News

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.

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.”

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 and -treatment techniques.

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.

In September 2017, Portico invested $25 million in a green bond strategy through Nuveen Asset Management.

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 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.

On March 15, 2019 the U.S. Seventh Circuit Court of Appeals unanimously upheld the exclusion’s constitutionality in Gaylor v. Mnuchin.

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.

Portico’s 2016 social impact first (SIF) investment made through Impax Asset Management continued to deliver valuable environmental impact in 2017.