Record Account Opened at Nazarene Foundation

The Church of the Nazarene Foundation recently accepted in excess of $5,000,000 for management on behalf of an undisclosed not-for-profit organization organized to promote Nazarene ministries in the United States. This is the largest Investment Management Agreement (IMA) account opened since the inception of the Foundation in June of 2004. "We certainly appreciate what this agreement says about the growing trust and confidence that our ministry partners have in the Foundation. Our responsibility to our donors and account holders is something we are conscious of each day and we work diligently to earn that trust" said Dr. Mel McCullough, President of the Church of the Nazarene Foundation.