Your donation helps create tangible, positive change to people and communities throughout Maine—and beyond.
Your donation to the Genesis Fund helps us to continue to provide technical assistance to small nonprofit groups to create affordable housing and vital community facilities in Northern New England. This professional technical assistance is often provided at low or no cost to small nonprofits who lack the resources to pay, but have the drive and determination to create a better community. With your help, Genesis Fund is able to provide the assistance they need to be successful. The affordable housing project or vital community facility that is created brings tangible, positive change to our communities now and well into the future.
Gifts to the Genesis Fund are tax-deductible to the full extent permitted by law. Unrestricted and permanent fund donations are often matched by foundations and government grants. This allows Genesis to leverage them and bring in even more funds for our communities. Since 1992, Genesis Fund has provided high-quality technical assistance at low or no cost to a variety of local groups working to create affordable housing and community facilities where they are needed most.
People deserve a dignified way of life and some control over their lives. My mother is a good example. She is almost 86; all she wants is to live her life independently in her current home until she can’t.
Investment loans to the Genesis Fund create affordable housing, community facilities, and jobs. It’s easy and you can earn up to 3.5% interest! An investment loan to the Genesis Fund helps build our pool of lending capital while you earn interest. You tailor the investment loan to fit your needs.
Check out our downloadable Genesis Fund Investment Program Information and Investment Program Risk Management brochures for additional information - or just download our individual or institutional investment forms to get started!
The Genesis Fund provides a unique investment opportunity for socially concerned individuals and institutions who want to put a portion of their assets to work for long-term community redevelopment in Maine, New Hampshire and Vermont. Your investment loan will be used to make loans to sustainable projects that address vital community needs, and will help leverage additional public and private support for affordable housing and facilities projects. In return, you receive a modest financial return on your investment, and the satisfaction of knowing that your investment is making a difference for communities throughout Northern New England.
Your investment loan will provide direct support for affordable housing and community facilities projects. This support will come in the form of a loan to a nonprofit organization that will be repaid over time. As loans are repaid, they become available for new projects, and are “revolved” back out for other projects that meet critical community needs.
The Genesis Fund does not solicit investments beyond our capacity to lend the money for community purposes. Your investment will begin supporting local affordable housing and facilities projects soon after we receive it. Through our annual updates, you’ll gain a better appreciation of the impact of your investment. We also encourage you to sign up for our E-Newsletter and follow our Facebook page for updates on new and ongoing projects that we are supporting.
Investors in the Genesis Fund choose the amount, term and interest rate based on their financial and social goals. Individual investors are eligible for interest rates up to 3.5%. The minimum investment is $1,000 and the minimum term is 1 year. Simple interest is paid annually.
While no guaranty is given, the Genesis Fund has a record of 100% repayment to our investors. We maintain reserves to protect investors from losses in our portfolio, and secure the loans we make with collateral, typically a mortgage on real property. We also maintain a net asset position that would enable us to cover substantial losses. There is no FDIC insurance on the funds, and in extreme economic conditions, the funds could be at risk.
In the event that unforeseen circumstances may make it necessary to terminate an investment before maturity, we will work with you to try to repay the principal balance and outstanding interest in a timely manner, but no guaranty can be given.
There are no clearly identifiable tax benefits at this time; however, donations to the Genesis Fund are tax-deductible to the full extent permitted by law. Many investors choose to donate their annual interest and make a provision for loan forgiveness in their estate plan.
Once you have determined the amount, term and interest rate for your investment, please contact us and we will generate the necessary documents. Please contact us at (207) 844-2035 or by email at email@example.com to discuss the details of your investment loan.
On the anniversary of your investment, we will provide you with an update on our activities and, as appropriate, interest and principal payments. Additional information such as audited financial statements may be provided upon request.
The Genesis Community Loan Fund is perceived as trustworthy. Having them in a deal is like a stamp of approval and demonstrates the quality of the project.