Christian Higher Education Funding Associates
Providing for the need of higher income for retirees today and for their lifetime
The mission of the Christian Higher Education Funding Associates (CHEFA) is to assist Council of Private Colleges of America (CPCA) Institutions with a proven financial method to raise the finances needed to accomplish God’s vision for your institution through the CHEFA Donor Enhanced Charitable Gift Annuity.
The Electronic Learning Institute (ELI) is a 501(c)(3) nonprofit organization formed in 1999 to provide a vehicle for the funding of other IRS section 501(c)(3) recognized organizations and to initiate, fund and administer a wide variety of charitable, educational, religious scientific, and/or literary projects.
In 2015 the Board of Directors of ELI was searching for a way ELI could help faith based higher education institutions with the financial support needed for these institutions to accomplish the vision God has given them.
ELI was approved by the State of Florida Office of Insurance to issue donor annuities in Florida. Our Donor Enhanced Charitable Gift Annuity Program provides seniors 60 years of age and older a monthly DIVIDEND FOR LIFE that is above most immediate charitable gift annuity payouts.
CHEFA is one of these projects and it is the vehicle through which ELI will be assisting faith based Christian Higher Education Institutions to achieve their God given mission with the help of funding that they have no had previously.
ELI and CHEFA has selected the Council of Private Colleges of America (CPCA) and their faith based higher education institutions in good standing and that are participating in that organizations 21st Century Certification program to benefit from this Donor Enhanced Charitable Gift Annuity Program.