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 The FJC Agency Loan Fund
A Mission-Based Investment Option

The unique FJC Agency Loan Fund (ALF) provides secured loans to charitable organizations. Often these organizations have limited access to other credit sources. The loans are made at prime rate plus 3 percent. There are no fees or pre-payment penalties to the borrower.

Decisions about whether to provide a loan are made by FJC’s Loan Committee. The Committee generally meets with a loan applicant’s representatives to review the application, including the organization’s financial statements, staff and board of directors, description of available collateral, and to discuss the structure of the potential loan. Applicants must be able to convince FJC that:

• The cost and viability of the project are logical and achievable;
• The applicant can both pay the loan’s debt service and maintain operations;
• The loan can be repaid in full;
• The applicant has in-house or outside expertise to manage the project;

The net return on the FJC Agency Loan Fund is credited to FJC accounts that select this investment option and will ultimately be directed to a worthwhile charitable organization. The return varies with changes in market interest rates and utilization ratios.

The net return on the FJC Agency Loan Fund is credited to FJC accounts that select this investment option and will ultimately be directed to a worthwhile charitable organization. The return varies with changes in market interest rates and utilization ratios.

The interest earned by the FJC Agency Loan Fund is credited to the donors’ accounts, thereby increasing the funds available for grants. FJC manages the liquidity of the ALF to ensure that account holdings invested in the FJC Agency Loan Fund are available for grants at any time.

The loans are frequently made to provide bridge financing for agencies awaiting government and other funding and to address short-term needs. Some of the loans have helped finance the establishment of group homes for the disabled, classes for special needs children, programs at community centers for the aged, adult literacy programs and support for young recovering drug addicts.

The loans provide critical, timely financing that enable charities to accomplish their missions.

Since FJC began making loans to nonprofits in 1995, it has advanced loans to more than 125 different charitable agencies. To further protect its account holders, FJC has collateralized the FJC Agency Loan Fund with government bonds.

FJC is pleased to announce the creation of the Green Building LOAN Fund (GBLF) to encourage non-profit organizations to reduce their use of fossil fuels. Through the GBLF, FJC will provide five-year loans to credit qualified organizations for projects that increase fuel efficiency in all forms including heating, cooling, electrical use and transportation. The GBLF will also provide funds for renewable energy projects including solar electric, solar water heating, wind turbines and geothermal heating systems.