Our Mission
The mission of LifeSprings is to assist entrepreneurs in acquiring profitable businesses and funding for new or underfunded ventures. We also help create viable business plans, apply for patents if needed, assist in creating franchise plans, and offer business-related assistance.
Our Story: Helping Entrepreneurs since 2009
LifeSprings was born out of a passion for fulfilling the great commission. The vision of United Pentecostal Church International (UPCI) is to Reach The Whole World with The Whole Gospel by The Whole Church. Funds must be available above tithes, offerings, and special fundraising to accomplish this. The creation of LifeSprings is to help individuals who want to start or acquire businesses, and it could give gifts of net worth from businesses to fulfill the vision of the UPCI and the great commission.
There was no legal structure for the first five years, from February 2009 at the first meeting until December 2014. LifeSprings was simply a fellowship of individuals who wanted to help others. The first structure was LifeSprings LLC, established December 24, 2014. It was determined that we needed a LifeSprings non-profit to hold gifts of assets to fund future business startups and acquisitions. June 20, 2020, LifeSprings Charitable Trust received IRS approval as a 501 c 3 tax-exempt organization.
LifeSprings Charitable Trust holds stocks and funds donated to give gifts and invest in entrepreneur companies by assisting new startups and acquiring corporations to create income to fund Endowments in the United Pentecostal Foundation (UPF) for Missions, Humanitarian and Education ministries of the United Pentecostal Church International.
There is no other vehicle endorsed by the UPCI at this time to engage entrepreneurs and corporations to make major gifts of this type. The application was approved in October 2020 as an endorsed ministry of the United Pentecostal Church, Intl. As an endorsed ministry, annual financial reports are made to the General Board.
The Trust is organized to promote, encourage, and foster religious, charitable, educational, or nonprofit activities; to accept, hold, invest, reinvest, and administer any gifts, legacies, bequests, devices, funds, and property of any sort or nature, and to use, expend, or donate the income or principal thereof to fulfill the mission of the Trust.
LifeSprings' goal is to assist in acquiring profitable businesses, acquiring funding for new or underfunded ventures, helping create viable business plans, applying for patents if needed, creating franchise plans, and offering business-related assistance.