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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...