INDIANAPOLIS – The newly formed United Methodist Foundation of Indiana, Inc. board of directors elected Manet Shettle, CPA, of Alexandria, Ind., as its new president effective Oct. 1, during a meeting at the Indiana United Methodist Conference Center, Thursday, Sept 16. The foundation becomes a new entity on Jan. 1, 2011.

As the chief executive officer of the new foundation and of the Indiana United Methodist Loan and Savings Ministry, Inc., Shettle will be responsible for managing nearly $68 million in assets. Approximately $50 million of those assets are held as agent for partner churches and institutions, or are from the Lilly Endowment grant for the support of the Rejuvenate program. Most of the remaining funds are endowed for specific needs, ministries or congregations, according to a foundation report to the church’s 2010 Indiana Annual Conference session of The United Methodist Church.

During a national search and three-month selection process, Shettle was considered along with numerous candidates from across the country.

Upon her naming, Shettle said she was very excited both for the opportunity to help create this new ministry, as well as to develop its new relationship with the Indiana Annual Conference.

When asked about the direction in which she would like to see the foundation go, she said, “I would definitely like to see the foundation develop a comprehensive ministry that is integrated within the conference. Now that the foundations have been merged, we will have the resources to provide for in-depth services. I hope to keep (current) services available while we analyze what we can do to add new services. The merging process has taken several years and the process has been well developed. The process has not ended, but follows down a path God has been leading.”

Since 2008, Shettle has served as the executive director of the North Indiana United Methodist Foundation, Inc. and the Indiana United Methodist Loan and Savings Ministry, Inc. She has been an employee of the NIUMF for the past 15 years. Prior to that, she was self-employed and also served earlier as an audit manager for STAR Financial Bank and the firm of Ernst and Whinney, LLC.

Shettle holds a bachelor’s degree in accounting from Ball State University in Muncie and is a member of the National Association of United Methodist Foundations, the Indiana CPA Society, the American Institute of Certified Public Accountants and Tri Kappa Sorority, Lambda Chapter.

Settle is an active member of the First United Methodist Church in Elwood, where she currently serves as lay leader. In the past, she has served as church treasurer, evangelism chair, youth leader and volunteer coordinator. She also serves as the church’s North Central District lay leader, as a lay member of the Indiana Annual Conference and member of United Methodist Women. In Elwood, she has taken leadership roles in the YMCA and youth sports.

Shettle is married to Pat Shettle. They are the parents of two children: Rachel, who is a junior in college, and Kevin, who is a junior in high school.

Directors of the new foundation include: Nancy Armstrong, Dixie Arter, Forest Bowers, Rick Childs, John Clay, Bishop Mike Coyner, Jim Gentry, Julie Goldsberry, Tom Heck, Walt Koon, Glenn Larson, Jay Love, Mary Miller, Mitch Norwood, Nancy Raidy, Gene Robbins, Jim Shaw, John Stroh, Roger Summers and DeVon Yoho.

“I would definitely like to see the foundation develop a comprehensive ministry that is integrated within the conference.”

– Manet Shettle