Brethren in Christ Foundation

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The Jacob Engle Foundation, Inc., was proposed and approved at the 1972 general conference of the Brethren in Christ and incorporated in the State of Indiana on 29 September 1972. The foundation was legally qualified to care for gifts to the church, and to any charitable agency, including local congregations. The foundation's board of directors reported annually to the general conference's Board of Administration, which composed the membership of the foundation. Investments were to be consistent with Brethren in Christ belief and the wishes of donors.

A division of the foundation, the Brotherhood Loan Fund, received investments at reasonable rates from individuals and church groups. The funds are then loaned to build church-related facilities.

At the end of 1985 the combined assets of the foundation were $21,200,000. (In 2004 the combined assets exceeded $57,000,000 U.S.) The office was in Upland, California, with a branch office at Mechanicsburg, Pennsylvania. In 1990 the offices were moved to Grantham, Pennsylvania.

On 20 January 2000 the name was changed to Brethren in Christ Foundation.

See also Inheritance; Investments; Mennonite Foundation; Stewardship.


Bibliography

Minutes of the ...General Conference, Brethren in Christ Church. (1984): 66-67, 167-168; (1982): 237-39.


Additional Information

Website: Brethren in Christ Foundation



Author(s) David P McBeth
Date Published 1987

Cite This Article

MLA style

McBeth, David P. "Brethren in Christ Foundation." Global Anabaptist Mennonite Encyclopedia Online. 1987. Web. 22 Nov 2024. https://gameo.org/index.php?title=Brethren_in_Christ_Foundation&oldid=55088.

APA style

McBeth, David P. (1987). Brethren in Christ Foundation. Global Anabaptist Mennonite Encyclopedia Online. Retrieved 22 November 2024, from https://gameo.org/index.php?title=Brethren_in_Christ_Foundation&oldid=55088.



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Adapted by permission of Herald Press, Harrisonburg, Virginia, from Mennonite Encyclopedia, Vol. 5, p. 459. All rights reserved.


©1996-2024 by the Global Anabaptist Mennonite Encyclopedia Online. All rights reserved.

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