Grace Brethren Investment Foundation (GBIF) recently completed an annual audit for the fiscal year 2016, setting a new record asset total at over $112 million ($112,276,036).

Also, the GBIF board of directors approved a total of $720,455 in goodwill contributions which will be disbursed soon to help a whole variety of Fellowship of Grace Brethren Church(FGBC) ministries.

“God has once again blessed the GBIF ministry, shares Ken Seyfert, president and CEO. “We have been able to maintain a two percent rate paid to our investors, which is above the national rate for money markets and bank CDs. GBIF is also financing church and school building projects for the FGBC in some states. It is our joy to share the blessings in the form of contributions to benefit FGBC ministries.”

GBIF exists as a “church extension fund” affiliated with the Fellowship of Grace Brethren Churches and as defined by the North American Association of Securities Administrators. The ministry is regulated by the securities laws of the 38 states in which they have investors. The primary purpose of the Foundation is limited in scope by these regulatory authorities:  “To enable individuals who support the objectives of the Fellowship of Grace Brethren Churches to invest funds at a reasonable rate of interest and 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.” GBIF is precluded from making loans to individuals and can only loan funds to 501 (c)(3) churches and organizations within the FGBC.