History and Mission
We are a Missouri public benefit corporation that will be supervised and controlled by the United Pentecostal Church International and will operate a loan fund that will provide financing solutions for UPCI churches, schools, colleges, universities, and other affiliated organizations that are religious organizations exempt under Section 501(c)(3) of the Internal Revenue Code (the “IRC”). As a public charity that is affiliated with UPCI, subject to UPCI’s supervision and control and formed for the specific purpose of operating a loan fund that will benefit and support the mission of UPCI affiliated churches, ministries, colleges, agencies and districts, the Fund has requested that it be included in UPCI’s group exemption letter under the provisions of Section 501(c)(3) of the IRC. Effective as of March 24, 2011, UPCI has acknowledged and approved the Fund’s request for inclusion as a subordinate institution that is operated, supervised or controlled by UPCI under its group exemption letter granted by the Internal Revenue Service. As a result, the Fund is entitled to an exemption from federal income tax under Section 501(c)(3) of the IRC as a UPCI affiliated and subordinate entity. Our offices are located at 36 Research Park Court, Weldon Spring, MO, 63304, and we can be reached at (636) 229-7900.
We are offering the Certificates for the purpose of maintaining a church extension loan fund that will enable UPCI affiliated institutions to finance the acquisition, development, construction, refinancing, expansion or renovation of buildings and facilities. We generally make loans only to UPCI affiliated institutions located in the United States and Canada and our loans generally are secured by a first mortgage or deed of trust on the property being financed. We also assist UPCI affiliated churches, organizations and institutions in the development of capital financing plans that enable them to carry out their building and financing plans.