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Giving Thanks for the Legacy of Kyle S. “Stanley” Drake Jr.

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The Georgia United Methodist Foundation was saddened to learn Kyle S. “Stanley” Drake Jr., a scholarship donor who was passionate about helping to educate students in need, died on October 15, 2022. The Foundation give thanks to God for what he meant to his family, his church, and the community he so faithfully and generously served.

When Stanley was searching for a meaningful way to give back, his cousin, Morris Henderson, told him about the scholarship endowment he established with the Foundation. Morris, a former member of the Board of Trustees, currently serves on the Foundation’s Strategic Purpose Task Force Committee. In 2019, Stanley followed suit and established The Stanley and Mary Ann Drake Scholarship Endowment.

In a previous interview with the Foundation, Stanley explained how his formative years and marriage to Mary Ann served as the inspiration for this endowment.

Stanley’s parents grew up in the years preceding the Great Depression. His father’s formal education ended in the eighth grade, and his mother graduated from high school. They were self-taught and together became successful in a business enterprise.

Mary Ann helped put Stanley through college and supported him during a Tour of Duty in the U.S. Army. He later became the recipient of his parents’ shared success and could not help but appreciate the value of a formal education they were unable to enjoy.

Stanley shared previously, “As a consequence of Mary Ann’s mothering skills, we were able to raise three sons and make a college education available for each of them. When I see children who have been denied the opportunity of formal education through no fault of their own, it moves me to seek some way to be of assistance to them because I know, for a certainty, that is what Mary Ann would want me to do. She had an overwhelming desire to help other people and responded to that desire whenever she recognized there was a need for assistance.”

This named endowment will generate funds for a scholarship each year in perpetuity. The first scholarship was awarded to Theneshia Bowen, a Master of Divinity student at Candler School of Theology. Most recently, LaGrange College student Davis Day received a scholarship for the 2022-2023 academic year.

The Foundation is grateful for the life and witness of Kyle S. "Stanley" Drake, Jr.

Read Kyle S. “Stanley” Drake Jr.’s obituary.

Posted: October 21st, 2022 | Permalink

2022 Investment Forum With Wespath Institutional Investments Recording is Now Available

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The Georgia United Methodist Foundation would like to thank everyone who joined the 2022 online Investment Forum with Wespath Institutional Investments on October 19. Mathew A. Pinson, Foundation president and CEO, provided insight into the Foundation's purpose and mission and partnership with Wespath. Karen Manczko, Wespath Director, Institutional Investments, provided an overview of Wespath and the Foundation's investments. Dave Zellner, Wespath Chief Investment Officer, provided a global market update.

Watch the 47-minute webinar video recording here.

Posted: October 20th, 2022 | Permalink

Wespath Institutional Investments Q3 2022 Quarterly Review

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The Georgia United Methodist Foundation is pleased to provide you with this exclusive Investment Quarterly Review. The Foundation is the exclusive distributor of the I Series of the Wespath Institutional Investments (Wespath) funds to United Methodist entities within the State of Georgia.

 


2022 Investment Forum With Wespath Institutional Investments Recording is Now Available
 

The Georgia United Methodist Foundation would like to thank everyone who joined the 2022 online Investment Forum with Wespath Institutional Investments on October 19. Mathew A. Pinson, Foundation president and CEO, provided insight into the Foundation's purpose and mission and partnership with Wespath. Karen Manczko, Wespath Director, Institutional Investments provided an overview of Wespath and the Foundation's investments. Dave Zellner, Wespath Chief Investment Officer, provided a global market update. 

Watch the 47-minute webinar recording here.

 

Market and Wespath Fund Performance¹
 

  • Fund Performance: Net-of-Wespath fees performance through September 30, 2022, is available here.

  • Key Takeaways from Third Quarter's Markets​: After a challenging start to the year, third quarter's markets provided no reprieve for investors as they continued to face generational-high inflation, hawkish Fed policy, bond losses, an energy crisis in Europe, and a looming global recession. Wespath Managing Director Joe Halwax breaks it down in Wespath's Q3 commentary.

  • September Investment Report and Video Recap: Piotr Chwala, Wespath Manager of Private Markets, provides a video update on September's markets, including another Fed rate hike, policy missteps by the U.K. governmment, record-high appreciation by the U.S. dollar, and more. Wespath's full Monthly Investment Report is available here.


Wespath Sustainable Investment Quarterly Highlights2
 

  • "ESG" Strikes a Nerve, Why it Shouldn't: The term "ESG" has been receiving criticism in the media, but is it warranted? Wespath CIO Dave Zellner argues "no." His op-ed published by Top1000funds.com explores common critiques of ESG and why he believes investing sustainably is a proactive strategy that adds value for investors.

  • Midwest Investors Diversity Initiative (MIDI) for Increased Board Diversity: MIDI is an investor coalition working to increase racial and gender diversity on corporate boards. Wespath's coalition has now worked with 70 Midwest-based companies, and they are pleased to announce that 95 women and persons of color have received board appointments. Read more about Wespath's progress in this press release.

Fiduciary Focus Educational Series
 

New Thought Leadership on the Investment Insights Blog
 

  • "Fed" Up With Inflation, the Fed Continues to Raise Rates: This time last year, inflation was labeled as transitory (or temporary). Fast forward a year, and the Fed has hiked interest rates again to account for soaring inflation. Evan Witkowski, Wespath Manager of Institutional Relationships, shares more about the unprecedented change in Fed expectations, how it has affected markets and the Fed's future predictions.
     
  • Uncovering Asset Manager Talent: An Asset Manager Due Diligence Overview: Wespath looks to invest with exceptional asset managers and hold them to the highest standard. Learn more about Wespath's robust, repeatable and holistic investment due diligence process, detailed by Mark Warren, Wespath Manager of Public Equities. 


Video Resources
 

  • Unscripted: Rob Nicoski of Disciplined Growth Investors: Rob Nicoski of Disciplined Growth Investors (DGI) sits down with Wespath's Mark Warren to discuss DGI's philosophy of buying for long-term value, culture of open idea generation, and how they’ve "turned patience into an artform."


1 Historical returns are not indicative of future results. The Wespath investment funds are neither insured nor guaranteed by the government. For more information about the funds, please see the Investment Funds Description – I Series

2 Wespath Benefits and Investments implements the sustainable investment strategies for investment funds made available through it and its subsidiaries, including Wespath Institutional Investments.

Posted: October 17th, 2022 | Permalink

Churches Can Help the Foundation Meet Loan Demand By Sharing Certificate Rate Bulletin Inserts

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The Georgia United Methodist Foundation is offering the highest certificate rates in 10 years to help fund loan demand from churches and nonprofits. When pastors, treasurers, and church leaders share the Foundation's digital or printed Certificate Rate Bulletin Inserts with their congregation, Methodists earn higher returns than similar instruments while helping to provide the funds for loans to churches and nonprofits. Please see the rates below as of October 1, 2022.*

 

1-Year = 3.00%
2-Year = 4.00%
3-Year = 3.75%
4-Year = 3.50% 

Download the Foundation's Certificate Rate Bulletin Inserts here.

Would you like the Foundation to print and ship the bulletin inserts to your church? Please call the Foundation at 770-449-6726 or email Diana Durie at ddurie@gumf.org with your order.

*All rates are subject to change without notice. Please contact the Foundation at 770-449-6726 for current rates. Georgia United Methodist churches, nonprofits, families, and individuals must invest a minimum of $5,000. Certificates are not insured by the FDIC or any other government agency and are not obliations of or guaranteed by a bank. This ad constitues neither an offer to sell nor a solicity to buy the securities described. Offers are made only after receiving and reviewing an Offering Circular.

Posted: October 5th, 2022 | Permalink

Chamblee First UMC Hosts October 2 Endowment Workshop for Members and the Community

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On Sunday, October 2 from 5:30 p.m. to 7:30 p.m., Chamblee First UMC will host an Endowment Workshop with an Introduction to Wills, Estates, and Gift Planning.

This 90-minute workshop includes dinner and will provide an overview of wills, trusts, and other important legal documents for individuals and families. During this introductory conversation, we will cover preparation of a will and other health care and estate planning documents. We will also discuss ways that individuals may leave a legacy gift to the local church and other church-related ministries.

Attorney Joy Thornburg Melton of the firm Hindson & Melton LLC and Mathew Pinson, President and CEO of the Georgia United Methodist Foundation, will guide this conversation.

Open to CFUMC members and the community at large, please spread the word about this valuable session. Registration is not required but so that we can more accurately estimate the headcount for dinner, please RSVP at: https://chambleeumc.org/happening/endowment-workshop/.

 

Posted: September 29th, 2022 | Permalink