“I believe that, as Christians, it is important for us to unite with other believers for a greater good, and I really believe the Development Fund has the greater good in mind.”
-Kathleen Coughlin, Development Fund investor
The Florida United Methodist Foundation’s Development Fund is a savings and loan fund established by the foundation in 1976. Its mission is to help Florida United Methodist churches and faith-based agencies and nonprofits have a reliable, readily available and affordable source of loan funds for renovation projects, new construction and loan refinancing.
Any Florida resident, church, organization or business can invest in the Development Fund with a minimum investment of $100. The foundation uses the fund’s accumulated assets to offer low-interest loans for new construction, expansion and maintenance. At the same time, investors earn a competitive annual interest rate.
Since its launch, the foundation has loaned hundreds of millions of dollars to churches and agencies across Florida with no defaults.
Doing Well While Doing Good
By investing in the Development Fund, you do well financially while supporting the missions and ministries of churches and agencies. Here's how:
How We Manage the Fund
Up to 90 percent of the total fund can be loaned for mortgages. A reserve fund of $7.5 million or 10 percent of the fund, whichever is less, is held in the form of cash and cash equivalents in order to provide a level of liquidity to account investors.
The foundation invests any cash that is not loaned in government-backed money market funds, government securities, federally insured bank certificates of deposit or bank deposits. Participation accounts are redeemable upon written notice to the foundation by the account holder. Interest rates and policies regarding level of liquidity and other management guidelines are made at the discretion of the foundation’s board of directors. Interest rates are reviewed quarterly.
This website does not constitute and must not be construed as an offer to sell or a solicitation to purchase the securities identified on the site. Such offers may legally be made or solicited only by way of the foundation’s written offering circulars containing full and fair disclosure of all material information. Request an offering circular.