About the Fund

Endowment Fund Pooled Trust

 

Participation in the ELCA Endowment Fund Pooled Trust
Endowment Fund “A” (Fund A) of the ELCA Endowment Fund Pooled Trust, administered by the ELCA Foundation with the ELCA Board of Pensions acting as investment advisor, manages assets entrusted to it by congregations, synods, and other organizations of the church, along with assets of the permanent endowments of the ELCA’s churchwide ministries.

Only ELCA-related institutions are eligible to participate in this fund that is exempt from most security registration requirements in accordance with the Philanthropy Protection Act of 1995.

The ELCA Foundation invites ELCA congregations and other institutions to invest in Fund A. A detailed Confidential Disclosure Statement, including an application form, is available to representatives of eligible organizations by calling the ELCA Foundation at 773/380-2970 (or 800/638-3522, ext. 2970).

Pooled Trust Investments include:

  • Professional investment management
  • No fees for deposits or withdrawals
  • No commissions
  • Social purpose investing
  • Investment and distribution structure designed to meet state statutory requirements for endowments
  • Easy to read quarterly statements and reports
  • Online access to monthly account activity
  • Flexible options for distributions, deposits and withdrawals

Experienced Investment Management
When pooled in Fund A, your institution’s endowment assets are managed and invested by professionals associated with the Fund’s investment advisor, ELCA Board of Pensions. The ELCA Board of Pensions manages over $7 billion.

Sub-advisors of the Fund’s investment portfolio include: AllianceBernstein Holding L.P., AXA Rosenberg Investment Management LLC, Barclays Global Investors N.A., BlackRock Financial Management, J.P. Morgan Asset Management, Baillie Gifford Overseas Limited, SEI Investments Co., Shenkman Capital Management, Inc., T. Rowe Price Associates, Inc., Cohen & Steers Capital Management, and Standish Mellon Asset Management.

Economies of Scale in Investing
Your organization’s assets are pooled with the accounts from many other ELCA congregations, synods, agencies and institutions, and the permanent endowment funds of ELCA churchwide ministries. When you pool your organization’s assets in this unitized fund with the accounts of others, the larger aggregate fund allows a diversity of investment that may not otherwise be available, especially with regard to social purpose investing. Investments are made, to the extent practicable, in accordance with the ELCA’s guidelines for socially responsible investing.

Investment Objective: Growth and Income for the Long Term
The Fund is structured to provide participants with a stable, quarterly stream of distributable investment income (comprised of interest, dividends and capital gains realized by the Fund) that grows over time approximately in line with the expected long-term rate of inflation. The Fund also seeks to provide participants with long-term capital appreciation. Fund A’s target asset allocation is 50% U.S. equity, 15% non-U.S. equity, 20% investment grade fixed income, 10% high yield fixed income, and 5% real estate securities.

Disclosure Statement Availability
To receive a Confidential Disclosure Statement containing more details about Fund A’s investments, risks, and administration, please call 773/380-2970 (or 800/638-3522, ext. 2970). The disclosure statement includes financial statements of the ELCA Endowment Fund Pooled Trust, a recent quarterly performance report, and a set of forms, including an application form. Please read the disclosure statement carefully before investing.

The statements above do not constitute an offer to sell, or a solicitation of an offer to buy, to any person in Mississippi.