ELCA Foundation insights February 2021

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  year end gifts  
Before leaving office, President Trump signed into law the Consolidated Appropriations Act (CAA) of 2021, which extended, ended or modified some of the provisions of the expiring 2020 CARES Act. Your philanthropic intent may be impacted by some of these changes.
  • Your ability to deduct up to 100% of your adjusted gross income (AGI) through a cash contribution to charity is extended through the end of 2021.
  • Nonitemizers (married filing jointly) may deduct up to $600 in charitable deductions. The deduction in 2021 is to taxable income, not AGI.
  • Corporations may contribute 25% of their taxable income in the form of cash and food inventory to public charities through the end of 2021.
  • The 2020 CARES Act suspended Required Minimum Distributions (RMDs) from qualified accounts such as IRAs. This suspension was not mentioned in the CAA, and thus it is understood that for 2021, RMDs are reinstated for those over age 70½.
How are donors employing these changes?
These changes allow donors to benefit their beloved charities through expanded tax benefits. The reinstatement of RMDs reminds us that the Qualified Charitable Distribution might be used to benefit charity while satisfying the RMD and earning us tax benefits. Donors might also consider making larger gifts of stock or opening named endowments while these extensions are in place. This type of giving fulfills our charitable hearts — and our strategic, tax-savvy heads!

You can learn more about the Consolidation Appropriations Act of 2021 by reviewing this helpful resource provided by our trusted partner PG Calc. Each individual’s situation is unique and should be explored with their professional charitable team. The ELCA Foundation’s regional gift planners are available to meet with you to discuss how to support both your family and your charitable goals.
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  Charitable Gift Annuity  
Ensure that the support you provide to your congregation and ministries can continue into perpetuity with a named endowment fund. Named endowments are a flexible tool allowing individuals, families and groups to provide annual support to the ministries and organizations they care about most. You can name up to 10 charitable beneficiaries, which can include your congregation, your favorite ELCA ministries, and other nonprofit organizations. These funds continue in your name, provide a great way to grow your legacy and allow others to join you in supporting the cause. Contact your regional gift planner to discuss your next steps.
“At a Glance:
Named Endowment Funds”
  Fund for Leaders  
Women have great potential to bring lasting change to their communities, yet around the world, social and political structures deny them equal access to education. In observance of International Women’s Day (March 8), and thanks to a group of generous donors, all gifts to the ELCA’s International Women Leaders program will be matched — dollar for dollar — until we reach $50,000. Your gifts provide scholarship support to young women from our global companion churches who excel in their studies and have shown great potential to lead their communities. Give today and invest in the future of women leaders all around the world.

Interested in making a long-term impact? Ask your regional gift planner how a planned gift or a gift to an endowment can benefit the International Women Leaders program for years to come.
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Forth Quarter Market Snapshot: Endowment Fund Pooled Trust — Fund A
The S&P 500 saw continued gains in the fourth quarter of 2020, following a moderate third quarter and a sharp rally in the second. Equities rallied 12.1% on the quarter, following a quarter in which they gained 8.5%. Equities continued to rally as investors cheered the much-anticipated $900 billion stimulus package and the start of vaccine distribution, as well as robust economic data and easy monetary policy. Both developed- and emerging-market international equities outperformed the U.S. in the fourth quarter.

During the fourth quarter, Fund A returned 10.75% net and 12.00% net for the full calendar year. The Static Market benchmark returned 9.74% on the quarter and 13.90% on the calendar year. Fund A outperformed the Static Market benchmark by approximately 100 basis points on the quarter on the back of strong performance from the Non-U.S. equity allocation and outperformance from the fixed-income portfolio. Download the quarterly report.


Designed specifically for congregations, synods, seminaries and other affiliates of the ELCA, Fund A provides a socially responsible, collective, long-term investment option for endowments that support your ministry.
Meet your regional gift planner

Your regional gift planner is here to partner with you as you explore a variety of ways to love and serve our neighbors with your charitable giving. Regional gift planners provide expertise and guidance for individuals and congregations, without cost or obligation. It is our ministry to be of service. Schedule a meeting now!




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