Posted: May 10, 2017
Over the past few months ELFEC has been moving money into impact investments. These are defined as investments "made into companies, organizations, and funds with the intention to generate a measurable, beneficial social or environmental impact alongside a financial return". After commissioning a study by an independent consulting group, the ELFEC board approved the investment of a total of $1 million, or about 3% of our total portfolio, in four organizations. All four investments will generate a financial return that compares favourably to our fixed income investments in financial markets... Read More
Posted: April 30, 2017
Making your legacy for tomorrow, count today!
Posted: April 30, 2017
Q1 2017 saw engagement with 10 companies held within our portfolio. Themes discussed included addressing the financing of climate risk with Royal Bank of Canada, Bank of Nova Scotia and Toronto-Dominion Bank, voting on Executive Compensation with H&R REIT, and measuring climate risk with Smart REIT. A full report by company is available here.
Posted: March 27, 2017
For Canadian Lutherans 2017 is a very big year. We’re all aware that this is the 150th anniversary of Confederation and the 500th anniversary of the Protestant Reformation. But did you know that it is also the 20th anniversary of Lutheran Planned Giving? Read more !
Posted: February 1, 2017
ELFEC’s Board of Directors are pleased to share a few strategic changes to our investment portfolio to better our fulfill our mandate as Responsible Investors. Recent changes included: Exiting our holdings in the Montrusco Bolton Canadian Equity Income Pooled Fund. Purchasing individual stocks modelled on the Equity Income Strategy. Selling bonds issued by two companies involved in tar sands oil production. Selling shares in oil and gas companies involved in the Exploration and Production (E&P) sub-sector. Re-investing capital by purchasing shares in a renewable energy company. As well as... Read More
Posted: January 24, 2017
Q4 2016 saw engagement with 10 companies held within our portfolio. Themes discussed included respecting international Human Rights with Agrium Inc and Goldcorp Inc, addressing the financing of climate risk with Royal Bank of Canada and Toronto-Dominion Bank, and investing in Decent Work with Magna International Inc, Dollarama Inc and CGI Group Inc.A full report by company is available here.
Posted: November 11, 2016
ELFEC grant money provided to National Worship Conference, helped to offset travel bursaries and extra honorariums for special guests who joined the conference from Six Nations in Brantford, who shared with attendees their experiences of music camp and the important work of building right relationships between our Lutheran/Anglican Churches and our brothers and sisters at Six Nations. A full report can be read here.
Posted: October 21, 2016
• In-kind transfers of stocks or bonds are normally completed within 10 working days after the authorization is received at the office of Royal Bank Investor Services (RBIS). If your donation is made near the end of the calendar year, the transfer authorization form must be received by RBIS no later than December 10 to ensure that the transfer is completed by December 31 and the donation receipt can be dated in the current calendar year. • In-kind transfers of mutual fund units may take 20 or more working days to complete. If your donation is made near the end of the calendar year, the... Read More
Posted: October 8, 2016
Q3 2016 saw engagement with 12 companies held within our portfolio. Themes discussed included respecting international Human Rights with Agrium Inc and Goldcorp Inc, addressing the financing of climate risk with Bank of Nova Scotia and Royal Bank of Canada, and Protecting & Preserving Clean Water with Peyto Exploration and Development Corp.A full report by company is available here.