- - - Rejoice in the Lord always ... again I say Rejoice !!! - - -

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                             TO:  Interested Ministries                                                                                                             FROM: Jim Bramer, Retired Auditor-CPA
                                                                                                                                                                                         FILE:  0044-01/all

                             RE:  Investments "Double Duty"                                                                                               Originated in June 2003                        

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        Of course, ENDOWMENT FUNDS plus FOUNDATIONS and CHRISTIAN TRUSTS "must" make righteous/wise/prudent investments of its Capital, or Corpus; otherwise there would be no yield to provide Grants to Ministries or carry out their mandates.  Please see content of  0043-01
        As we know, some stocks available today are not "righteous" by their very product/services.  
        The ABOVE ENTITIES can do "Double Duty" in making righteous/wise /prudent investments of a certain portion of its Corpus in Ministry instruments (1st Double Duty) and then take the yield (2nd Double Duty) and carry out it's mandate.    

Such Ministry instruments could include the following:

 a. CHRISTIAN FINANCIAL CO-OPS --- CREDIT UNIONS:
         There are a number of Denomination Credit Unions out there,  --- plus, of course, ECCU, or the Evangelical Christian Credit Union --- whose purpose is to take investments, turn around and loan such sums to its members and return the net savings to its investors; which, in this scenario, produce interest, or yield, to the ENTITIES ABOVE.
         ECCU has an affiliate called MINISTRY PARTNERS whose specific purpose is to provide loans for Ministry facilities ---- the yield rate is greater than most Credit Union instruments.

b. MINISTRY STAFF CO-OWNER LOANS:
    Pastors, Missionaries, Christian School Teachers need to purchase homes -- often with little means. In order to assist staff members along these lines some Ministries have had to use their own resources, some at a sacrifice to other areas of their own Ministry.
    Of course, the agreement is that both parties have an equity interest in such property even though the staff member pays interest (yield to ENTITIES ABOVE) as well as the property upkeep, taxes and insurance.
    The ENTITIES ABOVE could probably turn the administration of all this over to a Financial Institution, such as a Credit Union like  ECCU  referenced above.

c. 1ST AND 2ND TRUST DEEDS:
    Make such investments directly in Ministry facilities or in Staff Member residences; however, We encourage you toward alternative methods shown above.

d. WORKING CAPITAL LOANS:
    A number of Ministries by their very Exempt Purpose must invest in Inventory or carry Accounts Receivable. This, of course, is awkward since all their donations income should be used for Ministry Expenses and not held as Working Capital.

 T H R U S T ----As a part of your investment stewardship, consider having your resources do  "Double Duty"!

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      This was      UPTD:May 03, 2008

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     (1) An Onliner Document, or WRIT (Writing), may be applicable to all Ministries, or it may be designed for just groups like: Evangelical Church, School, Missionary Agency or Organization, Christian Camp / Conference, or other named group.
      (2) WRIT formats include the perspective of    Jim@bcidot.org  via IOMs (Inter-Office Memos) to the Ministry Finance Team (MFTeam); THRDs, a hypothetical Online conversation with members of the MFTeam; GLEANINGS, or Scripture within context of the MFTeam; FWIW; A periodic editorial (For What it is Worth); TRUISM, or believed Ministry Finance principles; and via FAQ, response to Frequently Asked Questions

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