Question 1

What is Everence Trust Company?

Accepted Answer

Everence Trust Company is a faith-based trust institution headquartered in Goshen, Indiana. As part of Everence, a nonprofit financial services organization with over $6 billion in assets, the trust company provides specialized fiduciary and trust services rooted in Anabaptist-Mennonite values.

With approximately $14 million in assets, Everence Trust Company serves individuals, families, congregations, and nonprofit organizations seeking values-based financial stewardship and professional trust administration. The institution emphasizes integrating faith principles with sound financial practices.

Question 2

When was Everence Trust Company founded?

Accepted Answer

Everence Trust Company emerged from Mennonite Mutual Aid (MMA), which was founded in Goshen, Indiana in 1945. The organization was initially established to assist Civilian Public Service workers who served as conscientious objectors during World War II, providing them with short-term loans and financial support.

Over 75 years, the organization expanded its services significantly. In 2008, Mennonite Mutual Aid was rebranded as Everence following various acquisitions of other Mennonite-rooted financial organizations. The trust company division developed as part of this evolution to provide specialized fiduciary services aligned with the organization's mission of helping people integrate faith with financial decisions.

Question 3

Where is Everence Trust Company headquartered?

Accepted Answer

Everence Trust Company is headquartered in Goshen, Indiana. The main office is located at 1110 North Main Street, Goshen, IN 46528.

Goshen, located in Elkhart County, has been home to Everence and its predecessor organizations since 1945. The city is situated in northeastern Indiana and is closely associated with Mennonite and Anabaptist communities, including nearby Goshen College. The headquarters houses the largest concentration of Everence's nearly 400 employees nationwide.

Question 4

Where does Everence Trust Company operate?

Accepted Answer

Everence Trust Company operates from a single domestic office in Goshen, Indiana, but serves clients nationwide. The institution operates within the Elkhart-Goshen, IN metropolitan area and extends its services throughout the United States.

Through its parent organization Everence, the trust company has access to a network of branch locations across multiple states, enabling it to serve members of over 30 denominations and faith communities with historic Anabaptist and Peace Church roots including Church of the Brethren, Conservative Friends, and various Mennonite conferences.

Question 5

What services does Everence Trust Company offer?

Accepted Answer

Everence Trust Company offers comprehensive trust and fiduciary services including serving as trustee for revocable and irrevocable trusts, charitable trusts, and estate administration. The company provides investment management, tax preparation, and coordination with professional advisors as part of its trust services.

Beyond traditional trust services, Everence specializes in helping nonprofits and congregations manage non-cash donations and establish endowments. The organization has successfully helped clients monetize unusual donated assets including livestock, vacation properties, antiques, and equipment.

The trust company operates within Everence's broader service platform that includes a federal credit union, charitable foundation, investment services, and stewardship education programs. This integrated approach allows clients to access financial planning, socially responsible investments through the Praxis family of mutual funds, and charitable giving tools all aligned with faith-based values.

Question 6

What makes Everence Trust Company unique?

Accepted Answer

Everence Trust Company stands out as the only full-service financial institution founded by one of the historic peace churches, maintaining its identity as a ministry of Mennonite Church USA. The institution integrates Anabaptist values of mutual aid, stewardship, and generosity into all aspects of its operations.

The organization's emphasis on socially responsible investing through screening for sustainable practices, shareholder advocacy for ethical corporate behavior, and community investment distinguishes it in the trust industry. Everence pioneered faith-based SRI practices and leads in avoiding investments in weaponry, alcohol, gambling, and tobacco.

The trust company's member-owned, nonprofit structure means all earnings are reinvested to benefit members and support community initiatives. Everence employees are actively engaged in charitable giving and community service, with the organization offering unique programs like Thrivent Action Teams and charitable credit cards that direct 1.5% of purchases to member-designated charities.

Question 7

What type of financial institution is Everence Trust Company?

Accepted Answer

Everence Trust Company is a Non-Depository Trust Company. This institution type specializes in fiduciary services including trust administration, estate settlement, and asset management rather than traditional deposit-taking activities.

As a trust company, the institution holds specialized powers to act as trustee, executor, and in other fiduciary capacities. The minimal deposits on its balance sheet ($500,000) reflect its focus on trust services rather than retail banking. The trust company operates as part of Everence's diversified financial services platform, which also includes a separately chartered federal credit union for deposit and lending services.

Question 8

What is Everence's approach to charitable giving?

Accepted Answer

Everence Trust Company, through its parent organization, places exceptional emphasis on charitable giving and community support. The organization believes in stewardship principles that "all we have comes from God" and encourages members to use financial resources to benefit communities.

The institution offers multiple charitable giving tools including donor-advised funds, charitable trusts, endowment establishment services, and specialized support for nonprofit organizations. Church relations representatives provide congregations with stewardship education through curricula, seminars, and workshops.

Everence has generated over $1.7 million for charities through its charitable credit card program since 2017. The organization focuses on helping nonprofits become financially healthy so they can maximize their community impact, offering financial advisors who specialize in nonprofit needs and creative solutions for non-cash gift management.

Everence Trust Company

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About Everence Trust Company in the United States