Church of God Foundation, Inc. Announces New Investment Opportunities
Donald Aultman, president of the Church of God Foundation, Inc., Cleveland, Tennessee, announced today that on July 29, 2013, the Foundation was recognized by the Tennessee Division of Securities, as a Church Extension Fund. Aultman noted that “The Board of Directors has envisioned this accomplishment since August 2010.” He noted further, “Most everyone thought that this process would take at least five years. The Church of God Foundation Board of Directors and staff have performed something close to a miracle.”
Aultman
The Tennessee Division of Securities monitors investment activities in the state of Tennessee. Like most states, Tennessee investment and operation standards flow from the North American Securities Administrators Association, Statement of Policy. Since Aultman worked in higher education for 24 years, he views the Tennessee Division of Securities function and standards as being somewhat analogous to a regional accrediting association’s role in the accrediting of colleges.
This recognition changes some aspects of the Church of God Foundation’s operation in Tennessee; it simplifies reporting, reduces restraints on operations, and increases the potential to accept new investment funds. On this point Aultman comments, “The Foundation continues to receive investment funds as the need arises for loans to the churches we serve. The Church of God Foundation is approaching the point which I envisioned when I assumed the role of president.”
The following are the current Foundation investment levels and annual interest rates:
$ 15,000 3 %
$ 50,000 3.5%
$100,000 4 %
$200,000 4.5%
$300,000+ 5 %
The Tennessee Division of Securities approved a $20 million Offering by the Church of God Foundation Inc.—more than half of which has already been subscribed. Anyone who has an interest in discussing an investment or receiving a current Offering Circular, contact: Don Aultman, [email protected] or Clayton Watson, [email protected].
