{"id":209,"date":"2017-03-02T12:55:03","date_gmt":"2017-03-02T12:55:03","guid":{"rendered":"http:\/\/umf.phpdev4u.com\/development\/?page_id=209"},"modified":"2026-09-14T17:11:00","modified_gmt":"2026-09-14T17:11:00","slug":"faqs","status":"publish","type":"page","link":"https:\/\/umfmtc.org\/development\/faqs\/","title":{"rendered":"FAQ&#8217;s"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-background-position:left top;--awb-border-sizes-top:0px;--awb-border-sizes-bottom:0px;--awb-border-sizes-left:0px;--awb-border-sizes-right:0px;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:15px;--awb-padding-bottom:0px;--awb-flex-wrap:wrap;\" id=\"staff-wrap\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_4 1_4 fusion-one-fourth fusion-column-first\" style=\"--awb-bg-size:cover;width:22%; margin-right: 4%;\" id=\"sidebar-about\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-widget-area awb-widget-area-element fusion-widget-area-1 fusion-content-widget-area\" style=\"--awb-title-size:13px;--awb-title-color:#333333;--awb-padding:0px 0px 0px 0px;\"><div class=\"menu-development-fund-menu-container\"><ul id=\"menu-development-fund-menu\" class=\"menu\"><li id=\"menu-item-288\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-home menu-item-288\"><a href=\"https:\/\/umfmtc.org\/development\/\">Home<\/a><\/li>\n<li id=\"menu-item-289\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-289\"><a href=\"https:\/\/umfmtc.org\/development\/about\/\">About<\/a><\/li>\n<li id=\"menu-item-290\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-290\"><a href=\"https:\/\/umfmtc.org\/development\/mission\/\">Mission<\/a><\/li>\n<li id=\"menu-item-326\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-326\"><a href=\"https:\/\/umfmtc.org\/development\/faqs\/\">FAQ\u2019s<\/a><\/li>\n<li id=\"menu-item-291\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-291\"><a href=\"https:\/\/umfmtc.org\/development\/forms\/\">Forms<\/a><\/li>\n<\/ul><\/div><div class=\"fusion-additional-widget-content\"><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_3_4 3_4 fusion-three-fourth fusion-column-last\" style=\"--awb-bg-size:cover;width:74%;\" id=\"staff-content\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-title title fusion-title-1 fusion-title-text fusion-title-size-one\" style=\"--awb-margin-top-small:0px;--awb-margin-right-small:0px;--awb-margin-bottom-small:20px;--awb-margin-left-small:0px;--awb-sep-color:#676968;\"><h1 class=\"fusion-title-heading title-heading-left\" style=\"margin:0;\"><span style=\"color: #676968;\">FAQ&#8217;s<\/span><\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container\"><div class=\"title-sep sep-double sep-solid\" style=\"border-color:676968;\"><\/div><\/div><\/div><div class=\"accordian fusion-accordian\" style=\"--awb-border-size:1px;--awb-icon-size:13px;--awb-content-font-size:14px;--awb-icon-alignment:left;--awb-hover-color:#f9f9f9;--awb-border-color:#cccccc;--awb-background-color:#ffffff;--awb-divider-color:#e0dede;--awb-divider-hover-color:#e0dede;--awb-icon-color:#ffffff;--awb-title-color:#333333;--awb-content-color:#747474;--awb-icon-box-color:#333333;--awb-toggle-hover-accent-color:#e10707;--awb-title-font-family:Arial, Helvetica, sans-serif;--awb-title-font-weight:400;--awb-title-font-style:normal;--awb-title-font-size:13px;--awb-title-line-height:1.5;--awb-content-font-family:Arial, Helvetica, sans-serif;--awb-content-font-style:normal;--awb-content-font-weight:400;\"><div class=\"panel-group fusion-toggle-icon-boxed\" id=\"accordion-209-1\"><div class=\"fusion-panel panel-default panel-6b0ba9b0dd6618ab4 fusion-toggle-no-divider\" style=\"--awb-title-color:#333333;--awb-content-color:#747474;\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_6b0ba9b0dd6618ab4\"><a aria-expanded=\"false\" aria-controls=\"6b0ba9b0dd6618ab4\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-209-1\" data-target=\"#6b0ba9b0dd6618ab4\" href=\"#6b0ba9b0dd6618ab4\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Why should I and my church consider investing in the Fund?<\/span><\/a><\/h4><\/div><div id=\"6b0ba9b0dd6618ab4\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_6b0ba9b0dd6618ab4\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>The more money the Fund has available to loan, the more the Fund is able to help United Methodist Churches, agencies and missions across the Tennessee-Western Kentucky Conference thrive and grow. By investing in the United Methodist Development Fund of Tennessee\/Kentucky, Inc. you can help the Church and earn interest on your investment at the same time. As of July 31, 2026, we have 17 active loans, with a total loan balance of $10,658,410.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-656715e7caccaaac1 fusion-toggle-no-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_656715e7caccaaac1\"><a aria-expanded=\"false\" aria-controls=\"656715e7caccaaac1\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-209-1\" data-target=\"#656715e7caccaaac1\" href=\"#656715e7caccaaac1\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">What interest rate is paid on the investments?<\/span><\/a><\/h4><\/div><div id=\"656715e7caccaaac1\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_656715e7caccaaac1\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>The interest rate is set on the first business day of each calendar quarter. It is currently set at 3.75% as of July 1, 2026 through the end of the third quarter, 2026.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-7fc1f40affa80fa30 fusion-toggle-no-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_7fc1f40affa80fa30\"><a aria-expanded=\"false\" aria-controls=\"7fc1f40affa80fa30\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-209-1\" data-target=\"#7fc1f40affa80fa30\" href=\"#7fc1f40affa80fa30\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Is the interest tax-free?<\/span><\/a><\/h4><\/div><div id=\"7fc1f40affa80fa30\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_7fc1f40affa80fa30\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>Interest paid by the Fund is taxable as income by the Federal Government The interest paid to you each year will be reported on form 1099-INT. Churches are exempt from this income but a 1099 form must be furnished to the IRS.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-0b23a1c528df298df fusion-toggle-no-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_0b23a1c528df298df\"><a aria-expanded=\"false\" aria-controls=\"0b23a1c528df298df\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-209-1\" data-target=\"#0b23a1c528df298df\" href=\"#0b23a1c528df298df\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">When can I withdraw my investment?<\/span><\/a><\/h4><\/div><div id=\"0b23a1c528df298df\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_0b23a1c528df298df\"><div class=\"panel-body toggle-content fusion-clearfix\">You may withdraw a portion or all of your investment anytime. There is never a penalty, fee or loss of interest when withdrawing funds. There is no minimum length of time required for investments. We do request that if at all possible, funds stay invested for at least one year.<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-8fafe7afa8a0679aa fusion-toggle-no-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_8fafe7afa8a0679aa\"><a aria-expanded=\"false\" aria-controls=\"8fafe7afa8a0679aa\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-209-1\" data-target=\"#8fafe7afa8a0679aa\" href=\"#8fafe7afa8a0679aa\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">What is the minimum amount required to invest in the Fund?<\/span><\/a><\/h4><\/div><div id=\"8fafe7afa8a0679aa\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_8fafe7afa8a0679aa\"><div class=\"panel-body toggle-content fusion-clearfix\">There is an initial investment minimum of $2,500.<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-a377c5a81d14110b5 fusion-toggle-no-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_a377c5a81d14110b5\"><a aria-expanded=\"false\" aria-controls=\"a377c5a81d14110b5\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-209-1\" data-target=\"#a377c5a81d14110b5\" href=\"#a377c5a81d14110b5\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Are there any fees or charges for investing in the Fund?<\/span><\/a><\/h4><\/div><div id=\"a377c5a81d14110b5\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_a377c5a81d14110b5\"><div class=\"panel-body toggle-content fusion-clearfix\">No, there are never any fees, charges or penalties for investing in or withdrawing from the Fund.<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-38ce4998b9ee94173 fusion-toggle-no-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_38ce4998b9ee94173\"><a aria-expanded=\"false\" aria-controls=\"38ce4998b9ee94173\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-209-1\" data-target=\"#38ce4998b9ee94173\" href=\"#38ce4998b9ee94173\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Is my investment guaranteed?<\/span><\/a><\/h4><\/div><div id=\"38ce4998b9ee94173\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_38ce4998b9ee94173\"><div class=\"panel-body toggle-content fusion-clearfix\">Investments are not FDIC guaranteed. Investments are secured by the assets of the Fund and by the first mortgages of the Churches, agencies and missions borrowing the funds. Money not yet loaned as well as cash reserves are held by the Fund in insured accounts.<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-59242308dc51f8bdc fusion-toggle-no-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_59242308dc51f8bdc\"><a aria-expanded=\"false\" aria-controls=\"59242308dc51f8bdc\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-209-1\" data-target=\"#59242308dc51f8bdc\" href=\"#59242308dc51f8bdc\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">To whom does the Fund loan money?<\/span><\/a><\/h4><\/div><div id=\"59242308dc51f8bdc\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_59242308dc51f8bdc\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>The Fund makes loans to United Methodist Churches, agencies and missions in the Tennessee-Western Kentucky Conference.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-4ceebba3e9204f56d fusion-toggle-no-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_4ceebba3e9204f56d\"><a aria-expanded=\"false\" aria-controls=\"4ceebba3e9204f56d\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-209-1\" data-target=\"#4ceebba3e9204f56d\" href=\"#4ceebba3e9204f56d\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Does the Fund make loans for such things as remodeling buildings, making improvements to parsonages or buying land?<\/span><\/a><\/h4><\/div><div id=\"4ceebba3e9204f56d\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_4ceebba3e9204f56d\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>Yes, the Fund makes loans for these and many other purposes. The loan must be secured by the Church building or property and there are other requirements. For more information, contact our office.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-bb5cb040aa30c8b4e fusion-toggle-no-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_bb5cb040aa30c8b4e\"><a aria-expanded=\"false\" aria-controls=\"bb5cb040aa30c8b4e\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-209-1\" data-target=\"#bb5cb040aa30c8b4e\" href=\"#bb5cb040aa30c8b4e\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Has anyone ever failed to repay a loan from the Fund?<\/span><\/a><\/h4><\/div><div id=\"bb5cb040aa30c8b4e\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_bb5cb040aa30c8b4e\"><div class=\"panel-body toggle-content fusion-clearfix\">No loan has ever failed to be repaid in full. Loan applications go through a careful process to ensure that the Church, agency or mission is capable of making the loan payments and committed to repaying the loan in full. Furthermore, all loans are secured by a first mortgage on a building or property.<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-063a1fbde305ff868 fusion-toggle-no-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_063a1fbde305ff868\"><a aria-expanded=\"false\" aria-controls=\"063a1fbde305ff868\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-209-1\" data-target=\"#063a1fbde305ff868\" href=\"#063a1fbde305ff868\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Does the Fund make grants or provide no-interest loans?<\/span><\/a><\/h4><\/div><div id=\"063a1fbde305ff868\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_063a1fbde305ff868\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>The Fund does not provide interest-free loans. Periodically, the Fund may offer grant programs at the discretion of the Fund&#8217;s leadership board. These grant programs vary in nature.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-39251ec5099e6bf7c fusion-toggle-no-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_39251ec5099e6bf7c\"><a aria-expanded=\"false\" aria-controls=\"39251ec5099e6bf7c\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-209-1\" data-target=\"#39251ec5099e6bf7c\" href=\"#39251ec5099e6bf7c\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Does the Fund ever make unsecured loans?<\/span><\/a><\/h4><\/div><div id=\"39251ec5099e6bf7c\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_39251ec5099e6bf7c\"><div class=\"panel-body toggle-content fusion-clearfix\">No, all loans must be secured by first mortgage on land or a building of greater value than the loan.<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-c7e3e448fd4522483 fusion-toggle-no-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_c7e3e448fd4522483\"><a aria-expanded=\"false\" aria-controls=\"c7e3e448fd4522483\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-209-1\" data-target=\"#c7e3e448fd4522483\" href=\"#c7e3e448fd4522483\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Have investors in the Fund ever lost money?<\/span><\/a><\/h4><\/div><div id=\"c7e3e448fd4522483\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_c7e3e448fd4522483\"><div class=\"panel-body toggle-content fusion-clearfix\">No investor has ever lost any part of his or her investment in the Fund. Furthermore, the Fund has always paid the promised interest in full and on time.<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-5c2b8c6b87963f5c2 fusion-toggle-no-divider\" style=\"--awb-title-color:#333333;--awb-content-color:#747474;\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_5c2b8c6b87963f5c2\"><a aria-expanded=\"false\" aria-controls=\"5c2b8c6b87963f5c2\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-209-1\" data-target=\"#5c2b8c6b87963f5c2\" href=\"#5c2b8c6b87963f5c2\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">How large is the Fund?<\/span><\/a><\/h4><\/div><div id=\"5c2b8c6b87963f5c2\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_5c2b8c6b87963f5c2\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>As of July 31, 2026, the Fund had $21,167,305 in deposits.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-32f8d2b1b9fa4150c fusion-toggle-no-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_32f8d2b1b9fa4150c\"><a aria-expanded=\"false\" aria-controls=\"32f8d2b1b9fa4150c\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-209-1\" data-target=\"#32f8d2b1b9fa4150c\" href=\"#32f8d2b1b9fa4150c\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">How old is the Fund?<\/span><\/a><\/h4><\/div><div id=\"32f8d2b1b9fa4150c\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_32f8d2b1b9fa4150c\"><div class=\"panel-body toggle-content fusion-clearfix\">The Fund was organized in 1992 and has been in continuous operation since.<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-183dc6864870a226e fusion-toggle-no-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_183dc6864870a226e\"><a aria-expanded=\"false\" aria-controls=\"183dc6864870a226e\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-209-1\" data-target=\"#183dc6864870a226e\" href=\"#183dc6864870a226e\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Is the Fund a not-for-profit organization?<\/span><\/a><\/h4><\/div><div id=\"183dc6864870a226e\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_183dc6864870a226e\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>Yes, the Fund is a registered 501 (c)(3) organization. Its purpose is to provide a service, connecting investors and borrowers for the benefit of the United Methodist Church in the Tennessee-Western Kentucky Conference. Interest paid by the Fund is subject to federal income tax.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-338199861f94395b7 fusion-toggle-no-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_338199861f94395b7\"><a aria-expanded=\"false\" aria-controls=\"338199861f94395b7\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-209-1\" data-target=\"#338199861f94395b7\" href=\"#338199861f94395b7\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Does the Fund accept gifts?<\/span><\/a><\/h4><\/div><div id=\"338199861f94395b7\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_338199861f94395b7\"><div class=\"panel-body toggle-content fusion-clearfix\">The Fund seeks investors rather than donors. However, if you would like to make a gift, the Fund is a 501 (c)(3) non-profit organization and donations are tax deductible to the full extent allowed by law. Gifts become a permanent part of the Fund, strengthening its ability to make loans.<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-7e3d3684b5b41c864 fusion-toggle-no-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_7e3d3684b5b41c864\"><a aria-expanded=\"false\" aria-controls=\"7e3d3684b5b41c864\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-209-1\" data-target=\"#7e3d3684b5b41c864\" href=\"#7e3d3684b5b41c864\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Do I have to be a member of a United Methodist Church to invest?<\/span><\/a><\/h4><\/div><div id=\"7e3d3684b5b41c864\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_7e3d3684b5b41c864\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>No, you do not have to be a member of the United Methodist Church, but you are required to be a resident of either Tennessee or Kentucky and are required to have some type of prior relationship to or participation in the United Methodist Church or to the Issuer, or to the mission and theology of the United Methodist Church.\u00a0 Individuals, groups, companies, Churches and other organizations are all eligible to invest.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-55f5af5c813bfaae4 fusion-toggle-no-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_55f5af5c813bfaae4\"><a aria-expanded=\"false\" aria-controls=\"55f5af5c813bfaae4\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-209-1\" data-target=\"#55f5af5c813bfaae4\" href=\"#55f5af5c813bfaae4\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Is the Fund audited?<\/span><\/a><\/h4><\/div><div id=\"55f5af5c813bfaae4\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_55f5af5c813bfaae4\"><div class=\"panel-body toggle-content fusion-clearfix\">The Fund is audited every year by an independent, outside CPA firm. Copies of the most recent audit are available upon request.<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-70914be6d49e2bcb8 fusion-toggle-no-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_70914be6d49e2bcb8\"><a aria-expanded=\"false\" aria-controls=\"70914be6d49e2bcb8\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-209-1\" data-target=\"#70914be6d49e2bcb8\" href=\"#70914be6d49e2bcb8\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">How do I invest?<\/span><\/a><\/h4><\/div><div id=\"70914be6d49e2bcb8\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_70914be6d49e2bcb8\"><div class=\"panel-body toggle-content fusion-clearfix\">You must first receive and review an Offering Circular. Information on how individuals and organizations can invest is included in the Circular. To obtain one, please contact our office or request one online via our contact form.<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"100-width.php","meta":{"footnotes":""},"class_list":["post-209","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/umfmtc.org\/development\/wp-json\/wp\/v2\/pages\/209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/umfmtc.org\/development\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/umfmtc.org\/development\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/umfmtc.org\/development\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/umfmtc.org\/development\/wp-json\/wp\/v2\/comments?post=209"}],"version-history":[{"count":45,"href":"https:\/\/umfmtc.org\/development\/wp-json\/wp\/v2\/pages\/209\/revisions"}],"predecessor-version":[{"id":572,"href":"https:\/\/umfmtc.org\/development\/wp-json\/wp\/v2\/pages\/209\/revisions\/572"}],"wp:attachment":[{"href":"https:\/\/umfmtc.org\/development\/wp-json\/wp\/v2\/media?parent=209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}