Well, the steady rollout of press releases from the Michigan Interfaith Trust Fund continues this week, and our blog readers are getting a sneak peek. You can download a PDF version of the Press Release here.

FOR IMMEDIATE RELEASE

For additional questions contact:
Christine A. Coady, President/CEO
Michigan Interfaith Trust Fund
1000 S. Washington Ave
Lansing, MI 48910
517.372.6001 ext 120
Email: ccoady@interfaithtrust.org

Michigan Interfaith Trust Fund Announces Increased Endowment Match Program In Partnership With Community Foundation

Lansing, Michigan, August 10, 2006—Michigan Interfaith Trust Fund (MITF) has a unique opportunity to significantly increase the size of its endowment at the Community Foundation for Southeastern Michigan through participation in an expanded matching-fund incentive program to build regional philanthropy.

Last year, MITF was accepted to participate in the Community Foundation’s Increasing Regional Philanthropy program, in which new gifts of $1,000 or more to Michigan Interfaith Trust Fund at the Community Foundation earn a match of $1 for every $2 of gift. The Community Foundation recently increased the total match dollars MITF may earn under this program. This means that MITF now has the potential to raise an endowment of $1.5 million to benefit MITF forever. This endowment would be made up of $1 million in gifts and the newly amended maximum match amount of $500,000.

Matching funds will be available on a first-come, first-matched basis through December 31, 2008, or until the matching pool is exhausted. Donors interested in making a match-eligible gift to MITF’S endowment fund at the Community Foundation are encouraged to contact Christine Coady at (517) 372-6001 or the Community Foundation for Southeastern Michigan at (313) 961-6675. Full details of the match program are also available on the Community Foundation for Southeastern Michigan’s Web site, www.cfsem.org.

The Michigan Interfaith Trust Fund fosters economic and social justice by providing loans and technical assistance for affordable housing and economic development throughout Michigan. For more information about MITF, please visit interfaithtrust.org.

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The wait is finally over... our 2005 Annual Report is finally available!

The new Annual Report has all sorts of useful information about our organization, including:

• A letter from President Christine Coady, former Board Chair Gene Kuthy, and current Board Chair Nancy Walker
  
• A Statement of Financial Position
  
• A list of our investors
  
• Information about MITF's loan capital and where it's working in the State of Michigan
  
• Details about MITF's various loan programs
  
• Photos and quotes from our borrowers, investors, and grant recipients

You can view the Annual Report here as a PDF file. Please note that the PDF weighs in at a whopping 61MB, so dialup users beware.

If your name is already on the MITF mailing list (meaning you receive a copy of our Community Quarterly Newsletter in the mail), we will be sending out complimentary copies of the Annual Report very soon. If your name is not on the mailing list, and you would like to receive a free copy of the Annual Report, please take a moment to send us your contact information.