ELFEC Programs and Services Clearly Resonating with Stakeholders
ELFEC is delighted to announce that we surpassed $60M in assets under management this month with the support of Canadians across the country. Having passed the $50M milestone in the fourth quarter of 2020, ELFEC continues to grow, even amidst the global pandemic caused by COVID-19.
“This significant milestone speaks strongly of the programs and services we offer Canadian charities around ethical investment, fundraising and charitable work” said volunteer board Chairman, Mr. Bill Gastmeier. “ELFEC’s achievements are all the more noteworthy when you consider that our work is managed by a small part-time team of staff and management supported by a dedicated group of leadership volunteers.”
“Buoyed both by organic growth and strong investment returns, the $60 million dollars in managed assets is a clear validation of the importance of ELFEC’s role and speaks to the charitable intentions and goals held by so many Canadians” reports Lee Gould, the foundation’s Executive Director.
A vision of the Eastern Synod of the Evangelical Lutheran Church in Canada (ELCIC), ELFEC has been supporting Canadian charities from coast-to-coast, disbursing over fifteen-million dollars over the past decade and offering expert services. In addition to robust ethical investment programs, ELFEC offers fund development support services including strategic planning, coaching and active fundraising such as planned giving through its Lutheran Planned Giving (LPG) initiatives.