FREQUENTLY ASKED QUESTIONS:

 

IS SOIL A NONPROFIT CORPORATION?

SOIL Sangre de Cristo
is a 501(c)3 as a project of Full Circle Alliance, Inc. acting as our fiscal sponsor.  All contributions are tax deductible. After the contribution is received you will be sent a letter documenting the tax deductible, membership purchase.

 ARE THESE LOANS OR GRANTS?

They are o% interest loans. The loan committee works out the details for loan repayment with the applicant. A promissory note is written between the loanee and SOIL Sangre de Cristo with the terms. We track on calendar when payments are due and stay in communication with the awardees for progress reports.

CAN A MEMBER VOTE
BY PROXY?

Yes. Please send chair@soilsangredecristo.org a message requesting more information about this membership benefit.

WHAT IS MY RESPONSIBILITY AS A MEMBER?

Please attend the annual meeting, held in March. Members will vote for the loan distributions. If you care do more as a volunteer, it is always welcome.

WHAT IS THE TRACK RECORD, SO FAR, WITH THE PAYMENTS ON AWARDED LOANS?

All 7 loans awarded since 2020 (the year this program started) are current with payments being made on a timely basis.