How the Fund Operates

Endowment Fund Pooled Trust

Starting Balance & Deposits
Participation in Fund A can be started with a minimum initial investment of $25,000, which is assigned units according to the Fund’s current unit value at the time the investment is received. Thereafter, deposits of $2,000 or more may be made at any time and will be credited to your account balance at the current unit value. Current unit value is the unit value of the Fund on the last day of the preceding month. There is no fee for opening an account or for making additional deposits.

Congregations and other institutions of the ELCA are encouraged to seek the assistance of an ELCA Foundation Regional Gift Planner. As part of their ministry, ELCA Foundation Gift Planners specialize in helping people make gifts that fund endowments for any and all institutions of the church. ELCA Foundation employees never receive commissions.

Even if your organization is still working toward the $25,000 needed for participation in Fund A, there are options for investing within the ELCA.

Minimum Balance
The minimum account balance is $25,000.

Management Fee
The total management fee for administration and investment management is one-twelfth of 1 percent (1/12 percent) per month of your account’s balance. The fee is deducted on the last day of each month.

Quarterly Distributions
As an endowment investment vehicle, Fund A issues distribution payments on the last business day of each calendar quarter (March, June, September and December) based on an annual distribution percentage in accordance with current policy of the ELCA Endowment Fund Pooled Trust’s trustee, the Endowment Fund of the ELCA. Fund A participants may opt to have their quarterly payments reinvested automatically, or request a different distribution percentage.

Withdrawals
A withdrawal may be requested by submitting a withdrawal form to the ELCA Foundation. The minimum withdrawal amount is $2,000. There is no withdrawal fee.

Closing Withdrawals
An account may be closed by submitting a closing withdrawal form to the ELCA Foundation. The closing withdrawal amount is calculated using the month-end market value of the month during which notification is received. This results in the funds of the account being distributed approximately mid-month of the following month, with distribution expected no later than the end of the following month. There is no fee for closing an account.

Quarterly Statements
Participants in Fund A receive quarterly account statements by mail and are eligible to view monthly account activity at Endowment Fund Online.

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.