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ELCA Foundation
The ELCA Foundation was established in 1988 as a separately incorporated ministry of the Evangelical Lutheran Church in America. It develops gifts and manages...
ELCA Foundation
The ELCA Foundation was established in 1988 as a separately incorporated ministry of the Evangelical Lutheran Church in America. It develops gifts and manages assets on behalf of congregations, synods, and related entities. The Ministry Growth Fund holds the core endowment and targets a diversified mix of US and international equities, fixed income, and alternatives. Confirmed holdings through the fund include positions in Cambridge US Private Equity, HFRX Global Hedge Funds, and S&P Global Infrastructure. The foundation also manages donated residential, commercial, and farmland assets across the United States. The team numbers 13 professionals based in Chicago. The foundation maintains relationships with Fund Evaluation Group as outsourced CIO since 2023 and BNY Mellon Trust as custodian. In July 2024 it sponsored the ELCA Youth Gathering in New Orleans. The foundation operates as a church ministry rather than a conventional endowment, with investment decisions routed through committees that include ELCA treasurers and external advisors.
General information
Firm type
Endowment / Foundation
Year founded
1988
Location
Region
North America
Country
United States
City
Chicago
Corporate office
8765 W Higgins Road, Chicago, IL, United States
Principals
Chuck Self
Investment Committee Chair
Eric Golberg
Chair of the Investment Committee for the endowment fund
Lori Fedyk
Chair of the Audit, Risk, and Investment Committee
Sector focus
Frequently asked questions
Who runs investment decisions at ELCA Foundation?
Chuck Self serves as Investment Committee Chair. Eric Golberg chairs the endowment fund committee. Lori Fedyk chairs the Audit, Risk, and Investment Committee.
Does ELCA Foundation participate in fund commitments or only direct deals?
The Ministry Growth Fund holds limited partner positions in Cambridge US Private Equity and HFRX Global Hedge Funds alongside direct real estate gifts.
Where does the underlying wealth come from?
Assets originate from gifts and endowments tied to the Evangelical Lutheran Church in America and its congregations and synods.
What asset classes does ELCA Foundation hold?
Holdings include US and international public equities, fixed income, alternatives, donated real estate, and marketable commodities.
How is ELCA Foundation related to the Evangelical Lutheran Church in America?
It functions as a separately incorporated ministry of the ELCA with its own board and investment committees.
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