Endowment Model 2010 Payout Rate

The Investment Committee of the United Methodist Foundation of New England has set the 2010 payout rate for the Endowment Model at 3.5%.  The drop in the recommended payout rate from 4.0% in 2009 to 3.5% is due primarily to the current protracted low interest rate environment... 

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Socially Responsible Investing

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UMFNE's Social Screening Policy for Sudan

The United Methodist Foundation of New England was established in 1991 to:

• assist United Methodist churches and agencies in the management of their endowed/reserve funds;

• assist United Methodists in making major gifts to their churches and to United Methodist agencies;

• provide grants and financial assistance to support local church ministries and projects that meet direct human need.

The Foundation has established and administers three socially responsible Collective Investment Pools (“Pools”): the Stock Pool, the Fixed Income Pool and the Money Market Pool that emphasize social justice and social usefulness as well as financial return and financial security. 

Specifically the "Pools";

• avoid investments in companies with significant revenues from tobacco, alcohol, gambling, armaments, and pornography industries;

• invest in companies that make a positive contribution to communities and person;

• advocate responsible corporate behavior through exercise of common stock proxy voting rights.

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 U.M. Foundation System-Wide Software Upgrade

Successfully Completed!

We are delighted to announce that our system wide software conversion has been successfully completed. Your United Methodist Foundation continues to work hard in adding value to the services we provide our investing churches.  Months of planning and preparation has led up to this moment. The original Foundation Funds that were setup at inception no longer exist.  All customers and accounts now own units of our Pools in their respective asset allocations as reflected by the Model Portfolios that they have chosen.

 

Model Portfolio Benefits

• Model Portfolios offer new investment options with more choices.  In addition to the current six Fund offerings (renamed “models” after the upgrade), there are five custom investment portfolios from which to choose.
   

• Model Portfolios help trustees match investment objectives with assets, offering greater flexibility in planning and implementation.
   

• An option for investment performance reporting for individual accounts will be available for a nominal fee (currently, only Foundation Fund performance is available).
   

• Improved statement format includes an asset allocation pie-chart showing stock/fixed income investment mix in the account.
   

• Accounts will be rebalanced at least annually to the predetermined asset mix of each Model Portfolio (+/- 5%); churches can choose quarterly rebalancing if they so desire. This software upgrade offers more choices and flexibility.
  

• The upgrade improves system/administrative processing, resulting in timelier reporting.  With this significant time-saver quarterly statements will be mailed much earlier.
  

If you have any questions regarding this system upgrade or its benefits, please call the Foundation office at 800-595-4347 and ask for Gary Melville (x103) or Wee-Li Tan (x104), or email info@umfne.org

 

    

(Assets invested in the Pools are not guaranteed by the Securities Investor Protection Corporation or any other government agency and are subject to investments risks, including possible loss of principal amount invested)