The Foundation is governed by a Session elected Board of Directors that consists of 13-16 members of Second Presbyterian Church, half of whom are required to be elders. The Foundation supports ministries and activities that have been approved by the Session of the Second Presbyterian Church. The exception to this policy allows a portion of donor advised funds to be granted to other causes consistent with the Christian mission and approved by the board. The officers and directors of the Foundation receive no compensation.
The primary sources of gifts to the Foundation are estate bequests, gifts through living trusts, memorials and special use gifts. Second members have provided outstanding support to the Foundation as assets have grown from $3.3 million at inception to $25 million after providing support to ministries and activities in excess of $17 million.
The ministries and activities supported by the Foundation are focused on educating and training future Christian leaders such as seminary student support, funding for pastoral, youth and music ministry interns as well as support for MCUTS (Memphis Center for Urban Theological Studies). Ministries supported around the world include covering the costs of indigenous missionaries and church planters in Cambodia, India, the Muslim world, Ukraine and adjoining countries, China, Italy, Africa, Argentina, the Netherlands, and the Czech Republic.
Local ministry efforts supported include Families Matter, Advance Memphis, Alcy Ball Development Corporation, SuCasa, and Esperanza to name a few.
Creation of the Foundation was approved by the Session as well as the members of Second as the successor organization for the historic ”Wills and Endowment“ Committee of the Session.
Additionally, a separate Second Presbyterian Church Realty Foundation exists for the purpose of accepting and converting real property to cash. Upon that task being completed, funds are granted to the Second Presbyterian Church Foundation.