Baptist Community Ministries

Baptist Community Ministries

Baptist Community Ministries was established in 1995 after the sale of Southern Baptist Hospital. Inman J. Houston serves as president and CEO. The foundation's wealth originated in healthcare asset liquidation and remains dedicated to the same five-parish region. BCM allocates across public equities, fixed income, real estate holdings, and private equity. Public equity positions include large-cap, small/mid-cap, international, and index funds totaling over $216 million. Fixed income portfolios exceed $49 million. Real estate assets encompass headquarters property valued near $10 million, REIT holdings, limited partnerships, and an alternative real estate portfolio. Private equity exposure stands at 11.89 percent of assets. Geographic focus remains the United States with primary deployment inside Louisiana. Total assets reach $335 million. The organization maintains no additional offices. It participates in Philanthropy Southeast and the New Orleans Business Council. Board members include H. Merritt Lane III of Canal Barge Company, Guy Williams of Gulf Coast Bank & Trust, and John Kallenborn of J.P. Morgan Chase. No operational events from the last 24 months appear in available records. BCM operates as a grantmaking foundation whose investment committee reports to a board drawn from local business leadership. This governance model links asset allocation decisions to the original hospital-sale mandate and regional health objectives.