles Schwab Institutional serves as custodian for the assets of all UMFNE funds. 

Major Objectives:

• investment of reserve/endowment funds

• endowment development and planned giving

• financial and stewardship education

• missional loans and financial assistance/grants