Diocesan Foundation

The purpose of the Diocesan Foundation Inc. is lending money to parishes, missions and other institutions within the Diocese of Atlanta.

The low-interest rate loans provide funds for new construction or renovations of the worship, educational or social areas of the parish. Funds may also be made available for the purchase of new equipment or building maintenance emergencies.

Parishes may finance a maximum of $200,000 for up to 15 years.

The foundation also lends money to the clergy of our diocese for assistance with the down payment on the purchase of a home. The clergy may finance up to $25,000 for a maximum of 10 years.

The Diocesan Foundation's Board of Trustees meets annually and elects 10 members for staggered terms of five years. All loans are considered on the basis of availability of funds at the time of application. All new loans are subject to the interest rate currently in effect. Rates are subject to change and are determined by the foundation's board.

PLEASE NOTE: Any parish planning any new construction, renovations or purchasing or selling property should always brief the Bishop before proceeding. This may be done by contacting the Canon to the Ordinary, the Rev. Canon Richard Callaway. The Diocese of Atlanta Building and Financing Manual provides information about the entire process necessary for a parish planning such a project.

For information on clergy housing loans, please contact the Rev. Canon Richard Callaway, rcallaway@episcopalatlanta.org