Program provides more than $900,000 to help people facing financial needs
Sharing Fund supports social and service programs through mutual aid
GOSHEN, Ind.—More than 2,000 families across the country received more than $924,000 in needed financial assistance last year as part of a unique Everence grant program.
In 2011, the Everence Sharing Fund program provided these matching grants to 811 congregations. The grants help people facing financial distress because of lost employment or medical bills, or struggling to pay for basic living expenses. The program also supports other church needs like community aid or service projects.
When the matching contributions of the congregations, chapters and employers are factored in, the total impact comes to more than $2 million.
“The Sharing Fund makes us unique among financial services firms because we use a portion of our profits to support the financial needs of local congregations and communities,” said Larry Miller, president and CEO of Everence.
“Our mission is to use this money to help people with basic needs—whether it is funding food pantries or helping people pay their heating bill.”
The Everence grants are funded primarily by members who own Everence products or use Everence Federal Credit Union banking services. Because of the organization’s unique tax status, money that would be paid in federal taxes is instead distributed through mutual aid programs like the Sharing Fund.
Everence staff, financial representatives and board members also contribute to the Sharing Fund. Everence also receives direct contributions from others who support the program.
To donate to the Sharing Fund, visit Everence.com or call 800 348-7468, ext. 3301.
Everence helps individuals, organizations and congregations integrate finances with faith through a national team of advisors and representatives. Everence offers banking, insurance and financial services with community benefits and stewardship education. Everence is a ministry of Mennonite Church USA and other churches. To learn more, visit Everence.com or call 800 348-7468.
Everence offers credit union services that are federally insured by NCUA. We also offer securities and other products that are not federally insured and are subject to loss of principal. All products are not available in all states.
For more information, contact Phyllis Mishler, member benefits manager, at 574 533-9515 ext. 3301 or Phyllis.Mishler@everence.com.