1 / 10

Primitive Methodist Investment Foundation, Inc.

Sharing Faith Building the Future of Primitive Methodist Churches One Brick at a Time. Primitive Methodist Investment Foundation, Inc. -PM Investment Foundation, Inc- What is it?. The PMIF is a not-for-profit corporation. It is a separate legal entity under the PM Conference.

rroyal
Download Presentation

Primitive Methodist Investment Foundation, Inc.

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Sharing Faith Building the Future of Primitive Methodist Churches One Brick at a Time Primitive Methodist Investment Foundation, Inc.

  2. Primitive Methodist Investment Foundation, Inc. Phone: (570)287-2888 Robert J. Thomas, CPA, Treasurer -PM Investment Foundation, Inc-What is it? The PMIF is a not-for-profit corporation. It is a separate legal entity under the PM Conference. It has existed since 1969 (43 years old). It promotes the growth and development of the PM Church in the US and abroad. It establishes an investment fund to make loans available to PM churches. It provides initial financing to new churches. It provides capital improvement financing to existing churches.

  3. Primitive Methodist Investment Foundation, Inc. Phone: (570)287-2888 Robert J. Thomas, CPA, Treasurer How can I assist thePMIF achieve its purpose? Invest with the PMIF in a Hybrid Savings account. Make a tax deductable contribution to the PMIF in the furtherance of God’s work. Plan a gift to the PMIF upon your home going: Bequest by will – Name the PMIF as a beneficiary in your will. Life insurance policy – Name the PMIF as a beneficiary on a life insurance policy.

  4. Primitive Methodist Investment Foundation, Inc. Phone: (570)287-2888 Robert J. Thomas, CPA, Treasurer Invest in a Hybrid Savings Account PMIF pays its investors competitive savings account rates (currently 2.0%) for any size investment for any period of time. Funds invested are available to the investor upon demand. Simple interest is calculated daily and is paid or added to the investor’s account every 6 months (semi-annually). Account statements are mailed semi-annually following interest payment.

  5. Primitive Methodist Investment Foundation, Inc. Phone: (570)287-2888 Robert J. Thomas, CPA, Treasurer Hybrid Savings Account Questions Is their any minimum amount I must invest? No. Any amount is accepted for investment and accounts may be earmarked for certain purposes (i.e. education fund, vacation fund, etc.) Can I add to my account? Additions to, or withdrawals from your account can be made at any time. Are my funds available when I need them? Yes. Funds are generally available with 1-3 business days of notice. Are my PMIF investments FDIC insured? No. PMIF funds are not FDIC insured as the PMIF is not a bank. Funds invested with the PMIF are SIPC insured with our investment manager.

  6. Primitive Methodist Investment Foundation, Inc. Phone: (570)287-2888 Robert J. Thomas, CPA, Treasurer Hybrid Savings Account Questions(continued) May my family members open accounts with the PMIF? Yes. Family members investments and gifts are welcome. Can I transfer my retirement savings accounts to the PMIF? No. The PMIF does not have the capability to receive pre-tax contributions from retirement savings accounts. Does the PMIF interest rate paid on investments change? Yes. It can change based upon PMIF Board direction. Any interest rate change is communicated in the next semi-annual statements to PMIF members.

  7. Primitive Methodist Investment Foundation, Inc. Phone: (570)287-2888 Robert J. Thomas, CPA, Treasurer Become a PMIF member today! A census of PMIF participation includes the following: 548 PMIF individual and institutional members. 913 Hybrid Savings accounts open. $10.6 million invested. Over 100 loans made to PM churches over the PMIF’s existence. 31 loans currently outstanding. $1.1 million in loans to PM churches outstanding. We want you as a PMIF member - Open a PMIF account today by calling (570)287-2888.

  8. Primitive Methodist Investment Foundation, Inc. Phone: (570)287-2888 Robert J. Thomas, CPA, Treasurer How do I find out more information about the PMIF? Ask your Pastor about the PMIF. Ask your Conference Delegate about the PMIF. Ask a fellow church member about their PMIF experience. Contact the PMIF office by phone at: (570)287-2888. Contact the PMIF by email at: rjthomas63@gmail.com. Contact the PMIF by fax at (570)283-8295. Visit the PMIF web pages on the PM Conference site at: http://www.primitivemethodistchurch.org/pmif.html.

  9. Primitive Methodist Investment Foundation, Inc. Phone: (570)287-2888 Robert J. Thomas, CPA, Treasurer Thank you for your time and consideration! Sharing Faith Building the Future of Primitive Methodist Churches One Brick at a Time

  10. Primitive Methodist Investment Foundation, Inc. Phone: (570)287-2888 Robert J. Thomas, CPA, Treasurer Primitive Methodist Investment Foundation, Inc.

More Related