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Updated Tax Guides: Download your free 2024 Tax Guides for Churches and Ministers.
Updated Tax GuidesDownload your free 2024 Tax Guides for Churches and Ministers.

CORE FUNDS

Customize your portfolio with Core Funds

You may invest in any one or more of Geneva’s Core Funds, and change investments from one fund to another, with no fees or commissions. The Core Funds that are pre-fixed with “Geneva” are screened so you can ensure that your investments align with your values.*

*Frequent short-term trading is not permitted

 Benefits

Trust that your values are upheld – our Biblical Values Investing Committee continuously implements a rigorous screening process to ensure your investments align with your convictions and values

Flexibility to change investments from fund to fund with no fees or commissions

Receive special tax benefits as a pastor or ministry staff including higher contribution limits through our 403(b)(9) retirement plans, housing allowances for pastors, 100% vesting from the first dollar contributed, and more

Invest at low costs – our professionally managed Core Funds are affordable due to no commission, sales, or transfer fees to manage or change investments

Access to a team of retirement readiness and financial wellness professionals at no cost to you

Rollover options are available

Who Can Participate?

Ministers, church ministry staff, and church school staff who work for a PCA church, an ARPC church, or a preapproved like-minded organization may be eligible to participate.

Employees working for pre-approved 501(c)(3) organizations that share common religious bonds and convictions with the PCA may also qualify. To determine how to become an approved organization, contact our office.

 

Core Funds

Geneva Large Cap Growth Fund* – is a broadly diversified portfolio which invests in the stocks of large domestic companies using a growth style of investing. The U.S. companies held within this fund generally have market capitalizations greater than ten billion dollars.

Geneva Large Cap Value Fund* – is a broadly diversified portfolio which invests in the stocks of large domestic companies using a value style of investing. The U.S. companies held within this fund generally have market capitalizations greater than ten billion dollars.

S&P500 Stock Index Fund – is a broadly diversified portfolio which invests by replicating the stocks of companies listed in the Standard and Poor’s 500 stock index.

Geneva Small Cap Fund* – is a broadly diversified portfolio which invests in the stocks of small domestic companies. The U.S. companies held within this fund generally have market capitalizations less than two billion dollars.

International Stock Fund – is a broadly diversified portfolio which invests in the stocks of large and small companies based outside the United States. This fund has primary exposure to companies in developed markets, and to a lesser extent, in emerging markets.

Geneva Diversified Bond Fund* – is a broadly diversified portfolio which invests in medium to high quality bonds across all sectors, including U.S. government, corporate, and mortgage-backed securities.

Stable Value Fund – is an investment option that seeks to provide safety of principal and a stable credited rate of interest, while generating competitive returns over time compared to other comparable investments.

* This fund has been morally screened, a feature offered to participants who prefer their investments to exclude companies involved in abortion, gambling, pornography, certain lifestyle issues, bioethics and human rights violations. The screening used by select Geneva Core Funds is one of the most disciplined and thorough in the market. Investments in securities within these funds are independently monitored by Geneva through a Christian investment consulting firm that specializes in this arena.

Tax Advantages

Housing Allowance

Ministers who participate in our 403(b)(9) retirement plans may be eligible for a housing allowance income exclusion during retirement. This provision may provide significant tax savings to you during your retirement years.

 

For example, a minister in the 22% tax bracket with $20,000 of annual housing allowance would save $102,414.27* in income tax over a 15-year retirement—and the tax savings would increase for ministers in a higher tax bracket or with a larger housing allowance.

*When tax savings are invested returns are not guaranteed, calculated at a 6% rate of return.

 

Traditional vs. Roth Contributions

Our retirement plans provide you with the choice of making pre-tax employee contributions, or Roth employee contributions. You also may divide your contributions between the two types. Each offers valuable tax advantages, and you should consult with your personal financial advisor or a member of our team to determine which is best for you.

 

Get Started

Connect with a Geneva team member to learn more

FAQ

How do Geneva’s investments reflect Christian convictions?

Geneva works hard to craft an investment portfolio that reflects our Christian convictions and gospel values. As often as feasible, we direct our fund managers to invest in companies that promote human flourishing, protect and nurture God’s good creation, and seek the common good of society. We also seek to avoid investing in companies that materially and directly thwart those goals or whose core business models conflict with the clear teachings of scripture.

How much do you charge for financial and retirement planning?

It’s free. We are here to guide and help you in any way we can. We have a team of benefits specialists and financial planning advisors ready to serve you.

How much should I be saving for retirement?

It really depends. The earlier you start, the more time your money has to grow. But, it’s never too late to start saving! Our retirement readiness team would love to help you construct a plan to reach your goals.

What are the tax advantages with a 403(b)(9) retirement plan?

There are two ways to save, each with its own tax advantages.
·      With traditional 403(b) contributions, you save with pre-tax dollars, which reduces your taxable income and your current tax obligation. You pay no income tax on your savings or investment returns until you retire and begin taking a distribution from the plan.
·      With Roth 403(b) contributions, you save after tax dollars. When you take a distribution from the plan, that distribution will be tax-free, provided your account had been open for at least five years and you are at least age 59 ½.