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Oct. 27, 2019
2020 Annuity Adjustments Approved
Minneapolis — Each fall at the board of trustees meeting, Portico recommends adjustments to monthly variable annuity payments, annual dividends, and the bridge fund crediting rate for the ELCA Participating Annuity Trust. This year, the board o...
Oct. 13, 2019
Impax Reports Positive Environmental Impact for 2018
Impax Asset Management is a U.K.-based global stock investment manager making a worldwide difference by investing in companies that employ measurable positive environmental strategies, including wind farms, solar technology, and wastewater-reduction ...
Sep. 15, 2019
2019 Churchwide Assembly Again Calls Portico to Action
As the primary decision-making body of this church, the ELCA Churchwide Assembly gathered its more than 900 voting members in Milwaukee Aug. 5 – 10 under the theme “We are church.” In addition to re-electing the Rev. Elizabeth Eaton...
Aug. 12, 2019
Innovation Brings Low 2020 Health Rate Increase & More Support
Portico’s Board of Trustees approved an average baseline health contribution rate increase of 4% for 2020 for sponsoring organizations, including congregations, synods, seminaries, and the churchwide organization. This is the lowest increase in...
Jul. 08, 2019
First Report on Green Bond Impact
In September 2017, Portico invested $25 million in a green bond strategy through Nuveen Asset Management. This social impact first (SIF) investment was designed to create positive environmental impact via four of our eight ELCA social purpose (SP) fu...
Apr. 28, 2019
Bank of Palestine Investment Helps Strengthen Community
Two years ago, Portico announced its positive social impact first (SIF) investment in Bank of Palestine through the three ELCA Social Purpose Balanced funds and the ELCA Social Purpose Bond fund. This $1 million, five-year certificate of deposit was ...
Apr. 14, 2019
Portico Implements New ELCA Human Rights Screen
This month, the ELCA’s largest institutional investor, Portico Benefit Services, announced two recent actions supporting the 2016 Churchwide Assembly resolution, Justice for the Holy Land Through Responsible Investment.
First, on April 1, Po...
Mar. 31, 2019
Key Legal Victory for Clergy Housing Allowance
On March 15, 2019, in response to the latest court challenge to the long-standing clergy housing allowance exclusion set forth in section 107(2) of the Internal Revenue Code, the U.S. Seventh Circuit Court of Appeals unanimously upheld the exclusion&...
Feb. 17, 2019
Portico Recognized for Innovating to Improve Health, Rein in Costs
The Rev. Jerry Trantham has dropped 65 pounds and brought his blood sugar to a healthy level.
Allison Ramsey has been feeling more energetic and upbeat.
And the Rev. Pam Illick has...
Feb. 17, 2019
Impax Investment Continues to Deliver
Portico’s 2016 social impact first (SIF) investment made through Impax Asset Management continued to deliver valuable environmental impact in 2017.
Impax, a global stock investment manager, is making a world-wide difference by investing in com...
Dec. 30, 2018
Portico Launches Personalized Online Wellness Tool
Portico’s annual wellness program kicks off Jan. 1 for members and spouses covered by ELCA-Primary health benefits. Entering its 12th year, the program invites eligible participants to earn wellness dollars as they complete specific activities design...