Diversity’s Next Big Thing: Faith-Based ERG Conference

This article was originally published here.

Check out ReligiousFreedomandBusiness.org for more quality content!

by ReligiousFreedomandBusiness.org

A growing trend in corporate America that is being embraced by some of the largest and most recognizable companies will be the topic of a first-of-its-kind conference in February. From Google to Facebook to Walmart, companies from a range of industries are recognizing that faith-friendly environments mean better workplaces and better businesses.

The Religious Freedom & Business Foundation and the Busch School of Business at Catholic University will hold a groundbreaking conference for employees and executives to discuss the importance of corporate programs that foster religious inclusion. The two-day conference will take place at The Catholic University of America in Washington, D.C., on February 13 and 14, 2020. The event will feature executives and members of faith-oriented Employee Resource Groups (ERGs) sharing best practices, challenges and opportunities.

Check out more details for this event (and register) here!

Financial Obedience Is Better Than Sacrifice

 Image taken from Inspire Investing

Image taken from Inspire Investing

This article was originally published here by Inspire Investing.

Check out Inspire Investing for more quality content!

by Robert Netzly

God doesn’t need your money, but He does command your obedience.

Droves of Christian investors are discovering biblically responsible investing (BRI) for the first time as the BRI movement continues to gain momentum around the country and around the globe. These investors are learning the hard truth that they have been investing God’s money – and it’s all God’s money, right? – into businesses directly profiting from and supporting some of the vilest forms of depravity that the human mind can conjure.

It is currently the norm for the portfolios of millions of Christians around the world to be invested in abortion drug manufacturing, pornography sales, LGBT activism, human trafficking infested supply chains and the list goes on.

And then we give that money to God on Sunday morning and expect that He is pleased with our offering.

Hear me right, my heart bleeds with compassion for my brothers and sisters and echoes the prayer of Christ on the cross, “Father, forgive them, for they know not what they do” (Luke 23:34), because not long ago that was me. I know the sting and sorrow of that conviction personally as it was only by the mercy of God that He caused me to stumble across the ugliness of what I was investing His money in, and what I was profiting from.

The Israelites in the Old Testament had the same problem. Over generations, the covenant people of God had lost their way. For some Israelites, theirs was a deliberately defiant disobedience. They knew the commands of God and they purposefully chose not to obey.

For others, like me and many Christian investors today, they simply were unaware. They had been “conformed to the pattern of the world” (Rom. 12:2) and were ignorant of what God expected of them as His people. Even though these Israelites were still adhering to the sacrificial system of worship with varying degrees of faithfulness, God was not pleased with their sacrifices. They brought their bulls, their rams, their doves and grain, but that wasn’t what God wanted. He wanted their heart and the obedient life that flows from a dedication to loving God above all else.

Hear God’s word to His people through the prophet Samuel, “’Has the Lord as great delight in burnt offerings and sacrifices, as in obeying the voice of the LORD? Behold, to obey is better than sacrifice, and to listen than the fat of rams’” (1 Samuel 15:22).

The danger for Christian investors wrestling with a newfound conviction over their investments is to seek to justify their investment in companies that profit from pornography (such as Amazon, Netflix, Roku, Dish Network and others), promote abortion (such as Pfizer, Intel, Bank of America and others), and sponsor LGBT activism (such as Wells Fargo, Target, T-Mobile, AT&T and others) by dedicating the returns from these investments as gifts to the Lord.

More than once I have heard well-meaning Christians declare that they have decided to continue to invest in companies involved in immoral activities so that they can give the profits to God. Their logic is that by doing so they are operating like a modern day Robin Hood of Christendom, profiting from the evil and giving to the holy, like some sort of spiritual money laundering scheme.

But there is a problem with this approach: God doesn’t want tainted gifts of sacrifice, He wants holy gifts of obedience. These believers confuse sacrifice with obedience, just as the Israelites did in Samuel’s day.

God makes it very clear He detests money earned from immoral activity and forbids His people from offering such ill-gotten gain to Him saying, “You must not bring the earnings of a female prostitute or of a male prostitute into the house of the LORD your God to pay any vow, because the LORD your God detests them both” (Deuteronomy 23:18). And elsewhere the Bible teaches that it would be better to earn lower returns than to support injustice, “Better is a little with righteousness than great revenues with injustice” (Proverbs 16:8).

Brothers and sisters, we must pay very close attention to what God is saying here. He would rather us give Him nothing than give Him an unholy offering. Better yet, God would rather us “learn to do good; seek justice, correct oppression; bring justice to the fatherless, plead the widow’s cause” (Isaiah 1:17) with our finances and with our entire lives, and give Him the fruit of those good works, to the praise of His glorious grace.

It starts by learning what you are actually invested in from a biblical morals perspective, and you can find out for free at inspireinsight.com. Once you discover what issues are lurking in your portfolio, you can prayerfully make the changes necessary to transform your investment account into a God-glorifying financial engine that pursues righteous revenues instead of ill-gotten gain.

Let’s give Him holy gifts of obedience that are as worthy of His holy name as we possibly can by His grace. Such offerings are truly a pleasing aroma to our Lord.

CIF Releases Results from 2019 Survey of Financial Advisors on Faith Driven Investing

The full report of the survey is published here by the Christian Investment Forum.

by John Siverling

Advisors are increasingly comfortable with Faith Driven Investing, are interested in recommending it, but have been slow to engage in conversations with investor clients.

Charlotte, NC / January 31, 2020 — The Christian Investment Forum released the results of the 2019 Survey of Financial Advisors on Faith Driven Investing Awareness and Use. It shows continued, albeit slowing, improvements in all three areas of focus – awareness, knowledge, and use. This slowing growth is relative to the last survey completed in 2016, which had shown more substantial improvements compared to 2013. The results also show some interesting and seemingly inconsistent responses, such as:

  • Ninety-six percent (96%) were somewhat to very familiar with Faith Driven Investing concepts; BUT

  • Only thirteen percent (13%) were able to accurately identify that there are more than 50 Faith Driven Investing funds and ETF’s available in the market (there are over 90).

  • Ninety percent (90%) are interested in recommending investments that align with their clients’ faith and values; BUT

  • Twenty-four percent (24%) said no clients had asked about Faith Driven Investing in the last year, and another fifty-one percent (51%) said only 10% of clients had asked, yet industry research suggests just the opposite – the majority of investors are interested in values based investing.

To a large degree, the issues limiting the use of Faith Driven Investing remain the same since the initial study in 2013. There continue to be gaps in perception compared to reality on product availability and performance. Yet some further structural changes are needed – additional investment products that can more closely align with the different faith values of investors, increased acceptance of funds onto proprietary platforms, and additional research to support the already existing data on ESG (Environmental, Social, Governance) investing, FDI (Faith Driven Investing), performance, and expenses.

The greatest opportunities to build momentum towards increasing the use of Faith Driven Investing are in helping encourage further education, and more importantly encourage conversations between advisors and investors. Both advisors and investors show high levels of interest in Faith Driven Investing, but neither advisors or investors are initiating a conversation or asking questions about FDI. More education on the topic of Faith Driven Investing can help to increase confidence for advisors to have the conversation. Similarly, more investor oriented information can help Christians recognize their role in asking questions of their financial advisor.

For those interested in supporting and growing Faith Driven Investing, there are strong reasons to be optimistic about the future growth in the use of FDI overall, and as a share of total assets under management. Data from this survey confirms previous research that a majority of investors and advisors alike have an interest in better aligning investments with the client’s personal faith and priorities. Macro trends in the market are showing strong investor interest in a more meaningful and integrated approach to investing in alignment with values. There are more organizations engaging in the conversation about Faith Driven Investing, and collaboration between them is improving. All of this helps to encourage others to understand they are not alone in desiring a more integrated approach to investing with their faith.

Check out the full report of the survey here!

About the Christian Investment Forum:

Founded in 2012, the Christian Investment Forum (CIF) is a Kingdom-focused 501c6 investment association committed to educating advisors and investors by providing opportunities to bring about change – in the hearts, homes, cities, and world that we serve. CIF strives to be an organization that enables others to advance and promote Faith Driven Investing (sometimes referred to as Biblically responsible investing or BRI), and cause greater Kingdom impact. CIF Foundation is a 501c3 non-profit organization that is a wholly owned non-profit entity of the Christian Investment Forum. The objective and purpose of the Foundation is to support the activities and purpose of the Christian Investment Forum (CIF), its sole member, in order to more effectively achieve the mission and goals of CIF. It is the intent of the CIF Foundation to provide research and education services to individual investors, advisors, and financial professionals related to Faith Driven Investing. Learn more at www.christianinvest.org

National Faith Driven Investor Gathering in Dallas – Sept 23-24th

by Justin Forman

One year ago, a small group of us gathered in Deer Valley to dream about how the Gospel might advance through Faith Driven Investing. This movement of investors, fund managers, and leaders believes that God owns it all and that He cares deeply about how we steward His investments. Watermark Community Church in Dallas is graciously working with us to host what will be this year’s defining gathering for Faith Driven Investors on September 23-24th!

We confirmed the dates less than a week ago, so more details will be coming out soon. We have already confirmed that Andy Crouch from Praxis, Finny Kuruvilla from Eventide, Ron Blue from Kingdom Advisors, and Todd Wagner from Watermark Community Church will be speaking. There will be tracks specifically designed for Real Estate, Private Equity, Direct Investments, Family Office, and Institutional Investing. We’ll feature actual faith-driven investment opportunities in new startups, real estate, and video properties including Phil Vischer, Creator of Veggietales. You can also stick around an extra day to network with entrepreneurs by joining us for the Faith Driven Entrepreneur Conference immediately following. 

Seating will be limited to 700 attendees and registration is open! The Faith Driven Investor is a ministry subsidized by the generosity of a few individuals and foundations. There are some added discounts available for the first 100 registered.

We’re excited to see you there!

Strategy in the Age of Superabundant Capital

 Image taken from Harvard Business Review

Image taken from Harvard Business Review

This article was originally published here by Harvard Business Review.

by Michael Mankins, Karen Harris, and David Harding

For most of the past 50 years, business leaders viewed financial capital as their most precious resource. They worked hard to ensure that every penny went to funding only the most promising projects. A generation of executives was taught to apply hurdle rates that reflected the high capital costs prevalent for most of the 1980s and 1990s. And companies like General Electric and Berkshire Hathaway were lauded for the discipline with which they invested.

Today financial capital is no longer a scarce resource—it is abundant and cheap. Bain’s Macro Trends Group estimates that global financial capital has more than tripled over the past three decades and now stands at roughly 10 times global GDP. As capital has grown more plentiful, its price has plummeted. For many large companies, the after-tax cost of borrowing is close to the rate of inflation, meaning that real borrowing costs hover near zero. Any reasonably profitable large enterprise can readily obtain the capital it needs to buy new equipment, fund new product development, enter new markets, and even acquire new businesses. To be sure, leadership teams still need to manage their money carefully—after all, waste is waste. But the skillful allocation of financial capital is no longer a source of sustained competitive advantage.

Read the rest of this article here!