The Foundation's Church Loan Fund (also known as the Pooled Mortgage Fund) is comprised of first mortgage church and related agency loans. Interest income is the objective and interest rates fluctuate monthly due to interest rate changes, borrowers' early payoff of principal, or fluctuations in payment schedules.
This common fund is appropriate for mid-term and long-term investment for designated funds, endowments, trusts, and annuities.
The principal deposits to the fund are maintained as a stable dollar value and variable interest is credited to accounts each month.
Interest earned in the Church Loan Fund may be withdrawn with 30 days notice and we request that principal not be withdrawn for a five year deposit period.
For more information, contact the Foundation.
