Planned Giving and Trust Services : Southern Union Conference Revolving Fund

Updated May 6, 2008

The Southern Union Revolving Fund gives Seventh-day Adventist members the opportunity to invest money with their church while earning competitive interest rates.

Since its inception in 1982, tens of millions of dollars have been invested in this fund within Florida Conference. This has made it possible for our churches and schools to borrow at reduced rates, resulting in enormous savings in bank fees and interest.

A church or school can save more than 10 percent in interest and bank fees by financing with the Southern Union Conference Revolving Fund. At commercial interest rates, this would mean $30,000 savings on a $300,000 loan!

What is the interest rate and how is it paid?

Currently, interest earned is 3.75%. You may receive your interest by check at the end of each quarter or reinvest it with the Revolving Fund.

Are my funds safe?

Loan policies have kept problems to a minimum. In addition, the Revolving Fund provides safeguards to cover any loan repayment problems.

What happens with my investment in the Revolving Fund?

The money is used to make loans to:

Seventh-day Adventist churches

Seventh-day Adventist schools

Certain other qualifying Seventh-day Adventist institutions

Thanks to these investments, we are able to offer lower-interest financing to churches and schools in the Florida Conference. These funds are used to upgrade existing facilities, build new ones, or purchase others.

The Revolving Fund can lend to churches and schools only if there are sufficient investments by the constituents of Florida Conference.

How may I participate in the Revolving Fund?

You have three choices:

1. Enter into a revocable trust agreement with the Florida Conference Planned Giving and Trust Services department and request your monies be invested in a Revolving Fund Note.
2. Purchase a Revolving Fund Note directly through the Planned Giving and Trust Services department.
3. Revolving Fund accounts can be opened with a minimum investment of $1,000.
4. Your church and/or school may invest in a Revolving Fund Note through the Planned Giving and Trust Services department.

How accessible is my money?

Although your money is in a 90-day Demand Note, generally a portion or all may be withdrawn at any time without penalty. Interest is paid to the day of withdrawal.

Because monies are for building and acquisition loans or major capital improvements, long-term investments are necessary. However, we do recognize that circumstances change and emergencies arise, thus a portion of the assets in the Revolving Fund are reserved for withdrawals.

This provision is expressly stated in the bylaws of the Revolving Fund and is in accord with the North American Division of Seventh-day Adventists Working Policy.

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This notice is neither an offer to purchase nor a solicitation of an offer to sell any of these securities. The Exchange Offer is made solely by an offering circular which is available upon request.

Mission Statement

Basic Estate Planning

Services Offered

Seminars and Clinics

Crescendo Estate Planning Programs

Charitable Gift Annuities