FoundationIn the News
Development Fund Deposit Rate Increase
We are pleased to announce that effective April 1, 2023, the United Methodist Development Fund will raise the interest rate paid on participation accounts to 2.25%. Participation account funds are fully liquid and, unlike certificates of deposit (CD), are not locked in for a particular time period. The loan rate is 4.75%.
Church Building/Renovation Grants Available!
The Board of the Development Fund for Kentucky and Tennessee and the Foundation for the Memphis and Tennessee Annual Conferences is pleased to announce the establishing of a new grant program. These grants are to aid churches or affiliated Conference entities with building or renovation projects. The criteria are as follows: The project must contribute [...]
Deposit Rate Increase!
Participation Account Rate Increase We are pleased to announce that effective January 1, 2020, the United Methodist Development Fund will raise the interest rate paid on participation accounts to 2.0%. Participation account funds are fully liquid and, unlike certificates of deposit (CD), are not locked in for a particular time period. The church building loan [...]