REVIVE Series "WCA Resource Recovery Renewal Initiative WIF" - Greg Brooks
Wesleyan Covenant Wesleyan Covenant
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 Published On Jul 9, 2024

Bio: The Wesleyan Investment Foundation was founded in 1946 by individuals who understood the unique dynamics of church financing and saw a need to help finance church building projects and provide affordable loans. Our primary purpose and operations are providing loan assistance to churches and church-related entities so they can expand their facilities, purchase land, build, renovate, or refinance current debt. We are able to provide these loans with the funds that are invested by individuals and organizations who value a faith-based investment opportunity.

We currently have approximately 1,500 loans with churches and organizations all across North America. The vast majority of these loans are a first mortgage-backed with buildings or land as collateral, and most are guaranteed by the local district or denomination they are affiliated with. In our over 78 years of operation, WIF has never had to foreclose on a loan that we have provided.

We are an Indiana nonprofit corporation incorporated in 1960. We have no shareholders or members, and our affairs are administered by our Board of Directors. We are organized and operate exclusively for charitable and religious purposes. We are a tax-exempt entity, and no part of our net earnings inures to the benefit of any person or individual.

www.wifonline.com

VP of Business Development of the WIF, Mr. Brooks writes: “It’s been our honor to come alongside the WCA and the GMC in this season. So far, we’ve been able to help more than 50 churches by providing more than $8M in disaffiliation fund loans. We’ve heard so many stories of how the Lord is working in this season of transition and we’re grateful to play a small role in this endeavor.” We look forward to sharing with you the ways in which you might partner with the WIF in expanding your church ministries to meet the challenges of transitioning to your new church pathways.

Topic: Information about loan assistance to churches and church-related entities to expand facilities, purchase land, build, renovate, or refinance current debt.

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