MORAVIAN FOUNDATIONS
Loans offer Larger Life to Northern Province congregations
T
his year, the Larger Life Foundation of the Northern Province (LLF) celebrates its 100th anniversary of providing financial support to core agencies and individual congregations in the U.S. and Canada. Previous articles in The Moravian during 2020 describe the 100 year history of the Foundation, and illustrate Larger Life’s support for Moravian core agencies. Initially, the Foundation’s assistance was in the form of specific amounts paid yearly to core agencies such as The Board of World Mission and The Moravian Open Door. In 2011, the Foundation began making outright grants to a number of Northern Province congregations and ministries, as determined by the board of trustees of the Foundation. For many years, Larger Life has made loans available to individual congregations. From 1987, the earliest year for which there are accessible records, to the present, Larger
Life has made 29 loans to 22 churches in the Northern Province, totaling nearly $800,000. Larger Life Loans The loan program is designed to assist Northern Province congregations with “big ticket” capital projects, such as renovations, new building and expansion, and acquisition of land and/or buildings. It is not designed to support operating expenditures or shortterm, smaller-cost projects. “The Larger Life Foundation assisted Millwoods Community Church in providing funds for the purchase of a parsonage when a new pastor who was answering the church’s call required a parsonage,” said David Jones, board vice-chair for Millwoods, located in Edmonton, Alberta. “The previously-owned parsonage had been sold in order to raise funds for sanctuary renovations. Hence time was of the essence, and the Foundation came through with the needed support. “We repaid the Foundation’s loan well in advance of the 20-year term. We were very
The Larger Life Foundation has made 29 loans to 22 to churches in the Northern Province, totalling
NEARLY $800,000 since 1987.
14
The Moravian
