The Grace Brethren Investment Foundation (GBIF) recently completed a successful audit of their 2014 operations. Total assets set a new record at $105.3 million, the amount of which includes investments from GBIF depositors in more than 30 states throughout the United States. Also, net operating income set a new record at just over $1.2 million, the majority of which will be contributed to help a whole variety of Fellowship of Grace Brethren Churches (FGBC) ministries.
“We are deeply honored to once again experience God’s hand of blessing on the GBIF ministry in 2014, shares Ken Seyfert, President and CEO. As we now enter our 60th year of ministry, we are well positioned to help facilitate the building expansion needs of small to large FGBC churches, schools, and organizations. As well, our investors are receiving more than double the money market and certificate of deposit rates of return from other financial institutions by investing with GBIF. And it is our joy to contribute most of our 2014 earnings to benefit other FGBC ministries.”
GBIF is a church extension fund regulated by the securities laws of each state wherein they have investors. Their primary purpose is to enable those 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.