Trustees appointed 89 new missionaries for a total missionary count of 5,569. Fourteen more missionaries are delayed being appointed to field service because their houses in the States have not sold yet. The March appointment service would have been the IMB’s fourth largest group of appointees had the 14 missionaries been able to participate.The International Mission Board of the Southern Baptist Convention has millions upon millions of dollars in a capital reserve account. It would seem wise to me for a portion of those funds to be pulled out of traditional investments (the stock market, C.D.'s, etc . . .) in order to purchase the homes owned by missionaries who have been vetted and approved by the International Mission Board, but are having trouble selling their homes. Some may not know that IMB policy requires missionaries to be mortgage free before going on the mission field. It would be easy for trustees to draw up a simple policy requiring impartial appraisals and the use of an agreed upon formula to determine the fair market price that the IMB would pay the missionary for his/her home. Then, when the missionary is on the field, the IMB would sell the house, pocketing either the profit or absorbing the loss. The IMB is well equipped to handle the additional real estate transactions, closing on hundreds of real estate properties around the world every year. Adding a few additional transactions during the course of a year, properties located in the United States, would not be difficult - and it would allow our missionaries to get to field in an expeditious manner.
In my opinion it is the best possible investment for IMB capital funds.
In His Grace,