The Cornerstone Fund recognizes the importance of protecting our planet and believes that every organization is responsible for reducing its environmental impact. To help churches be catalysts for Creation Care change in their communities, the Cornerstone Fund created the Creation Care Investment and Loan program. Investors* who care deeply about Creation Care and addressing the detrimental effects of climate change can make an impact investment* in the Cornerstone Fund. Your investment allows the Cornerstone Fund to offer lower subsidized loan rates to United Church of Christ congregations taking action on climate change

Investors will agree to a 3.00% rate of return on their investment, giving up some short-term return for an investment that will yield a long-term return for our planet. These investment funds will then be loaned at 5.00% (for the first $100,000) to churches and other faith-based organizations to fund projects to improve their properties’ environmental impact and reduce their carbon footprints.

This applies to the 36-month note, and terms and conditions apply. See the Offering Circular for more details.

To reduce their carbon footprints, United Church of Christ congregations are undertaking projects such as:
— Installing solar panels
— Replacing boilers with energy efficient HVAC systems
— Installing geothermal power
— Making energy efficiency improvements to buildings

These improvements also bring tremendous savings by lowering energy bills and frequently qualifying for local, state, and federal clean energy rebates.

Investment* Details

Term: 36 months
Interest rate: 3.00%
Minimum Investment Amount: $500

Loan Details:

• Eligible Projects: Projects that reduce our carbon footprint will be considered
• Loan Type: 3-year adjustable-rate term loan, fixed at 5.00% for 3 years, then adjusted to the prevailing rate with rate adjustments every 5 years; 3 year balloon notes also available
• Amortizations: 3 through 30 years available
• Maximum Creation Care Funding: $100,000 (supplemented with ordinary Cornerstone funding for larger projects)
• Minimum Loan amount: $10,000
• Application Fees: None – The only fees that are passed on to borrower are the actual fees incurred in the loan approval and closing process: e.g., title & legal fees
• Payments: Interest-only payments are available during construction for up to 12 months, after that principal and interest. Automated payments via ACH are required.

The Cornerstone Fund team understands that every project is unique, and we are committed to helping you explore your financing options and select one that suits your church’s needs.