MB Foundation gives grants for COVID -19 relief
MB Foundation has made grants of nearly $700,000 to benefit Mennonite Brethren churches, ministry, and people.
More than $340,000 was paid back to borrowers in the form of a borrower relief grant. The grants equal one month’s interest and were issued as checks to every church, organization and home loan borrower to aid them in meeting expenses or caring for others.
Loan modifications were earlier extended.
“We pray this loan relief provides strength and stability to our borrowers during a time of great need and uncertainty,” said Jon Wiebe, president and CEO of MB Foundation.
The foundation also made a $350,000 contribution to the COVID-19 Church Relief Fund. The fund was established to support MB churches so they could maintain financial stability and continue to meet the needs of members.
“This year will not be a good year in the traditional sense, but we are very excited to make resources available to our church family and bear one another’s burdens during this unprecedented season of distress,” Wiebe said.
Last modified May 14, 2020