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We're Committing 100% of Profits to Faith-Based Charities

Posted on November 29, 2012 by Family Christian There have been 4 comment(s)

Family Christian Management Team Partners with Christian Businessmen to Acquire National Retailer

New Ownership Commits 100% of Profits to Faith-Based Charities.

Family Christian, the nation's largest Christian retail chain with 280 stores in 36 states, announced today that its management team has partnered with a group of Atlanta-based Christian businessmen to acquire the company from its private equity owners. Terms of the transaction were not disclosed.

Under the new ownership, Family Christian's pledge is to contribute 100% of its profits to Christian causes and, specifically, ministries serving widows and orphans both in the U.S. and abroad. Family Christian has always been committed to providing resources for the Christian community, but the new ownership structure will allow the organization to not only equip Christians in their daily walk, but to increase the organization's impact by providing substantial financial support to faith-based causes.

"The management team and our investors are buying Family Christian because of our shared belief that the Company is uniquely positioned to be both a best-in-class Christian retailer and a significant source of financial support to help those in need,” said Cliff Bartow, President and CEO of Family Christian."While we have long been committed to giving to Christian causes, we felt called to multiply our impact. We have been on a journey for several years to find potential like-minded Christian owners who share our passion and calling, and believe it's the providence and sovereignty of God that we met and now partner with our new co-owners.”

The investment group is comprised of three Atlanta-based Christian businessmen, each of whom give substantially of their time, talent and treasure to Christian ministries, including several focused on orphan, foster care and adoption causes. Richard L. Jackson is the founder and CEO of Jackson Healthcare, the nation's third largest healthcare staffing company, and is deeply committed to bringing hope and opportunity into the lives of undeserved children. Jackson serves in a number of ways including as the Chairman of FaithBridge Foster Care. Larry Powell is the president of Powell Family Enterprises, LLC, a private equity investment company and is actively involved in a number of ministries, including serving as Chairman of the Board of Generous Giving. Michael Kendrick has used his success in investment banking as a catalyst for founding, developing, and funding organizations dedicated to Christian service, including Blueprint for Life and Ministry Ventures, a non-profit organization dedicated to launching new ministries.

"Each of these men have been blessed with professional success and share a mutual calling to give back to help those in need. This alignment of business acumen and Christian calling led them to the collective decision to join with us to acquire Family Christian and move it from an organization that contributes 10% of its profits, to one that contributes 100% of its profits to faith-based charities and ministries,” said Bartow."It is the hope of all involved that this transition can be a model of Christian business and ministry excellence that can be replicated by other organizations that wish to use their business resources to maximize Kingdom impact.”

Family Christian reported that while its ownership structure and financial purpose has changed, there will be no impact on its core operations, stores or staff. The company has ambitious plans to grow its revenue and increase financial support for faith-based ministries around the world. This includes maintaining store update efforts and looking at new product assortments and resources to better meet the lifestyle needs of customers. Family Christian will continue to carry a wide assortment of Christian products ranging from Bibles, gifts and home décor to books, children's and family resources.

"We are excited about what this ownership change means for our customers, staff and vendor partners who join us in the ongoing Christian pursuit of putting faith into action,” said Bartow."In many ways, we are returning to our roots as a Christian family-owned business focused on making a significant impact in helping those in need. Since our founding in 1932, we have established a relationship of trust and safety with our customers, while enjoying a reputation for providing great service and quality products. We intend to continue to uphold the high level of retail excellence, while applying the full operational and financial resources of the Company for the benefit of widows, orphans and foster children and Christian charities – all for God's glory.”

William Blair & Company, LLC acted as exclusive financial advisor to the investors.


This post was posted in Missions and was tagged with Featured, The James Fund, Orphans, Widows

4 Responses to We're Committing 100% of Profits to Faith-Based Charities

  • Hello. I was reading over the article posted and God pressed upon my heart to go ahead and ask for help. My name is Stefanie Steele. I am a stay at home mom with 5 children. Times are financially very difficult for our family but God has placed a passion in me help orphans. Please help me to help an orphan. I am working with Project 143 to host an orphan child to come to the U.S. from Ukraine for Christmas and stay for 4 weeks with my family. We want to share our love and Christ's love with an orphan. I have to raise $2000 by Friday to bring a precious 13 year old girl here for Christmas. Her name is Yana. Money does not need to come to me it can go directly to Project 143. Just give the girls' name as the child to be hosted, or give my name as the host parent.

    We won't be able to provide an big Christmas but we can provide a family for this child over the holiday. We want our children not to be focused on presents and themselves but others that are with out.
    Please help us help an orphan.

    www.p143.org

    Posted on December 4, 2012 at 4:10 pm

  • Hello,

    Would you and the Family Christian bookstore team like to help the Global Projects team help rebuild Haiti. If so please contact me. I am Elayna Tucker 20 year old single mother who is trying to help the Haitian nation, through God's love. I am trying to go on a mission trip to Haiti, but I need to raise $1200 before December 23, 2012. So if you could help me, or you can help by donating bibles, school supplies, toys for Christmas and more if you want to learn more please contact me.

    Thank you,

    Elayna Tucker

    Posted on December 11, 2012 at 3:19 pm

  • Elayna,

    We thank you for considering Family Christian as a potential donor for your Global Projects trip to Haiti. Family Christian receives a large number of donation requests daily to aid in a variety of very good projects in different areas of the world. Due to the heavy volume of requests we receive we are unable to fulfill individual donations. We do all of our charitable giving to the James Fund and partnering organizations to fulfill our organizational vision, mission a values to help orphans and widows in their distress.

    May God bless your mission efforts and provide the resources needed, within the required time. May God bless you as serve His children in Haiti.

    Family Christian

    Posted on December 12, 2012 at 4:55 am

  • This makes me so happy! I just read this today, and especially after the horror of the last week in the aftermath of the Sandy Hook shootings, this is such an affirmation that our God is so good! You gentlemen are doing such a wonderful thing...thank you all so very much! Merry Christmas!!!

    Posted on December 20, 2012 at 10:40 am

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