Planning for What’s Ahead: Financial Resources for Social Ministry Organizations
For social ministry organizations, planning for the future often means balancing immediate needs with longer-term goals. A facility may need repairs, a growing program may need more space or a funding delay may put pressure on cash flow. Each decision has implications for the organization and the people it serves.
The Mission Investment Fund (MIF) helps ELCA-related ministries explore financial options that support their work. As the church extension fund of the ELCA, MIF brings an understanding of ministry to conversations about financing, investments and what comes next.
Through investments from individuals, congregations and ELCA-related ministries, MIF provides loans that help congregations and ministries carry out their missions. That includes social ministry organizations within the Lutheran Services in America (LSA) network.
financing that can support what comes next
Not every need or opportunity can be predicted. Whether an organization is preparing for a planned expansion, addressing needed renovations or seeking more breathing room amid funding disruptions, MIF can help explore potential financing solutions, including:
Refinancing existing debt
Repairs, renovations or repurposing
Land or building purchases
New construction
Bridge financing
Pre-construction financing
Active lines of credit for working capital needs
For many projects, MIF can serve as the sole lender. For larger financing needs, MIF can also work alongside other lenders as part of a broader capital structure.
Organizations do not need a fully defined project to begin a conversation. An early discussion can help leaders explore financing options as they assess needs and consider next steps.
more ways to support your ministry
MIF investment options* are available for ELCA-related ministries looking to put reserves and other funds to work in support of ministry.
The ELCA Federal Credit Union, also a financial ministry of the ELCA and a trusted financial partner of MIF, offers ministry credit cards and vehicle financing+ to support day-to-day operations and transportation needs.
Together, these resources give ELCA-related organizations additional ways to address financial priorities while continuing to serve their communities.
have something on the horizon?
Whether your organization has a defined project or is still considering future priorities, MIF can help you explore potential financing needs and next steps.
Contact us today at (877) 886-3522 or mif@elca.org to connect with a team that works with social ministry organizations to understand their needs and explore financing options, investment products, and more.
Mission Investment Fund investments are subject to certain risks. See "Risk Factors" in MIF's Offering Circular. MIF's investments are not bank accounts. As securities issued by a nonprofit institution, the investments are not insured by FDIC, SIPC or any other federal or state regulatory agency. The securities are sold only by means of the Offering Circular. This is not an offer to sell or a solicitation of an offer to buy the securities described here.
+This advertisement is brought to you by the ELCA Federal Credit Union. The ELCA Federal Credit Union is federally insured by the NCUA. Final rate and terms are subject to creditworthiness. The ELCA Federal Credit Union reserves the right to modify the terms without notice. Contact the ELCA Federal Credit Union for complete terms and conditions.
Investments
Loans