Investment Fund Performance

Q4 2024 UPDATE / January 06, 2025

Investment Update

Q4 2024 reduced investment returns built throughout the year for the Diversified Fund and Endowment Investment Fund with the following takeaways:

  • The U.S. economy was supported by robust economic growth and the Federal Reserve’s decision to cut interest rates.
  • U.S. Equity Markets finished the quarter with gains of 2.4% bringing the year-to-date total to 25.0%
  • The Federal Reserve voted to reduce the Fed Funds Rate by another 0.25% marking the third consecutive rate cut and totaling a 1% reduction since September.
  • Despite the December rate cut, the Fed signaled a more cautious approach for 2025. Projecting only two rate cuts for the upcoming year, compared to earlier expectations of four such moves.
  • The U.S. economy demonstrated resilience, with real GDP growth for the Q4 2024 revised significantly higher to 2.0% on a quarter-over-quarter annualized basis, up from an earlier estimate of 0.9%.

U.S. stocks in the S&P 500 grew 2.4% for the quarter. Small-cap stocks in the Russell 2000 rose 0.3%. International developed market stocks in the MSCI EAFE Index fell sharply (8.4%). Bonds in the Bloomberg U.S. Aggregate Bond Index finished down (3.1%).

Benchmark performance will be available later this month once the Lipper Median returns are released.

Dec. 31, 2024 Performance
FUNDQTD1-YR3-YR
Diversified Fund
(0.8%)10.9%1.1%
Endowment Investment
(0.8%)10.9%1.1%
Fixed Income
(2.6%)2.6%(1.2%)
Notes: Historical returns are time-weighted and net of all fees. Returns greater than one year are annualized. Past performance is no guarantee of future returns.

Fund Details – Q3 2023

Diversified Fund
Endowment Investment Fund
Fixed Income Fund

Online Giving

If your church does not have the ability to receive online or electronic gifts, your members can make gifts online at https://lastinggood.org/donate/. They have the option to make a one-time gift or a recurring weekly, bi-weekly, or monthly gift for a specified time via bank account draft or debit/credit card. At the end of the transaction, there is a Message section where they can designate their gift for their church, ministry, and any special instructions. We will then forward the funds to your church to fund ministry. We do not charge a fee for this service but there is a 2.75% processing fee charged by the bank for debit/credit cards. There is no fee for bank account drafts.

Online Account Statements

If you are still receiving paper statements and would like the convenience and quicker receipt of statements, please complete the Google form here: Online Statement Request Form. Online statements are generally available on the second business day of each month. You will receive an email notification when they are available. You also have access to the previous 12 months of statements online.