Approves $650,000 To Benefit FGBC Ministries
With the recent successful completion of an annual audit for the year 2013, the Grace Brethren Investment Foundation (GBIF) has announced two significant developments.
The first is the surpassing of the $100,000,000 mark in total assets, most of which is comprised of investment accounts of GBIF investors in 38 states. The second development is the approval of $650,000 in total contributions which will benefit ministries affiliated with the Fellowship of Grace Brethren Churches (FGBC).
“We are both honored and humbled that God has entrusted us with an even higher level of responsibility,” says Ken Seyfert, president and CEO of GBIF. “We look forward to His new opportunities. As well, we are privileged to reinvest most of our 2013 earnings to help a whole variety of FGBC ministries.”
GBIF is now in the process of determining the list of Fellowship ministries that will be receiving “goodwill contributions.” Final determination is to be made during the first quarter of 2014.
