For over 10 years the Baptist Foundation of Colorado has been serving our member churches. Born out of a desire to help our churches through lending monies for construction and permanent loans, the Baptist Foundation of Colorado has been offering competitive investment opportunities and educational materials to our churches since 2002.
Last Spring, First Southern Baptist Church in Westminster was preparing for youth summer activities – mainly Peak and Summit Camps held at the Ponderosa Retreat and Conference Center in Larkspur. The church requested some assistance from the Foundation to help make it possible for some of the children to attend that would not ordinarily have the opportunity.
As a result of this assistance, 18 people (4 campers and 2 sponsors to Peak Camp; 9 campers and 3 sponsors to Summit) were able to attend the camps this summer. Both groups had an amazing time. All those attending were Christians, but their knowledge of God was increased. Their walk with the Lord grew and their lives were changed.
Two of the youth rededicated their lives to Christ. Since camp, the church’s youth group has grown.
Senior Pastor Roger Odegard says, “God truly moved and all the people were blessed by going. Thank you to the Baptist Foundation for having a huge impact in the lives of our young people.
The primary lending institution for our Colorado churches, with competitive rates.
“On March 15th, First Southern Baptist Church-Canon City celebrated the arrival and installation of a new audio and video system in their sanctuary. The new system replaced a twelve-year old failing one. Thanks to the Baptist Foundation of Colorado, FSBC-Canon City worshippers enjoyed a crystal clear sound and amazing video resolution for the first time. The sound and crisp video have enhanced worship and created a wonderful setting for the members to worship God. One member told Pastor Tom Killgore as he left worship that it was the first time he could actually hear every word of the sermon. The Pastor told him now he had no excuses! The Baptist Foundation of Colorado’s church loan is a gospel multiplier greatly enhancing First Southern’s ability to not only worship God, but also proclaim the gospel message in a powerful way.”
On August 25, 2013, Cornerstone Church in Lone Tree, CO celebrated the completion of the 30,000 square foot addition to its building that was made possible by a $1.75 million construction loan through the Baptist Foundation of Colorado’s partnership with Church Finance Corporation. The addition encompasses a nursery, children and adult classrooms, church offices, as well as a beautiful new foyer featuring a Welcome Center.
“Our Finance Team carefully studied whether to finance our loan with a local bank or with Church Finance Corp.” said Senior Pastor Michael Atherton. “Leadership had a great sense of peace once the decision was made to use Church Finance Corp.” Dave Love, Cornerstone’s Church Administrator explained why. “Despite being offered a slightly lower interest rate from the local bank, our decision was based on knowing there is an added spiritual benefit of the interest we pay going to help other churches. Because Church Finance Corp. is a faith-based organization, the relationship is based on mutual trust which is not always the case with secular financial institutions. And as a result of that trust, they did not require us to hire a project manager to oversee the construction which saved us about $60,000.” Pastor Mike was quick to add “Working with Doug Lohrey (BFC’s CEO) and Martha Speakman (CFC’s Chief Lending Officer) was a real pleasure. We could pick up the phone and have immediate access to them for any reason. I knew they really cared about us.”
Cornerstone Church is in the process of working with the Baptist Foundation of Colorado and Church Finance Corp. for permanent financing. According to Pastor Mike, “You can’t quantify the blessings God bestows on a church by being obedient in reaching people for Christ but we are choosing to allocate our assets to an organization whose mission is to further the Kingdom of God.”
Conley Shelander, senior pastor of Fourway Baptist Church in Fort Lupton, has seen his church grow to approximately 230 attendees over the past 22 years. He was proud to say that Fourway has a longstanding legacy of supporting Southern Baptist missions and that financial stewardship has always been important.
When asked why Fourway chose to partner with the Baptist Foundation of Colorado (BFC) rather than another faith-based or secular organization for the purpose of investing their undesignated discretionary funds, Pastor Conley explained it like this: “We initially had funds invested in a certificate of deposit at a local bank. But as a result of working with Doug Lohrey, we developed a great deal of confidence in the integrity of the Foundation. We were able to get a better rate of return and the money we invest benefits other Colorado churches, especially small churches that struggle to get loans from banks. Plus, it fosters a continued loyalty to and partnership with the Colorado Baptist General Convention (CBGC).”
Partnership and loyalty were the two words that Pastor Conley used over and over to describe the relationship his church has with the CBGC and subsequently the BFC. “I would absolutely recommend that other churches engage with the BFC for their investment and funding requirements. Doug was very caring and oversaw the entire process. We are grateful and proud to be partners with the Baptist Foundation.”
While Fourway Baptist Church cannot directly attribute specific spiritual blessings to their decision to invest with the Baptist Foundation, they certainly have been blessed with kingdom work by participating in ministries like sending mission teams to Senegal where they are in the process of a church plant. “We also sponsor a local radio program where the story of Creation to Christ is told. It’s a huge success!”