Englewood Fund Info and Application

MID-ATLANTIC MINISTRIES - SERVING BOTH CLASSES HUDSON AND HACKENSACK

Englewood Fund History

In 1969, the original gift in the form of the Property of Englewood Church was given with the stipulation that when it was sold it would be used for "the propagation of the gospel for those churches with critical needs" for Classis Hackensack ministries only. On March 7, 2016, Mid-Atlantic Ministries ("MAM") was approved by Classis Hackensack to become the designated steward and trustee of the Englewood Fund (the "Fund) and Evangelism Grant. There were no documents in the by files that noted when the church property was sold and for how much. The first mention of any money value of the fund was in the minutes of February 17, 1982 where it said: "Treasurer Damsma submitted his treasurer's report as of the end of January 1982. It showed a gross asset figure of $145,434.41." This we have taken to be the fund's original corpus donation. The guidelines also state, "Gifts shall be made from earned income only (interest) and shall ordinarily not exceed the amount of $1,000. Gift requests over $5,000 must have Classis Hackensack approval." When MAM received the books, the assets were at $194,855, despite records showing a previous balance in the amount of $242,000 prior to 2013.1 2

On March 6, 2018, Classis Hackensack voted and approved setting the new corpus donation at $192,000. These funds will be permanently restricted funds, and are now the new principal balance on which interest is accrued to be disbursed for the purpose of Evangelism (see page 2 to apply In order to meet more grant requests, MAM welcomes individual gifts and planned gifts, and has recommended that Classis make plans to continue adding to the Fund. Furthermore, Mid-Atlantic Ministries ("MAM"), sees the investment of the Englewood Fund as an opportunity to provide short-term loans in addition to Evangelism Grants to Christian Reformed Churches in the Classis. 3 The Englewood Loan Fund (the "Loan Fund") will begin in 2018 with the purpose of assisting Christian Reformed Churches with critical needs in Classis Hackensack for the purposes as described below (see pages 3-11 for details & to apply A distinctive feature of the Loan Fund will be its requirement that applicants form strategic partnerships with a preference of but not limited to CRC churches by means of (but not limited to) the co-signing of the approved loan. The Loan Fund is a revolving fund that requires all loans made from the fund be paid off over a 5 year period. 100% of available funds are available for lending each year. Any annual interest not disbursed as a grant will automatically be rolled into the permanently restricted fund and made solely available via the Loan Fund the next year.

2026 DEADLINE for Evangelism Grant applications is May 30th, with funds disbursed as early as June 15th. (Loan Fund applications are currently not being accepted due to MAM restructuring)

REQUEST FOR ENGLEWOOD EVANGELISM GRANT
1) START DATE AND PROJECT DESCRIPTION
A) Start Date of Project

MonthDayYear
2 digit month, 2 digit day, 4 digit yearDate
B) Project Description and Purpose
2) PROPOSED BUDGET FOR PROJECT
A) Proposed Salaries
B) Teaching Supplies
C) Books or Bibles
D) Other Expenses*
*Describe in a few words, what "Other Expenses" you anticipate
TOTAL COSTS (A+B+C+D)

3) AVAILABLE FUNDS FOR PROJECT
A) Designated Funds from Church Budget
B) Anticipated Offerings/Collections
C) Fundraising Activities
D) Potential Other Sources (Grants, etc.)*
*Describe in a few words, what "Potential Other Sources of Income" you anticipate
TOTAL FUNDING (A+B+C+D)

4) TOTAL GRANT REQUESTED
Maximum Grant Requested = Total Costs - Total Funding
5) Has a Grant Been Requested before for this program?
If YES, please state the year(s) and the amount(s) received through the Englewood Fund.
6) ANY OTHER PERTINENT INFORMATION use back of this page if more space is needed

Contact Information
Church
CRC File No
Name of Project Leader

First NameLast Name
Project Leader Email
example@example.com
Project Leader Phone Number
Format: (000) 000-0000.
Signature of Pastor/Elder
Name of Clerk or Treasurer
Address

Street Address

CityState / Province

Postal / Zip Code
Date Submitted

MonthDayYear
2 digit month, 2 digit day, 4 digit yearDate
Should be Empty:

REQUEST FOR ENGLEWOOD EVANGELISM GRANT

1) START DATE AND PROJECT DESCRIPTION

2) PROPOSED BUDGET FOR PROJECT

3) AVAILABLE FUNDS FOR PROJECT

4) TOTAL GRANT REQUESTED

Contact Information