In 1955, Friends General Conference created a way for Quaker meetings to borrow money to help build, buy or renovate their meeting houses.

Developed by the Advancement Committee of FGC, the Friends Meeting House Fund (FMHF) is based on the simple concept of a mortgage pool. Friends and meetings can lend (with interest) a portion of their savings to the FMHF, thereby creating a large pool of money. That money can be lent to meetings for construction, renovation or purchase, with the loans secured by mortgages held by the Friends Meeting House Fund.

During the 50-plus years the Fund has been in existence, it has lent or granted over $4,000,000 to more than 195 Quaker meetings in 18 yearly meetings. Inquiries and requests for loans continue to be received from meetings all over North America, indicating healthy growth within the Society of Friends.

The Friends Meeting House Fund is organized as a Pennsylvania non-profit corporation managed by a ten-member Board of Directors appointed by the Central Committee of Friends General Conference. Represented within its membership is experience with architectural practice, property management, fiscal planning, and real estate lending.