Features
Endowment Fund Pooled Trust
Quarterly Distributions
As an endowment investment vehicle, Fund A issues quarterly payments (March, June, September, December) based on an annual distribution percentage. Fund A investors may opt to have their quarterly payments reinvested automatically, or request a different distribution percentage.
Management Fees
The management fee is one-twelfth of 1 percent (1/12 percent) per month of your fund's balance. It is deducted on the last day of each month. This fee is all inclusive, covering all management and investment costs of your account.
Starting Balance & Deposits
Investments with the Trust can be started with a minimum initial investment of $25,000. Thereafter, deposits of $2,000 or more may be made at any time and will be credited to your account balance on the next valuation date (which is generally the last business day of every month).
Minimum Balance
The minimum fund balance is $25,000.
Distributions and Withdrawals Distributions are made on the last business day of each calendar quarter (March, June, September, and December), in accordance with the current policy of the Endowment Fund of the ELCA, the Pooled Trust's Trustee. Additional withdrawals may be requested by written notice to the ELCA Foundation. The minimum withdrawal is $2,000. There is no withdrawal fee.
Closing Withdrawals Fund A accounts may be closed by submitting a closing withdrawal form to the ELCA Foundation. The account balance will be distributed at the end of the month following the month notification is received.
Disclosure Statement Availability
To receive a Disclosure Statement containing more complete information, including expenses, risks and an application form, please call 800/638-3522, ext. 2970. 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 or Vermont.