Thrivent Charitable Impact & Investing

“InFaith Community Foundation provides a copy of this Form 990 to all members of its governing body before filing the form.”

“Every year, each director of InFaith Community Foundation is required to complete a conflict of interest disclosure.”

“InFaith Community Foundation determines compensation by an independent review and approval of comparable compensation in the market place. The comparison and approval of compensation is comtemporaneously documented.”

“InFaith Community Foundation makes its governing body documents, conflict of interest policy and financial statements available to the public upon request.”

“Other changes in net assets or fund balances: Change in Split Interest $-4,973,651 CSV of life insurance 4,158,745 Life insurance contract premiums -4,289,643 Real estates and processing exp -59,670 Net assets reclassified to amounts held for the benefit of other -8,524,952 -------------- Total $-13,689,171”

“For Audited financial statement purposes (to satisfy FAS 136), the Foundation records certain contributions to organizational donor advised funds as an amount held for the benefit of others. These contributions, along with investment income, grants paid and other related income and expenses, are included on the appropriate lines of Form 990 and are included as adjustments to revenue and expenses on Schedule D, Part XI, Line 4b and Schedule D, Part XII, Line 4b.”

“The Foundation advanced its mission through a number of programs and services in 2017. These programs and services were guided by the Foundations mission and vision, national giving trends and donor feedback provided through the Foundations annual donor survey. Following are new programs and services that were integrated into organizational operations in 2017: - New Fund Offering: Non-advised Charitable Fund In response to the Tax and Jobs Act of 2017, QCDs to a non-advised fund, as well as bundling charitable gifts into a given tax year, have grown in popularity. In late 2017, the Foundation expanded its charitable products to include the non-advised fund. Qualified Charitable Distributions (QCDs) from Individual Retirement Accounts (IRAs) are a relevant giving strategy among people 70 or older. Foundation donors and prospective donors are now able to provide ongoing support to one or more charities over time by giving QCDs to a non-advised fund. At the time the fund is established, donors select charities to receive ongoing annual grant distributions from their non-advised charitable fund, either in perpetuity or for a term a years. After the fund is established, the donor does not have advisory capacity, and may not add or remove charities or change any other parameters of their non-advised fund. - Endowment Services A broad range of organizational endowment marketing resources were developed and introduced to help faith-based partners grow their endowments: - Marketing resources In response to feedback from endowment fund advisors, the Foundation developed its Endowment Marketing Toolkit. This toolkit is designed to help endowment committees raise awareness of, and motivate giving to, their endowment funds at the Foundation. - Online webinars Foundation staff hosted two interactive webinars for endowment fund advisors and supporters to grow awareness and interest of their organizational endowments. Topics highlighted were best practices to promote your endowment, and investment and stewardship of your endowment. - Electronic communications The Foundation launched a quarterly e-news communication for fund advisors, which includes an investment market and performance update, planned giving tips and resources, and other relevant Foundation updates. -2017 Investment Portfolio Enhancements - The Foundations commitment to diversification and a long-term investment strategy for charitable assets was demonstrated by the introduction of a 10% private equities allocation to the Core Growth Portfolio. - Within the Mission Growth Portfolio, a number of enhancements to the asset allocation and underlying roster of mission-based investment managers were made in 2017. This portfolio offers increased diversification through the addition of five new investment managers and mission-related investments that enhance positive community outcomes. - WomenGive inFaith Campaign The year 2017 marked the second year of the Foundations WomenGive inFaith Campaign. This nationwide campaign brings women together through workshops, scholarships, investments and giving circles to achieve long-term change for women, girls and families. In 2017, the Foundation rolled out two major components of the WomenGive inFaith Campaign, including the launch of the WomenLead Scholarship and WomenInvest Portfolio for charitable assets. The Foundations eighth giving circle, WomenGather was also created. - WomenInvest Portfolio With the introduction of WomenInvest inFaith in July of 2017, Foundation donors have a new investment portfolio for their charitable assets. This first-of-its kind portfolio invests in companies that do well when women do well. WomenInvest, comprised of 75% equities and 25% fixed income investments, seeks to interrupt the cycle of violence against women by investing in economic opportunity, access to education and affordable housing. The Foundation hosted a donor and community event celebrating its 15 years of work to end domestic violence and the”

“The following accomplishments represent 2017 program service highlights that supported the Foundations mission to spread joy and change lives: - Donors made outright and deferred gifts totaling $101 million to the Foundation in 2017, making it the second highest giving year in the Foundation's history. Nearly 25% of these gifts were from current donors adding to their charitable funds. - Individuals and families created 400 new donor advised funds in 2017. Faith-based nonprofits and churches established 29 new endowment funds. Collectively, these charitable funds provide millions of dollars to charities serving our local, national and global communities. Each donor gift and charitable fund play an integral role in the Foundation's mission, as together we change lives and spread joy by sharing our blessings with the world. - Donor satisfaction remained high at 98% in 2017. Donor feedback through surveys, focus groups and personal conversations also provided valuable ideas on how the Foundation can better serve its donors. - Types of charities recommended to receive support include: churches (34%); education (19%); human services (13%); faith-based nonprofits (18%); health services (5%); arts and culture, environmental concerns, disaster relief and other (11%).”

“Grants from the Foundations charitable funds totaled $23.6 million in 2017. The majority of Foundation grants, 92%, were distributed to charities recommended by donors through individual donor advised funds. Another 5% of grant distributions were made from Organizational Endowment Funds of churches and faith-based nonprofits, and 3% were from Foundation Collaborative Funds and special projects. Foundation donors provided remarkable financial support in the wake of 2017 natural disasters in the U.S. and Mexico. In collaboration with Thrivent through its matching campaign and online member donation program, donors contributed more than $2 million ($1.7 million directly from Thrivent members through the online program, and $300,000 through donor advised funds) for hurricane, flooding and wild fire relief.”

“The Foundation now offers four investment portfolios for charitable assets the Core Growth, Mission Growth, WomenInvest inFaith, and Income Portfolios. Through regular communication, statements, an annual investment call and a number of investment resources, Foundation donors are informed of their charitable funds investment performance and activity. Donors are encouraged to contact the Foundation whenever they have questions regarding their charitable funds. The Foundation earned its 22nd consecutive clean audit from independent auditors in 2017. It also earned high ratings from Charity Navigator and GuideStar for sound fiscal management, transparency and commitment to excellence.The Foundation conducted thorough due diligence processes with multiple checks and balances to verify that all grantees were qualifying recipients and in good standing.”