Expansion Fund
of the Bismarck Diocese
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Annual Reports
2023 Audited Financial Statement
2022 Audited Financial Statement
2021 Audited Financial Statement
2020 Audited Financial Statement
2019 Audited Financial Statement
2018 Audited Financial Statement
2017 Audited Financial Statement
2016 Audited Financial Statement
2015 Audited Financial Statement
2014 Audited Financial Statement
2013 Audited Financial Statement
2012 Audited Financial Statement
2011 Audited Financial Statement -
Expansion Loan Application Process
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BISMARCK Diocese Synod
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What is the Parish expansion fund?
The Parish Expansion Fund is a nonprofit, separately incorporated entity organized to provide a centralized, diocesan managed savings and loan program exclusively for the benefit of parishes. These funds are not available for use by the diocese for diocesan purposes. Each parish account is owned solely by that parish much like a deposit account at any bank. The Parish Expansion Fund, while administered by the Diocese, is in place for the financial benefit of every parish and institution in the Diocese.
The loan portion of the Parish Expansion Fund provides the framework through which these excess parish funds are pooled and then safely and professionally invested. The Parish Expansion Fund uses these pooled funds as a resource to provide the necessary structure through which parishes may request and receive loans for capital projects at favorable rates and terms as compared to what may be offered at their local bank. Without an adequate level of pooled excess parish funds the Parish Expansion Fund would be unable to provide critical financial assistance to those parishes in need of low-cost funding for expansion or remodeling projects. The Diocese is the guarantor of all outstanding parish loans, therefore individual parish deposits are not at risk for defaulted loans.
To request parish funds, we only ask for two business days’ notice to generate a payment to the parish for its requested funds.