Serving the Brethren in Christ.
The Brethren in Christ Foundation (BICF) provides financial services to various Brethren in Christ denominational entities, including the maintenance of a fund (the “Brotherhood Loan Fund“) to provide financing for the acquisition, construction and remodeling of Brethren in Christ churches, parsonages and other church-related projects, as well as to provide a source of funds for ministers for residential loans.
The Foundation provides certain pooled investment opportunities for eligible church organizations.
The Foundation also provides certain other financial services, including administration of certain deferred giving programs and consultation thereon, for the Brethren in Christ denomination and related church entities.
The Foundation is presently exempt from federal income tax pursuant to the provisions of Section 501(c)(3) of the Internal Revenue Code, as amended (the “Code”), and has been determined not to be a “private foundation” under Section 509 of the Code. It is organized and operated exclusively for religious purposes, and no part of its net earnings may inure to the benefit of any private person. As a nonprofit corporation, the Foundation has no shareholders. Its membership consists of those individuals who are members of the Brethren in Christ General Conference Board and those persons elected as directors of the Foundation.