Cornerstone Fund Disaster Care Program Helps Florida Church Rebuild After Hurricane Helene
On September 26, 2024, Hurricane Helene came ashore as a Category 4 storm in the Big Bend area of Florida. A year later, the congregation of Pass-A-Grille Beach Community Church in Pass-A-Grille, Florida is remembering the disaster and its effects on the whole area.
"Our church is on a barrier island—one side is the Gulf of Mexico and the other side is Tampa Bay," said the Rev. Dr. Angela Wells-Bean, senior pastor of the church. "The island is maybe two miles long and very narrow. We're very vulnerable.
"Helene's storm surge flooded our whole campus with almost three feet of water."
The church's sanctuary, narthex, commons, offices, nursery, thrift store, and first floor education wing were devastated. The sanctuary's damage also prohibited any services.
"Where were we going to worship? Our pews had been floating in three feet of water," said Rev. Wells-Bean. Thankfully they were able to hold services at Pilgrim United Church of Christ in nearby St. Petersburg.
The community pulled together quickly for the recovery and rebuilding. Thanks to a United Church of Christ Ministry Capacity Rebuilding Grant, PAGCBC was able to restore its thrift store.
On top of that, a Disaster Care Program loan from the Cornerstone Fund continues to assist in the rebuilding and disaster mitigation projects. The congregation's weekly worship services returned to the repaired sanctuary in late January of this year. The rest of the building’s repairs continue – from drywall replacement to new electrical wiring and more.
"It's been amazing to work with the Cornerstone Fund," said Rev. Wells-Bean. "We're grateful for how supportive and understanding you are."
The Cornerstone Fund's Disaster Care Investment and Recovery Program launched in late 2024 in response to the increasing number of natural disasters each year. Cornerstone Fund leadership collaborated with the United Church of Christ Disaster Ministries and the United Church of Christ Insurance Board in planning the program, which provides loans at a lower interest rate than would otherwise be available to churches that have experienced destruction.
The Southern California – Nevada Conference of the United Church of Christ saw the critical need for this program and made the first generous investment. The conference leaders know that these low-rate loans are made possible because the individuals and institutions that invest in Disaster Care willingly accept lower investment rates.
To recover after disasters, these loans help United Church of Christ congregations undertake projects such as:
- Repairing or replacing roofs
- Repairing or rebuilding worship and fellowship spaces
- Installing facilities to support incoming recovery volunteers
- Improving facilities to mitigate future disaster impacts
Pass-A-Grille Community Beach Church's Disaster Care loan also requires disaster mitigation projects, so the church purchased door barriers to prevent water intrusion in the future.
As the rebuilding continues for the church and the surrounding community, the congregation will hold a First Anniversary Service of Healing and Remembrance on September 28 with Church of the Isles UCC, which was also damaged by Hurricane Helene.
"That service is on the beach to recognize that this is why we're all here," said Rev. Wells-Bean. "The beach is the magnet that pulls us all here, but it is also the source of our destruction. How to do we wrestle with that – how do we name our gratitude of the ocean, but at the same time, acknowledge that it's also incredibly powerful and destructive?"
Learn more about the Disaster Care Investment and Loan Program
Cornerstone Fund and Trinity Church New York Announce Ground-Breaking Partnership Offering Millions for Church and Faith-Based Projects
FOR IMMEDIATE RELEASE
DATE: September 8, 2025
CONTACT:
Heather Moyer, Cornerstone Fund
443-418-4653; hmoyer@cornerstonefund.org
Cornerstone Fund and Trinity Church New York Announce Ground-Breaking Partnership Offering Millions for Church and Faith-Based Projects
This week the Cornerstone Fund and Trinity Church New York announced a partnership that will create more than $23 million in low-cost financing for churches and other faith-based organizations throughout the United States creating change in their communities.
Named Good Soil Fund, based on the Biblical Parable of the Sower, this partnership provides a $2.3 million investment from Trinity Church that the Cornerstone Fund will use, along with other sources of capital, to multiply the investment ten-fold, creating more than $23 million in impacts via churches and other faith-based organizations.
“But the seed falling on good soil refers to someone who hears the word and understands it. This is the one who produces a crop, yielding a hundred, sixty or thirty times what was sown.” (Matt 13:23)
“The Cornerstone Fund is thrilled to partner with such a missionally aligned organization as Trinity Church New York on this very important work of utilizing church property to create sustainable community impact,” said Maria Coyne, President and CEO of the Cornerstone Fund.
“The Cornerstone Fund has long expertise in lending to churches and other faith-based organizations for projects that do everything from simply enhancing the spiritual home and allowing the church to better serve its community, to ‘creation care’ projects that assist in lowering the property's carbon footprint, to projects which provide food or shelter all by providing creative and often gap-filling borrowing solutions.”
Loans include lines of credit, bridge financing, pre-development and construction financing, and permanent financing for mission real estate development projects.
To qualify for Good Soil Fund financing, projects should involve a real estate development that generates social impact while building financial capacity to support ministry. Developments may include difficult to finance projects such as low-density housing, transitional housing for vulnerable populations such as refugees, immigrants, returning citizens, and LGBTQIA+ youth, and projects supporting community education, social services, health and economic development, among many others.
“This partnership creates a critical source of flexible capital to help churches advance their real estate projects from pre-development through construction and operation, ” said Rev. James Clark III, managing director of Mission Real Estate Development at Trinity Church New York.
Churches and other faith-based organizations interested in more information about these loans or finding out about investing in the Cornerstone Fund should contact info@cornerstonefund.org or 888-822-3863 or visit our website at cornerstonefund.org
About the Cornerstone Fund
Founded in 1993, the United Church of Christ Cornerstone Fund’s mission is joining together in faith to invest in and build community. The Cornerstone Fund is a non-profit financial institution that offers investments for individuals, churches, and faith-based non-profit organizations. The Cornerstone Fund then loans those funds directly to other churches and faith-based non-profit organizations for projects that create change in their communities.
About Trinity Church
Trinity Church is an Episcopal parish in New York City founded in 1697. We work for justice, serve our neighbors, and bring people together to experience God’s love in community. Trinity’s outreach in the city includes 20 weekly worship services, food assistance seven days a week for people in need, support for asylum seekers, housing for the elderly and people living with disabilities, youth programs, and a wide array of free music and educational events throughout the year. The church also supports communities and ministries serving the world in Africa, Asia, and across the Americas.
Helping Those in Need After Disasters
As hurricane season ramps up, many of us worry about hurricane damage to our communities as well as how we can help others recover if they’re hit by a powerful storm.
Because an increasing number of natural disasters continues to devastate communities, the United Church of Christ Cornerstone Fund recognizes the importance of offering ways to support those rebuilding in the aftermath.
Investing with the Cornerstone Fund allows us to make loans to UCC churches and missionally aligned non-profits, including Disaster Care loans.
Through our Disaster Care Investment & Loan Program, introduced in the fall of 2024, the Cornerstone Fund supports post-disaster efforts by offering more favorable terms on loans to organizations affiliated with the UCC for projects specifically aimed at repairing or rebuilding facilities following the devastating effects of disasters.
“I chose to invest in the Cornerstone Disaster Care Fund which provides crucial funding for churches that have experienced a disaster,” said Katie Howe, the UCC Minister for Disaster Response and Recovery. “These loans are used for repairs, rebuilding work, or while waiting on insurance claims.
“While earning interest on my investment, I know that my money is being used faithfully by helping to make these low-interest loans available. As Minister for Disaster Response and Recovery with the National Ministry of the United Church of Christ, I have seen first-hand the positive impact that these loans can make on our churches when they need it most.”
To recover after disasters, UCC congregations undertake projects such as:
- Repairing or replacing roofs
- Repairing or rebuilding worship and fellowship spaces
- Installing facilities to support incoming recovery volunteers
- Improving facilities to mitigate future disaster impacts
Learn more: cornerstonefund.org/disaster-care
If you have questions, please call us at 888-UCC-FUND or email info@cornerstonefund.org
*This is not an offer to sell securities and is not a solicitation to buy securities. The offering is made solely by the Offering Circular. The Cornerstone Fund securities are unsecured debt securities subject to terms, conditions, and risks, which are described in the Offering Circular, including risk of possible loss of the amount invested. Payment is dependent on Cornerstone Fund’s financial condition at the time payment is due. Cornerstone Fund will offer and sell securities only in states where authorized. Not FDIC or SIPC insured. Not a bank deposit. Not guaranteed by the United Church of Christ. Past performance is no guarantee of future results. Rates subject to change. View the Offering Circular at cornerstonefund.org/offering-circular/
Join the Cornerstone Fund at General Synod 35
The Cornerstone Fund is excited to take part in the United Church of Christ's General Synod 35! Here's where you can find us and learn more about us during the event:
- See the debut of our new documentary at our luncheon on Saturday, July 12, at 11:45am.
- Attend our workshop "Covenant of Mission and Money: How to Invest In and Build Community" on Sunday, July 13, at noon.
- Visit us at our table with the other UCC financial ministries in the exhibition hall all weekend. Meet our staff and leadership and learn more about us.
You can learn more about and register for these events on the General Synod website. See you July 11-15 in Kansas City, Missouri!
2025 UCC Earth Summit, Sponsored by the Cornerstone Fund, Addresses Climate Change and Announces New Partnership
Written by Renee DeLuca
The United Church of Christ’s third annual Earth Summit was held on Saturday, April 26, 2025. Hosted by Brooks Berndt, minister of Environmental Justice, it was held on Zoom and attended by people around the country. This year’s partner was the South Central Conference and First Congregational Church of Fort Worth, Texas, where there was an in person gathering as well.
The event was kicked off by UCC General Minister and President, the Rev. Karen Georgia Thompson, who quoted Jeremiah 29, verse 11, “Where God says, for surely I know the plans I have for you, plans for your welfare, and not for harm to give you a future with hope.” Thompson said she sees a future with hope in this Earth Summit gathering. “There is shared commitment to helping our communities and our neighbors, including those affected by extreme weather and by pollution, which is especially harmful to children and our elderly populations.”
The Rev. Arlene Turner, chair of the Board for the South Central Conference spoke next. Turner described watching a family of eagles from a camera focused on their nest in Big Bear Forest. “We gather today, not only for our ourselves, and our denomination, but we gather to live into our covenantal relationship with this eagle family. Let us learn to listen to nature.”
Berndt later announced a new partnership agreement with Creation Justice Ministries, that will expand the UCC’s Creation Justice Church program into an ecumenical program that will be available to over 30 other denominations. “We will be connecting, uniting, and working with other denominations on creation justice like never before. This will also extend to our new Climate Hope affiliates program, which has from the start been ecumenical,” said Berndt.
“At a moment when faithful environmental action is both critical and urgent, it is inspiring to see the body of Christ come together, offering unique gifts in a shared spirit of purpose,” said Avery Davis Lamb, executive director of Creation Justice Ministries. “Through our growing partnership in the Creation Justice Churches program and our joint advocacy efforts, we have an extraordinary opportunity to energize congregations across denominations, amplifying our collective work of healing God’s planet and God’s people. In this Easter season, this partnership is a living sign of resurrection hope—working together for the restoration of creation.”
Isn’t every day Earth Day?
After sharing the Climate Hope art contest winners, the Summit continued with the introduction of the Jim Antel Lecture keynote speaker, climate scientist and author Katharine Hayhoe. Hayhoe posed a question to the audience, “Isn’t every day Earth Day? Don’t we live on this earth every day? Don’t we depend on the air and the water and the resources that this earth provides to us every single day?” She went on to clarify, “The problem is that we have been treating our earth for decades, and even centuries, as if it were flat and infinite. We are using up the earth’s resources 70% faster than they can regenerate.”
Hayhoe broke this down even further, and crystalized the fact that the planet will be orbiting the sun long after we are gone. “This is quite literally about saving us,” she offered. She encouraged all listening to act, and to hold politicians accountable. Hayhoe concluded, “We have been given a spirit of power to act, of love and of care for others…so if this is what we have, what are we waiting for?” She then took some questions from those gathered.
Burwell award winner announced
The Dollie Burwell Prophetic Action Award was then introduced. Burwell herself joined in the celebration. This year’s winner is the Asylum Hill Congregational Church in Hartford, Connecticut.
Offering hope
The Summit then featured a panel discussion entitled “Climate Justice in a Toxic World.” Three grassroots leaders in the struggle against environmental racism in the Dallas-Fort Worth area spoke: Dr. Marsha Jackson from Southern Sector Rising, Caleb Roberts from Downwinders at Risk, and Emmanual Davis from Justice for Joppa. Hosted by Michael Slatterly, a member of the First Congregational Church of Fort Worth, he introduced each of the panelists and allowed them to share their stories, then took questions from the audience. The panel discussed ways they have fought to bring environmental change to their communities, and how each has made a difference while working with their local politicians and city councils, offering hope to others.
Berndt announced that the speaker for the monthly webinar on May 14 will be Charles Lee, the lead author of a landmark UCC report on toxic waste and race in the United States. “A Relentless Struggle for Justice” will take place at 1 p.m. Eastern, and you can register here.
Berndt then thanked the United Church Funds and Cornerstone Fund for being sponsors, as well as the hosts there in Texas.
You can view the entire Summit here:
https://youtu.be/47s_U8UzcKI?si=2TD9U7g6q9Sqizrg
Cornerstone Fund Helps Break Ground on New Housing Center
Jubilee Housing and King Emmanuel Baptist Church
In March, Cornerstone Fund President and CEO Maria Coyne attended the ground-breaking of the Jubilee Housing’s King Emmanuel Baptist (KEB) Project in Washington, DC. The Cornerstone Fund is thrilled to be one of the lenders, which is a redevelopment of a historic Black church, King Emmanuel Baptist, into 18 units of housing for justice involved individuals (people returning home from incarceration).
“Taking this historic church property and transforming it into something in service to the community really brings our mission to life,” said Coyne at the event. “We are so grateful to be a part of this effort, we are excited about the impact on the community and really appreciate all the parties involved.”
Jubilee Housing leadership feels the same way about working with the Cornerstone Fund.
“From the moment we met with Cornerstone, we recognized a shared sense of mission, values, and a deep commitment to preserving community,” said Jim Knight, President and CEO of Jubilee Housing.
“We were genuinely excited to get to know them and learn more about the important work they’re doing. When one of our original lenders withdrew from the KEB project, Maria and her team stepped in without hesitation—finding a way forward and ultimately serving as the lender for both the construction and permanent phases. That’s what Cornerstone does: they help finance the development of churches, and they do it with compassion, sincerity, and reliability—which I deeply admire. I’m grateful to know Cornerstone and honored to call them a partner in bringing KEB to life.”
The KEB project is adjacent to another Jubilee Housing development, Ontario Place, that is also intended to house justice involved people as well as provide housing for residents with low incomes. Ontario Place will have solar panels and include an aquaponics farm that will produce food for residents and to sale.
According to Jubilee Housing, “Ontario Place will be DC’s first aquaponics farm tied to affordable housing and workforce development. The farm is expected to produce approximately 13,000 crops per month, with a portion of the fresh produce used in the KEB community kitchen, which will serve Jubilee residents.”
Jubilee has been working in the Adams Morgan, Columbia Heights, and Mount Pleasant neighborhoods for over 50 years, with a current portfolio comprising 13 housing projects serving 1,000 plus people. The organization is steadily growing and has several projects in stages from predevelopment to construction.
Photos and artist rendering images courtesy of Jubilee Housing.
Cornerstone Fund Announces Betsey Saffar as New Vice President and Chief Financial Officer
Cleveland, Ohio (October 13, 2023) – Cornerstone Fund is pleased to announce Betsey Saffar as its new Vice President and Chief Financial Officer, effective September 18, 2023. In this Executive Leadership team role, Saffar will lead the Finance and Accounting team, prepare the Fund’s annual Offering Circular, and interact with the Board of Directors regarding the Budget and fiscal matters.
“I could not be more thrilled to have someone of Betsey’s professional caliber and personal compassions join and help lead our team,” Cornerstone Fund President and CEO Maria Coyne said of Saffar.
Saffar brings extensive non-profit and private-sector financial experience and an entrepreneurial spirit to Cornerstone Fund. She previously served as Chief Financial Officer and Executive Vice President of Achievement Centers for Children, a Cleveland, Ohio based non-profit that provides an array of services to children and adults with disabilities. Prior to that, Saffar was an accountant at Ernst & Young and also ran her own catering company.
“I’m thrilled for this opportunity put my financial expertise towards advancing Cornerstone Fund’s mission,” Saffar said. “I’m excited to be a part of a faith-based team that’s committed to investing in and building community.”
After earning a Bachelors Degree from The Ohio State University, Saffar studied Accounting at the Masters level at Cleveland State University and earned an MBA in Applied Management from Indiana Wesleyan University
About Cornerstone Fund
Founded in 1993, the United Church of Christ Cornerstone Fund (Cornerstone Fund) is a 501(c)3 non-profit organization and leading financial organization that provides transformative financial solutions to support and empower faith-based communities. Through strategic, financial investments and partnerships, Cornerstone Fund helps churches and faith-based non-profits achieve their financial goals while fostering community development and economic justice.
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Cornerstone Fund Announces Appointment of Chief Relationship Officer, Rev. Dr. Courtney Stange-Tregear
Cleveland, Ohio (June 6, 2023) – Cornerstone Fund is pleased to announce the appointment of Rev. Dr. Courtney Stange-Tregear as its Chief Relationship Officer, effective May 16, 2023. In this newly created role, Dr. Stange-Tregear will report directly to Maria Coyne, President & CEO, Cornerstone Fund, and will become an integral part of the executive leadership team.
With a wealth of experience and a deep understanding of Cornerstone Fund’s mission, Rev. Dr. Stange-Tregear will lead a relational approach in accomplishing current and future strategic goals. Her responsibilities will include utilizing storytelling, partnership, and community organizing methodologies to nurture relationships with internal and external collaborators of the Cornerstone Fund.
Rev. Dr. Stange-Tregear has been an esteemed member of Cornerstone Fund’s Board of Directors since 2019 and most recently served as Chair of the Governance Committee. Stepping down from the Board to assume her new role, she brings valuable insights and knowledge from her tenure.
Expressing her enthusiasm, Rev. Dr. Stange-Tregear stated, “Having served as a Board Member for several years, I am dedicated to the mission, vision, and ministry of the Cornerstone Fund. ‘Joining together in faith to invest in and build community’ is central to my calling! I have seen with my own eyes the potential of economic justice to transform the world and build beloved community. The Cornerstone Fund is where faith and passion meet strategy and impact.”
Prior to joining Cornerstone Fund, Rev. Dr. Stange-Tregear served as the Acting Conference Minister for the Pacific Northwest Conference of the United Church of Christ. Her experience also includes serving as the Minister for Church Vitality in the same conference from 2016 to 2022, as well as holding pastoral positions in California, Maryland, and Massachusetts.
About Cornerstone Fund
Founded in 1993, the United Church of Christ Cornerstone Fund (Cornerstone Fund) is a 501(c)3 non-profit organization and leading financial organization that provides transformative financial solutions to support and empower faith-based communities. Through strategic, financial investments and partnerships, Cornerstone Fund helps churches and faith-based non-profits achieve their financial goals while fostering community development and economic justice.
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