Fund A (Endowment Fund Pooled Trust) has been renamed to better communicate the benefits of the fund. The Ministry Growth Fund of the ELCA Foundation is a long-term, stable and socially responsible endowment fund that provides distributions to grow ministry, now and well into the future. The fund was designed specifically for congregations, synods, seminaries and other affiliates of the ELCA.
The Ministry Growth Fund of the ELCA Foundation allows for the collective long-term investment of funds belonging to the ELCA and its affiliated ministries. Participation in the fund requires an initial investment of $25,000 and subsequent deposits of $2,000 or more. Participants retain ownership of funds, receive quarterly statements and have online access to monthly performance reporting. The Ministry Growth Fund does not charge a fee for withdrawals or for opening or closing an account. However, the Ministry Growth Fund does assess a monthly management fee. For more information, email the ELCA Foundation to receive a Confidential Disclosure Statement.
Contact your regional gift planner to learn more about how the Ministry Growth Fund may encourage and increase ministry opportunities within your congregation and community!