For the second year in a row, the WELS Endowment Fund’s net investment return placed in the 90th percentile of the foundations that participated in the 2020 Council on Foundations—Commonfund Study of Investment of Endowments for Private and Community Foundations®. The investment returns for the WELS Endowment Fund were 22.39% and 21.22% in 2019 and 2020, respectively.
“This is a tremendous blessing to WELS organizations that have an endowment fund through WELS Foundation, because the distributions from the endowments help fund ministry,” says Mr. Jim Holm, WELS Foundation executive director. “This year, WELS Foundation distributed a total of $3.5 million to gospel work from more than 350 endowments. We praise God for his blessings!”
The 2020 study marks the ninth year that Commonfund Institute and the Council on Foundations have partnered to produce this research. With 260 participating private and community foundations representing combined assets of $115.4 billion, the study is believed to be the most comprehensive annual survey of its kind.
The WELS Endowment Fund is one of four portfolios managed by WELS Investment Funds, a self-supporting subsidiary of WELS. Synodical endowments, along with endowment funds benefiting WELS congregations and WELS-affiliated ministries, are invested in the WELS Endowment Fund.
To set up an endowment fund or learn how an endowment fund can support your ministry for years to come, contact Jim Holm at firstname.lastname@example.org or 414-256-3206. Learn more about WELS Foundation at wels.net/foundation.