MMBB Distributes $831,000 to Retired Clergy and Lay Employees

From Ministers & Missionaries Benefit Board <[email protected]>
Date Fri, 12 Nov 2010 11:45:03 -0500 (EST)

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MMBB Distributes $831,000 to Retired Clergy and Lay Employees

"Thank You" Checks Distributed to 4,000 American Baptist Church 
Retirees

For further information, please contact:

Harold Leibovitz - [email protected] 
[mailto:[email protected]] 
or 212-870-8053
NEW YORK, NY, November 12, 2010 - The Ministers and Missionaries 
Benefit Board ("MMBB")
has distributed $831,000 to approximately 4,000 retired American 
Baptist Churches
("ABCUSA") ministers, missionaries and retired lay employees. These 
funds are distributed
annually in the form of "Thank You" checks to express appreciation to 
individuals
who have served ABCUSA for 15 or more years.

"MMBB was founded nearly 100 years ago to promote the better 
maintenance of the 
ministry," noted MMBB's executive director, Sumner M. Grant. "The 
'Thank You' checks
we distribute just before Thanksgiving are an important part of our 
effort to fulfill
this mission."

The Retired Ministers and Missionaries Offering (RMMO), an annual 
ABCUSA offering,
provides funding for the "Thank You" checks distributed to clergy. 
This year's RMMO
offering will take place at most ABCUSA churches on Sunday, December 
5.

MMBB's endowment provides the funds for "Thank You" checks to lay 
employees, continuing
a tradition begun in 1980. As Sumner Grant noted, "We are humbled by 
the dedication
of our retired clergy and staff, and we are fortunate to be able to 
express our 
appreciation each year."
Notes for Editors:
1. MMBB (www.mmbb.org) is a church-based financial services 
organization promoting
the better maintenance of the ministry by providing and administering 
retirement
 investment benefits and life, disability and health insurance for 
churches and 
related organizations.
2. Founded in 1911, MMBB manages more than $2 billion in assets for 
the benefit 
of its members and their dependents.
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