The Grace Brethren Investment Foundation (GBIF) recently completed a successful audit of its 2015 fiscal and calendar year operations. Total assets surpassed the $110 million milestone of which customer investments from more than 30 states were around $98.7 million (both new records). Also, the board of directors approved a new yearly record of $715,000 in total contributions, which represents the majority of GBIF’s 2015 net income to assist with ministry needs within the Fellowship of Grace Brethren Churches (FGBC).
“We are both humbled and grateful how God has blessed GBIF in 2015, shares Ken Seyfert, president and CEO. In an era of extreme volatility and losses for many in investment markets, we have been pleased to continue with a 2 percent rate to each investor with principal intact. We have also continued to fund building projects for FGBC churches, schools, and organizations with low delinquencies on loans outstanding. It is our delight to share God’s blessing to help a wide variety of ministries affiliated with the FGBC.”
GBIF exists as a national “church extension fund” as defined by the North American Association of Securities Administrators. It is regulated by the securities laws of the 38 states where GBIF has investors. The primary purpose of the Foundation is limited in scope by these regulatory authorities: “To enable those who support the objectives of the Fellowship of Grace Brethren Churches to invest funds at a reasonable rate of interest to provide thereby a source of funding in the form of capital loans for acquiring, developing, and remodeling land and buildings for Grace Brethren churches, schools, and other associated organizations.”