MB Foundation sets record for charitable distributions

Mennonite Brethren Foundation Mennonite Brethren Foundation

Mennonite Brethren Foundation set a record in 2021, reaching $13 million in gift distributions by donors. The 427 charities and ministries designated by donors included educational institutions, mission organizations, MB conferences and congregations.

Assets under management grew to more than $327 million, a 9% increase from 2020. The loan portfolio ended the year over $100 million for the first time. In 2021, loan financing helped three churches purchase their first facility.

The foundation gave $180,000 to the U.S. Conference of Mennonite Brethren Churches and $67,000 in financial health grants to MB pastors. The financial health program promotes financial awareness and good stewardship habits for pastors and churches.

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