INVESTING IN THE GENESIS FUND

January 2008

New year brings higher interest options to Genesis investors  (learn more...)

Read stories from our supporters in our new brochure
"Be a Part of Our Work"

 

Individual and Institutional Investments

The Genesis Community Loan Fund welcomes investment loans from those who wish to direct some portion of their invested savings toward expanding housing opportunities and building stronger communities. Current investors include individuals, religious organizations, businesses, foundations and other institutional lenders.

Lenders to the Genesis Fund may set the amount of the loan, the term, and the interest rate. They are asked to consider the needs of the ultimate borrowers in relation to their own needs when settling upon the terms. Loans of more than one year are preferred; the minimum amount is $1,000. Interest rates may vary from 0% to near market rates. Of course, the lower the interest, the more favorable are the terms Genesis can offer its borrowers.

Lenders may place special conditions on the use of their money: geographical area within Maine, type of project, or even specific nonprofit recipient. Genesis accepts loans whenever there is reasonable certainty that the monies can be placed responsibly in accordance with both the lender's wishes and the Fund's mission and charitable purpose.

Repayment

Genesis makes payments of simple interest on the loan anniversary each year. Principal is normally repaid in a lump sum at the end of the loan period. Amortization of principal may be requested.

Security

Genesis has a 100% repayment record. Investors are secured in three ways. First, we maintain loan loss reserves to protect investors from any losses in our loan portfolio. Second, all loans are secured with collateral, typically a mortgage on real property. Third, our solid permanent capital position is adequate to cover any losses from our own equity. As with all investments, however, some risk exists.

Donors

Donations are welcome and are tax-deductible. Grants and gifts may be unrestricted or designated for operating expenses, loan capital, or technical assistance. Gifts to cover administrative costs make it possible to pool all investment capital and allocate it entirely to community projects.

Forms

View/Download an Investment Prospectus (pdf)

View/Download an Authorization of Terms (pdf)

View/Download     Investor FAQs (pdf)

View/Download a summary of recent projects (pdf)