The Mission Investment Fund (MIF) is the lending ministry of the ELCA. MIF makes low-interest loans to ELCA congregations and ELCA-related ministries for building and renovation projects. With MIF loans, congregations and ministries can purchase property, construct new buildings, and expand or renovate existing facilities.
MIF loans expand the capacity for ministry. MIF loans help create expanded worship spaces, updated space for education and youth ministry, new kitchens for community meals and soup kitchens, affordable housing units for the community and much more.
At year-end 2017, MIF had 888 loans outstanding, totaling $539.1 million.
To fund these loans, MIF offers a portfolio of investments for congregations, their members, synods and ELCA-related ministries to purchase. At year-end 2017, MIF investments totaled $506 million.
MIF is a financially strong and stable organization, with a record of steady, controlled growth. With total assets of $715.7 million and net assets of $203.9 million at year-end 2017, MIF maintains a capital ratio of 28.5 percent—positioning MIF in the top tier of well-capitalized church extension funds. For more information, visit mif.elca.org.
MIF loans and investments in the West Virginia-Western Maryland Synod (as of December 31, 2017):
• $1,969,312 in Mission Investment Fund investments
The Rev. Kent Peterson, Regional Manager, Tel: (276) 698-7970; email: email@example.com
Mission Investment Fund | 8765 West Higgins Road | Chicago, Illinois 60631 | Tel: 877-886-3522 | Web: mif.elca.org