Finances
The Fellowship Foundation, which since 1935 has conducted no public fundraising programs, relies totally on private donation. In 2007, the group received nearly $16.8 million to support the 400 ministries. Among the Fellowship's key supporters are billionaire investor Paul N. Temple, a former executive of Esso (Exxon) and the founder of the Institute of Noetic Sciences and the Three Swallows Foundation. Between 1998 and 2007, Three Swallows made grants totaling $1,777,650 to the International Foundation, including $171,500 in 2004, $203,500 in 2005, and $145,500 in 2006.
Another supporter, Jerome (Jerry) A. Lewis, established Denver-based Downing Street Foundation to provide support to three organizations: the Fellowship Foundation, Denver Leadership Foundation, and Young Life. Between 1999 and 2007, Downing Street donated at least $756,000 to the Family, in addition to allowing the group to use its "retreat center."
Madelynn Winstead, a Downing Street director, was paid $21,600 by the Fellowship Foundation as managing director of the retreat center.
The Kingdom Fund (Kingdom Oil Christian Foundation t/a Twin Cities Christian Foundation) also provides support to the Family and World Vision.
The Fellowship Foundation earns more than $1,000,000 annually through its sponsorship of the National Prayer Breakfast.
Read more about this topic: The Fellowship (Christian Organization)