In 2006, Dr. Jack Hayford visited the headquarters of the Assemblies of God and was introduced to AG Financial Solutions (“AGFS”). This resulted in a presentation by the AGFS planned giving team to the ICFG Board in November of 2006.
After a considerable period of diligence, it was determined that a Foursquare planned giving effort should be initiated under the auspices of the Foursquare Foundation. In November 2008, Greg Campbell (former CEO of Foursquare Financial Solutions, who served from 2011 to 2012) made a proposal to the ICFG Board, which was approved, and Foursquare Financial Solutions was born.
The Foundation entered into a Planned Giving Agreement with AGFS, with AGFS providing the Foursquare Foundation management of back office administration, field consultant training, and field support as well as AGFS executive team assistance in establishing Foursquare Financial Solutions. In return for these services, the Foundation invested $10 Million in the AG Loan Fund.
In February of 2010, Interim President Glenn Burris established a task force to evaluate the benefits, opportunities, and challenges of setting up a similar organization and potential next steps. Members of the task force included: Glenn Burris, Greg Campbell, Tammy Dunahoo, Sterling Brackett, Jonathan Hall, Ken Swett, Eric Hulet, Harlyn Matson, Jeff Stewart, Ron Thigpenn, Jonathan Phillips, Gene Ulrich, Adam Davidson, Bill Chaney, and Bruce Dow (ad hoc). Additionally, Randy Barton (AGFS founder and CEO of 14 years) served as an advisor.
Through a series of meetings in 2010 and 2011, substantial due diligence was conducted, and strategies, opportunities, and challenges were identified.
After significant consultation with the CEO and CFO of AGFS, the task force prepared and presented a proposal to the ICFG Board in June of 2010. In September 2010, the governance committee and ICFG Board met and a formal FFS Committee was established, with that Committee meeting with the ICFG Board in January and February 2011. In February 2011, the ICFG Board approved presenting the proposal to the Cabinet for discussion. In June 2011, the Cabinet approved their proposal, and Foursquare Financial Solutions was born.