GuideStone investments now open to church members comment (0)
May 22, 2014
DALLAS — Southern Baptist and evangelical church members can now invest with GuideStone Funds.
Since its 2001 inception, GuideStone Funds has limited participation to pastors, missionaries and employees of Southern Baptist and evangelical churches and ministries as well as their immediate family members. The Southern Baptist Convention’s (SBC) 2013 amendment of GuideStone’s ministry statement to allow the entity to offer its investments, insurance and services to likeminded individuals helped make the change possible.
GuideStone described the change, which went into effect May 5, as an important next step in supporting the company’s long-term growth and fulfilling its mission.
Ron Dugan, chief strategic investment officer for GuideStone, said, “We believe that the time is right to make these funds available to a wider Christian audience.
“Having successfully weathered financial storms after September 2001, as well as the economic downturn of 2008–2009, we believe our funds are battle-tested and offer a good approach for values-based investors who want to invest in accordance with their values.”
GuideStone Funds is a controlled-affiliate of GuideStone Financial Resources, an entity of the SBC. Originally founded as a relief organization, GuideStone has transitioned into providing employer-sponsored retirement plans, life and health products and property and casualty coverage. In the mutual funds group, GuideStone launched the first Christian-based target-date fund lineup in 2006.