Posted: November 11, 2019
ELFEC recently finalized our latest impact investment in Emmaus Place, an affordable housing project in Langley, BC. Located on property belonging to Shepherd of the Valley Lutheran Church (SVLC), Emmaus Place will provide 82 units of affordable housing in apartment and townhouse suites. Rev. Kristen Steele, pastor at SVLC, said, “We're very excited that ELFEC is investing with our project partners, Catalyst Community Developments, to help make our affordable housing project, Emmaus Place, possible. This development of housing for seniors and families has been a vision this congregation has... Read More
Posted: November 5, 2019
ELFEC’s board of directors recently made the decision to transfer management of our investment portfolio to Fiera Capital. There were two primary considerations in the decision process: generation of sound financial returns; and execution of our commitment to Responsible Investment. Each of the firms that made our short list demonstrated the capacity to do both, and each had strengths that convinced the board that they could do a good job for us. Both the investment committee and the board engaged in a thorough analysis before coming to the conclusion that Fiera offered the best option for... Read More
Posted: October 29, 2019
Please find attached our transfer form to be completed for any transfer of securities. • In-kind transfers of stocks 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... Read More
Posted: October 16, 2019
Q3 2019 saw engagement with 10 companies held within our portfolio. Themes discussed included Climate Transition, Human Rights and Decent Work. A full report by company is available here.
Posted: October 2, 2019
Missed the Webinar? A link to the recording is: https://recordings.join.me/ReK4bTY-AEuhCjTDD73Yqg Did you know that by transferring publicly traded securities to our congregation or another charity, you will experience a greater tax advantage than by donating the same amount in cash? To take advantage of the tax benefit, the donation has to be in-kind – meaning there is a transfer of the shares themselves. We invite you to find out more about making donations of securities to your congregation, both now or later in your will. Learn more by joining us for an informative half-hour... Read More
Posted: July 17, 2019
Q2 2019 saw engagement with 11 companies held within our portfolio. Themes discussed included Accountable and Effective Governance with significant progress made with SmartCentres REIT and positive dialogue with Enbridge with both themes of Investing in a Just Transition and Investing in Reconciliation. A full report by company is available here.
Posted: April 29, 2019
Q1 2019 saw engagement with 7 companies held within our portfolio. Themes discussed included Investing in a Just Transition with significant progress made with Fortis Inc and positive dialogue with Algonquin Power & Utilities Corp. Other themes included investing in decent work and human rights. A full report by company is available here.
Posted: April 12, 2019
We've just made it easier for congregations like yours to access professional investment management for money you have set aside for the future. Our new Small-Cap Managed Fund allows you to invest amounts as small as $25,000 with ELFEC while retaining ownership of your assets. Now there's a way to invest congregational funds other than bank accounts and Guaranteed Investment Certificates. For a decade, congregations have been able to open a Managed Fund with a minimum of $50,000, and more than 30 have done so. Now the Small-Cap Fund, with most of the same features as its older sibling,... Read More
Posted: April 1, 2019
We are very excited to announce enhancements to our Managed Partner Program, we are now offering congregations the opportunity to partner with us in a Small-Cap Managed Partner Fund. ELFEC offers congregations and faith-based charitable organizations the opportunity to pool their investments with ours. Our partners benefit from professional investment management in accordance with an Investment Policy that emphasizes preservation of capital, generation of reasonably predictable stream of income, capital growth while ensuring Responsible Investing policies are followed. We now offer two... Read More
Posted: March 27, 2019
Each year SHARE develops an engagement plan in consultation with us, outlining where we will focus our collaborative efforts to improve corporate sustainability performance. A short public summary of the themes we’re discussing with Canadian companies is now available here.