In addition, we have assisted hundreds of California Southern Baptist families in the last ten years with finalizing their wills and trusts, and those families have committed over $250 Million to Kingdom causes!

But while our core ministry continues to prosper, our church finance work is not doing as well. The ravages of the Great Recession have negatively impacted the income of many churches across the country and that has led to a significant increase in defaults and foreclosures. As a result we have been forced to reorganize our church finance division. Here are some of the changes taking place:

• Strongtower Financial, Inc. is winding down and going out of business. We are developing an ongoing relationship with Share Financial a bond company in Texas to help our bond customers.

• The Church Loan Fund is being liquidated by Reliance Trust Company and the proceeds are being distributed to investors, but that process will take several years.

• The Church Capital Fund is being restructured, and while we are hopeful that that we can accomplish a successful restructure we cannot say with certainty what will happen to the fund.

• We continue to offer assistance to our churches with finding the best source of financing for their projects, but in the short term we will not be the primary source for those lending needs. Rather, we will be working with other financing organizations.