MAKING THE MOST OF YOUR ORGANIZATION’S CHARITABLE ASSETS

InFaith Investment Conference Call February 8, 2018

TODAY’S SPEAKERS

Chris Andersen President &

Executive Director

Kim Borton Director of

Grants & Donor Services

Letitia Johnson & Natalie Herter Cambridge Associates Investment Advisors

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INFAITH’S MISSION

To serve our donors with integrity as together we change lives and spread joy by sharing our blessings with the world.

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OUR CORE VALUES

SERVICE Each donor is at the center of the giving process

STEWARDSHIP Stewardship and the way charitable assets are invested matters

COLLABORATION The best charitable gifts stem from being wise with money

POSSIBILITIES Giving isn’t just for the wealthy – we can all be philanthropists

RESULTS InFaith is in this business to deliver results

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SERVICE TO ENDOWMENTS

• 2017 highlights

• 96% endowment fund satisfaction

• Charitable giving & tax reform

Thank you!

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STEWARDSHIP OF YOUR ORGANIZATION’S CHARITABLE ASSETS

• 2017 investment portfolio updates

– Mission investing to increase impact of your endowment fund

• InFaith portfolio performance

• Current markets

• Balancing risk & reward

• Looking ahead

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CORE GROWTH PORTFOLIO

New allocation of private equity investments for Core Growth Portfolio. InFaith’s focus on the long-term is demonstrated by introducing a 10% private equities allocation to the Core Growth Portfolio. Private equity investments have proven to be a key driver of long-term returns for top-performing diversified portfolios.

Global Public Equity

Fixed Income

Private Investments

Real Assets

Diversifiers

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MISSION GROWTH PORTFOLIO

More robust Mission Growth Portfolio. This portfolio offers increased diversification thanks to an influx of new assets and the addition of five new investment managers. In addition to potentially stronger risk-adjusted returns over the long term, new mission-related investments enhance positive community outcomes.

Global Public Equity

Fixed Income

Diversifiers

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WOMENINVEST PORTFOLIO Introduction of WomenInvest Portfolio.

Comprised of 75% equities and 25% fixed income investments, this portfolio interrupts the cycle of violence against women by investing in economic opportunity, access to education and affordable housing. By allocating all or a portion of your charitable fund’s assets in WomenInvest, you’re part of a portfolio designed to grow your charitable gifts and create positive change throughout our shared community.

Global Public Equity

Alternatives

Fixed Income

International

Cash

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INCOME PORTFOLIO

Income Portfolio stays the same.

The objective for the Income Portfolio is stability of charitable gifts. Investments perform to allow for maximum grantmaking of your assets over a short time horizon.

100% fixed income

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OUR STRATEGY FOR INVESTING ASSETS

• Long-term

• Equity oriented

• Diversified

• Actively managed

• Continually rebalanced

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INFAITH PORTFOLIO RETURNS December 31, 2017

QTD 1-Year Return

3-Year Return

5-Year Return

10-Year Return

Since Inception

Core Growth Portfolio 4.2% 17.0% 6.3% 6.8% 4.5% n/a

Mission Growth Portfolio

3.9% 19.6% 7.2% 7.8% n/a 6.2%

WomenInvest Portfolio 3.9% n/a n/a n/a n/a 6.3%

Income Portfolio 0.5% 4.0% 2.2% n/a n/a 2.2%

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GLO BAL ASSET CLASS PERFO RM ANCEAs of Decem ber 31, 2017 • US Dollar

Notes: Asset classes represented by: M SCI US Index (US), M SCI Europe Index (Europe), M SCI Emerging M arkets Index (EM ), M SCI Japan Index (Japan), 80/20 Datastream World Oil &

Gas and World M ining Index blend (NRE), B loomberg Commodity Index (Commodity), A lerian M LP Index (M LPs), Hedge Fund Research Fund Weighted Composite Index (Hedge Funds),

Datastream 10-yr US Treasury Benchmark Index (US 10-Yr Treasury), B loomberg Barclays Aggregate Bond Index (US Agg Bonds), and Bloomberg Barclays M unicipal Bond Index (US

M uni), respectively. A ll returns are to tal returns. Where the currency effect is taken into account, USD returns data are bolded, and local currency returns data are italicized. Total return data

for all M SCI indexes are net o f dividend taxes. Hedge fund data are through October 31.

Sources: A lerian, Barclays, B loomberg L.P., Hedge Fund Research, Inc., M SCI Inc., and Thomson Reuters Datastream. M SCI data provided "as is" without any express or implied

warranties.

15.0

7.4 10.1 4.6 8.2

11.2

17.2

-0.1

-8.5-0.1

5.0

1.3 2.13.0

-2.7-3.6 -6.0

US Europe EM Japan NRE Commodity MLPs Hedge

Funds

10-Yr US

Treasury

US Agg

Bonds

US

Muni

Trailing 5-Year Returns (%)

21.225.5

13.1

37.3

30.6

24.0

19.7

12.3

1.7

-6.5

7.1

2.1 3.5 5.4

12.4

6.7

4.2

US Europe EM Japan NRE Commodity MLPs Hedge

Funds

10-Yr US

Treasury

US Agg

Bonds

US

Muni

Year-t o-Date 2017 Returns (%)PERFORMANCE BY ASSET CLASS

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EQUITY RETURNS SUPPORTED BY REBOUND IN EARNINGS GROWTH

CUM ULATIVE W EALTH O F REAL EARNINGS PER SHARE BY REGIO N

Novem ber 30, 2007 – Decem ber 31, 2017 • Novem ber 30, 2007 = 100 • Local Currency

-40

-20

0

20

40

60

80

100

120

140

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

US UK EMU Japan

Sources: MSCI Inc. and Thomson Reuters Datastream. MSCI data provided "as is" without any express or implied warranties. Notes: Cumulative wealth is based on trailing 12-month EPS, adjusted by each country or region's official consumer price index. Japan CPI as of November 30, 2017. Data are monthly.

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LOOKING AHEAD –UNCERTAINTY REMAINS HIGH

Sources: MSCI Inc. and Thomson Reuters Datastream. MSCI data provided "as is" without any express or implied warranties.

Notes: This analysis uses our valuation-based scenario return projection models. Our return to normal scenario incorporates current valuations and assumes equity valuations revert to fair value over ten years. This scenario makes assumptions about the market environment including mild inflation; moderate real earnings growth; and low corporate default rates, government bond yields, and credit spreads. Projections are in local currency terms and are intended to represent total returns. Projected global equity returns are based on a weighted average of the projections for US, developed ex US, and EM equities using month-end weights for the MSCI All Country World Index. Cash returns are based on 3-Month US Treasury Bill yields.

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A CLOSER LOOK AT U.S. PUBLIC EQUITY COMPANIES

AM O UNT O F PUBLIC/PRIVATE US EQ UITIES TRADED/HELD DO M ESTICALLY

1996–2016 • US Dollar

0

2

4

6

8

10

0

10,000

20,000

30,000

40,000

1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

Ratio

of P

ub

lic vs Priva

te

Tota

l Dom

est

ic E

quit

y O

uts

tand

ing (U

S$B

)

Publicly Traded Equity Privately Held Equity Ratio (RHS)

Sources: Federal Reserve Board Flow of Funds, Thomson Reuters Datastream, and Vanguard.

Notes: All data are annual. Total domestic equity outstanding includes domestically owned, publicly traded, and closely held equity issues of nonfinancial and financial corporate businesses as defined by the Federal Reserve Board Flow of Funds. Equity issued by public companies is considered publicly traded equity. Equity issued by private companies is considered privately held (i.e., closely held) equity. All equity issued are priced at market value.

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LOOKING AHEAD

Stay neutral on risk

Favor international equities over U.S. equities

Be mindful of interest rate risk

with bond holdings

Diversify your

diversifiers

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POSSIBILITIES & RESULTS

• The best charitable gifts are those that stem from being wise with money

• 2017 record year of giving and granting

• InFaith results with Creation Care initiative

• Opportunities for InFaith support in 2018

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QUESTIONS?

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THANK YOU

We’re here to serve you. Please call 800-365-4172 with questions regarding your organization’s endowment fund, additional gifts from supporters, investments or anything else.

Our website, inFaithFound.org, may hold the answer to many of your questions.

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CONTACT US

inFaithFound.org 800-365-4172