By Louisiana Baptist Foundation staff
ALEXANDRIA, La. (LBF) – The Louisiana Baptist Foundation Board of Trustees met June 23 to conduct the business of the entity, with Ray Swift, director of pastoral leadership for Louisiana Baptists, providing a devotional message rooted in Psalm 13.
INVESTMENTS
Representatives from Graystone Consulting presented their report to the Board, highlighting the Foundation’s overall growth in its investments, ongoing adherence to its investment policies and discussing market forecasts for the remainder of the year. Jared Price, the Foundation’s Executive Director, reported that as of May 2026, the entity’s assets under management had exceeded $339 million, the annualized yield for the short-term fund was 4.5 percent and the group investment fund’s year-to-date performance was 7.6 percent while its trailing 12-month performance was 16.9 percent.
AUDIT
The Board approved the independent audit, presented by Becca Nation, certified public accountant with Payne, Moore & Herrington in Alexandria, which stated that the Foundation’s financial statements presented fairly, in all material respects, the financial position of the entity as of Dec. 31, 2025.
OPERATIONS
Price reported that as of May, operational expenses remained under budget, and reserves were in a healthy position.
STRATEGIC PLAN
Price also reported on the Foundation’s progress toward its strategic plan to advance the Kingdom by $200 million in 20 or fewer years by facilitating charitable gifts, managing money and providing other services that strengthen Louisiana Baptist churches and ministries. He noted that from July 2020 through May of this year, the Foundation has helped to advance the Kingdom by over $132 million. Price shared additional remarks regarding future plans for realigning systems, services, and practices for simplicity, efficiency and overall progress.
RECOGNITION
The Board concluded its meeting with a recognition of outgoing board member Kay Fleming and retiring staff member Kim Deville.
“The Louisiana Baptist Foundation remains thankful for the support of Louisiana Baptists and remains committed to advancing the Kingdom: one dollar at a time, one ministry at a time, one life at a time,” Price said.
