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Overview

Overview. The offer Three big questions Next steps Discussion. The ELFEC offer. We create a managed fund for your congregation You continue to own the assets We manage your money We pay you income annually

tobias-stewart
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Overview

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  1. Overview • The offer • Three big questions • Next steps • Discussion

  2. The ELFEC offer • We create a managed fund for your congregation • You continue to own the assets • We manage your money • We pay you income annually • You have freedom from investment decisions: “What will we do when the GIC matures?”

  3. Three big questions • What kind of returns will you get? • How does it work? • Is ELFEC a trustworthy partner?

  4. Our lawyer’s fine print • Investment returns are affected by factors which are out of ELFEC’s control • ELFEC offers no promises or guarantees of future investment performance • Return numbers are offered as a historical overview only • Returns are displayed after fees deducted: 1% ELFEC; 0.30% investment manager

  5. Historical returns

  6. How a Managed Fund works • Your congregation’s name on fund • You remain owner of assets • Possibility of capital transfers back • Add to principal at any time • Annual income and reporting • Minimum size $50,000 • Administration fee 1% annually

  7. A trustworthy partner • ELFEC is a federally incorporated (2006) charitable foundation registered with the Canada Revenue Agency • “To responsibly preserve and manage the financial resources entrusted to the Church by past and present generations to enable investment that provides for thefuture mission of the Church.”

  8. ELFEC Portfolio Total = $ 14,483,654

  9. ELFEC’s record Disbursements 2008-2012 * Beginning in 2009

  10. Investment philosophy • Goals: • Capital preservation • Reasonably predictable stream of income • Capital growth to offset inflation • Constraint: • Responsible Investment

  11. Current directors • Allan Greve (retired hospital CEO) • Rev. Dr. Mark Harris (WLS prof) • Susan Heard (retired bank VP) • Laurie Kitchen (Chartered Accountant) • Bill Kuehnbaum (retired prof & union exec) • Sam Marcuson (retired mining exec) • Wendell Schlumberger (former inv. analyst) • JaninaVanderpost (retired pension regulator)

  12. Congregation Decide on amount Review agreements and provide comments Sign agreement Write cheque ELFEC Prepare agreements for review Respond to questions Make revisions as necessary Sign agreement Invest money Next steps

  13. Your congregation and ELFECin partnership? Your congregation’s picture here ELFEC would be delighted to welcome your congregation as an investment partner

  14. Questions? Please visit us at www.elfec.ca Download detailed information

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