Brethren in Christ Foundation
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.
Minutes of the ...General Conference, Brethren in Christ Church. (1984): 66-67, 167-168; (1982): 237-39.
Website: Brethren in Christ Foundation
Adapted by permission of Herald Press, Harrisonburg, Virginia, and Waterloo, Ontario, from Mennonite Encyclopedia, Vol. 5, p. 459. All rights reserved. For information on ordering the encyclopedia visit the Herald Press website.
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MLA style: McBeth, David P. "Brethren in Christ Foundation." Global Anabaptist Mennonite Encyclopedia Online. 1987. Web. 22 May 2013. http://www.gameo.org/encyclopedia/contents/B7481.html.
APA style: McBeth, David P. (1987). Brethren in Christ Foundation. Global Anabaptist Mennonite Encyclopedia Online. Retrieved 22 May 2013, from http://www.gameo.org/encyclopedia/contents/B7481.html.