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Church Building Fund

The American Church Dictionary and Cyclopedia

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A very important and helpful organization exists in the American Church known as "The American Church Building Fund Commission." It was established October 25th, 1880, by the General Convention and consists of all the Bishops, and one clergyman and one layman from each Diocese and Missionary Jurisdiction appointed by the Bishop thereof, and of twenty members-at-large appointed by the Presiding Bishop. Its object is to create by an annual offering from every congregation, as recommended by the General Convention, and by individual gifts, a Fund of One Million Dollars, portions of the principal to be loaned, and of the interest given, to aid the building of churches wherever needed. In order to hold property and carry on the work of loaning money on mortgage in a safe and legal manner, it was necessary to organize a corporation and this was done under the laws of the State of New York, the title of the organization being that given above. This commission is one of the most efficient agencies in Church extension; many a mission through its aid being enabled to erect a House of Worship, which otherwise would have had to give up in despair and abandon all hopes of having the Church's worship and administration of the Sacraments.