WELS Endowment Fund finishes in 90th percentile of Commonfund study
We have some very exciting news to share with you!
Here’s the technical part of the news:
In the recently released Council on Foundations—Commonfund Study of Investment of Endowments for Private and Community Foundations®, the WELS Endowment Fund’s 2019 net investment return of 22.39% placed in the 90th percentile of the 265 foundations who participated in the study.
So, what does that mean for ministry?
Well, this is great news because the better the investment returns for the WELS Endowment Fund, the more the fund earns. And the more it earns, the bigger the distribution checks will be to our ministries that have an endowment fund through WELS Foundation—and those distributions help fund gospel work. We praise God for his blessings!
Here’s a portion of the September 28 press release:
With 265 participating foundations representing combined assets of $104.7 billion, the Study is believed to be the most comprehensive annual survey of its kind. This is the eighth year that Commonfund Institute and the Council on Foundations—two leading organizations in the field of foundation investment and governance policies and practices—have partnered to produce this research.
Contact us about setting up an endowment fund:
To learn more about how an endowment fund can support your ministry for years to come, contact Executive Director Jim Holm at 414-256-3206.