How is my endowment fund invested?
Your endowment fund is invested in the WELS Endowment Fund. The Endowment Fund seeks long-term capital growth with some current income and is designed primarily for endowment funds. It has a target asset allocation comprised of 75 percent equity and 25 percent fixed income and has a long-range investment time horizon.
When are the funds from my endowment distributed to ministry?
Funds from your endowment will be distributed each July to the ministry or ministries you have designated.
How is my endowment fund distribution calculated?
In technical terms, the amount distributed from your endowment fund to ministry is currently 4% of the prior 16-quarter (or since inception) rolling average market value of the fund as of June 30 each year. Contact us at WELSFoundation@wels.net or 414-256-3251 if you have questions about your annual distribution to ministry.
When will I get a statement about my endowment fund?
You will receive a statement for your endowment fund each January.
Can I (or others) make additions to my endowment fund?
I’d like to update the purpose and history of my endowment fund in your records. How can I do that?
We’d love to help you with that! Updating this information in your endowment records (or adding it to your endowment records) can help convey the purpose of your endowment to others and even encourage others to set up similar endowments of their own. Contact Ann Jahns at firstname.lastname@example.org or 414-256-3255 if you would like to do this.
WELS has two main endowment funds that provide ongoing and increased financial support to synod missions and ministerial education.