Latest News

Posted: April 18, 2022
ELFEC is continuing our matching partner grant program for 2022, with the purpose to support projects that respond to and help with recovery from the COVID-19 pandemic within your own community. We are also looking to support projects that address social needs and/or environmental impact in their church community. What are we looking for? We are looking for project proposals from partner organizations, which we can support with a grant of up to $3,000 but not more than 75% of the total project costs. Grants are available for activities that make a social impact focused on the elimination of poverty in Canada, specifically magnified by the current pandemic. As well as projects which support Reconciliation with Indigenous peoples and advancement of Indigenous social and economic goal. Additionally, projects which promote the sustainable use of our environmental resources, including the atmosphere, land and water. Further details are available here.Read more
Posted: April 6, 2022
The Foundation's invesment, a 5-year community bond, with Windmill Microlending was made in 2018. This impact investment has not only provided predictible returns for our ELFEC and our investment partners, but made a significant impact for new immigrants in Canada who benefit from Windmill's loans and coaching programs. In 2021, immigration accounted for almost 100% of Canada’s labour force growth and nearly 80% of our population growth. Despite the invaluable contributions by immigrants to Canada’s community and economic well-being, there remain significant barriers to achieving prosperity. Immigrants have lower employment income than non-immigrants, and this discrepancy is even greater amongst immigrant women, racialized immigrants, and for immigrants admitted in the family and refugee class. Windmill’s loans and coaching supports are important tools for addressing this problem, and our community bond continues to resonate with investors across Canada. To date, Windmill has raised over $18 million in community bonds. Thanks to community-minded investors such as ELFEC, the program has become a keystone source of loan capital to meet the needs of Canadian newcomers who come to Windmill for help in financing their accreditation to restart their careers. For Windmill’s 21-22 fiscal year end, loan approvals are on track to exceed last year’s and, most importantly, our clients continue to triple their incomes and repay their loans.Read more
Posted: March 7, 2022
ELFEC is delighted to announce a new collaborative partnership with the Saskatchewan Synod of the Evangelical Lutheran Church in Canada. This extends ELFEC’s successful offerings of investment support programs, charitable grants and fundraising services across the county. This is another significant milestone in ELFEC’s continued growth such that the charity now supports over $70 million in investment. “Through a tough time for many, ELFEC has managed to grow its partnerships with a strong track record of investment products, programs and services offering clear results to Canadian charities” said volunteer board Chairman, Bill Gastmeier. In the past several years, ELFEC has almost doubled its supported ethical investments and expanded its fundraising and charitable work” Gastmeier added. Rev. Dr. Sid Haugen who leads the Saskatchewan Synod as Bishop noted that “after exploring the needs of the synod and the benefits of ELFEC, the Saskatchewan Synod was pleased to select ELFEC as its partner. We trust that ELFEC’s investment and charitable support efforts will meaningfully support the Synod and other expressions of the Church in meeting our near and long-term goals.” Further details available here.Read more
Posted: January 9, 2022
A Gift of a Lifetime: Providing a Charitable Gift it Through Your Will Many people want to help their favourite charity or cause by providing a gift through their Will and worry it will take away from what they leave for their family or friends. Learn how you can have it both ways by giving in your Will. We are pleased to have Jennifer Stebbing, Lawyer at Ross & McBride LLP, speak to you about legacy giving and how your estate can take advantage of tax benefits. Click here to watch webinar recording. About the presenter, Jennifer Stebbing, B.A. (Hons.), J.D., LL.B., CPCA, LL.M. (Tax), EPC, C.S. Jennifer Stebbing is a partner at Ross & McBride LLP and the Chair of the Estate and Trust practice group. Jennifer practices in the areas of estate planning, administration, and accounting. She earned her JD from Michigan State University and her LL.B. from the University of Ottawa. She is active in the Hamilton Law Associate Estate and Trust section. Jennifer is the Chair of the Hamilton Conservation Foundation and the Vice-Chair Canadian Celiac Association. Jennifer has an LL.M. specializing in Tax from Osgoode Hall Law School and recently earned the Certified Specialist in Estates and Trusts designation from the Law Society of Ontario.Read more
Posted: October 27, 2021
We are pleased to be a Signatory of the Canadian Investor Statement on Climate Change. Read the full Statement here: https://www.riacanada.ca/investor-statement-climate-change/Read more
Posted: October 25, 2021
Please find attached our transfer form to be completed for any transfer of securities. Transferring publicly traded securities to our congregations or another charity, you will experience a greater tax advantage than by donating the same amount in cash. To learn more about the advantages of making a donation of securities, please watch our recorded webinar on the subject. • 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 17 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 transfer authorization form must be received by RBIS no later than November 29 to ensure that the transfer is completed by December 31 and the donation receipt can be dated in the current calendar year.Read more
Posted: October 13, 2021
About this Webinar: A Tax-Efficient Way to Give Did you know, when you sell publicly traded securities privately, you are taxed on 50% of the capital gains? However, if you give the securities directly to charity as a gift-in-kind, you pay no tax on the capital gains and receive a donation tax receipt for their full market value. Join Greg Kippers, CFP as he explains how to give a gift of publicly traded securities to a charity of your choice. Learn when it may be best for you to provide this gift - now, in the future, or through a gift in your Will. Time will also be provided for Q&A regarding this or other financial planning questions you may have. Hosted by ELFEC (Lutheran Foundation of the ELCIC), the Anglican Diocese of Ottawa, and the Anglican Diocese of Niagara. Date and time Tuesday, October 26, 2021 at 12:00 PM – 1:00 PM EDT Click to Register HereRead more
Posted: October 12, 2021
ELFEC is delighted to announce its tradition of socially impactful investments, which keeps with its faith-based, ethical investment paradigm, continues with recent support being offered to Indwell Community Homes. Indwell is a Hamilton-based charitable organization which has a long and successful track-record of creating and operating affordable housing communities that support people seeking, health, wellness and belonging. Indwell’s affordable housing programs primarily support individuals with low incomes and disabilities (primarily mental health). “Through a multi-year investment ELFEC has provided meaningful support to address a range of issues that are important to ELFEC and our partners which includes helping to find shelter for some of our most vulnerable citizens” said, ELFEC Chair, Mr. Bill Gastmeier. Full ReleaseRead more
Posted: October 1, 2021
We’re looking forward to connecting with you this Fall with monthly Planned Giving webinars. This is a sneak peak of what is coming up. November 9 – We join with the Canadian Foundation for Economic Education (CFEE) to discuss financial planning now and for the future , especially designed for people 50 or better. Topics covered will include government programs and things to think about as you approach retirement and beyond. Register here. December 7 – Many people want to help their favourite charity or cause by providing a gift through their Will but worry it will take away from what they leave for their family or friends. Learn how you can have it both ways by giving in your Will. Your Gift of a Lifetime: Providing a Charitable Gift Through Your Will, with Jennifer Stebbing, Lawyer at Ross and McBride LLP. Register here. For additional details, contact: Kathryn Smith, Giving Advisor | ksmith@elfec.ca | 519-831-3427 or toll free at 1-888-308-9461Read more
Posted: September 27, 2021
You have more power to make a difference to your church and your community than you may realize. Even leaving a small portion of your estate in your Will to support the mission of your congregation can result in a bigger contribution than you ever thought possible, while still supporting those you love. In short, you can do both ! ELFEC is excited to share that it has partnered with Will Power, a national effort to show Canadians the power they have to do more with their Will. We encourage you to try out the easy to use legacy calculator on our Will Power page, https://www.willpower.ca/charities/elfec to see how a gift in your Will can support and strengthen the ministries you most deeply care about. You may be surprised to see that a gift of even 1% left to your congregation or the wider church in your Will can have an enormous impact, while still leaving 99% of your estate for loved ones. There are many benefits to giving in this way, including some potentially significant tax savings. Take a look at the free resources and tools on the Will Power website to learn about better ways to give , and connect with financial advisors to discuss how to maximize your donations. If you have questions about supporting the mission of your congregation or the wider church through ELFEC, please don’t hesitate to connect with ELFEC today at ksmith@elfec.ca or by calling 1-888-308-9461 x2. ELFEC is here to help. Kathryn Smith | Giving Advisor | ksmith@elfec.ca | 1-888-308-9461 x2 P.S. Did you know that you direct how you want your gift to be used? Your gift, made in faith, hope and love, will continue to make a difference. Learn more by visiting our Will Power page here https://www.willpower.ca/charities/elfecRead more

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