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November/December 2009
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| Message From the President
President | ||||||||||||
| New Board of Trustees Named
New Foundation trustees were approved at the Foundation board meeting recently held. Foundation Executive Director, Lisa Levine, was named President of the organization. Additionally, in 2010, an Equipment Leasing and Finance Association Vice Chair will serve on the Foundation board moving forward. The addition of an ELFA vice chair will continue the thread of communication and information sharing between the Association and the Foundation.
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New Foundation Luncheon Format at ELFA Convention Big Hit Each year, the Foundation holds a special donor recognition luncheon at the annual ELFA convention to extend a public thank you for the generosity industry members and companies have bestowed upon the organization. At this past October’s recognition luncheon, the Foundation evolved the format to include more industry programming in addition to the traditional donor awards program. | ||||||||||||
| Foundation Donors Remain Steadfast The past 18 months have been tougher than any industry wishes to bear. However, the equipment finance industry – known for its creativity and durability – has shown itself to be resilient even in the most stressful of financial times. This also holds true for the Foundation. The organization has been fortunate to have donors who remain constant and dedicated regardless of difficult economic times. | ||||||||||||
| MCI-EFI Shows Increasing Industry Confidence The Foundation’s Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) has been an interesting indicator of the level of optimism (or pessimism) experienced by industry leaders. By providing a qualitative assessment of both the prevailing business conditions and expectations for the future, as reported by key executives from the $650 billion equipment finance sector, the MCI-EFI is showing an overall increase in confidence, albeit slightly. | ||||||||||||
| Research Committee Discusses Projects for 2010 The research committee recently met to discuss topics the Foundation should pursue in the coming months. Various ideas are under discussion including:
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| Captive Study Now Available; Shows Changes are Afoot A n  ew study, Captive Finance Firms in a Challenging Economy, produced by CapGemini on behalf of the Foundation, is now available. With economic upheaval marking 2008-2009, the value captive brings to the parent are being examined. This new study explores the captive business model, its evolution, current events’ affect on captives, and measuring captive success.
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Get Your Industry Studies...For Free!  
The latest available (and soon-to-be-released) Equipment Leasing & Finance Foundation research could be yours at no charge. A donation to the Foundation today means you could have access to these studies for free, including:
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| Foundation Events
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| Quick Poll | ||||||||||||
| Last Month's Poll
Question: Will the demand for acquiring equipment return in 2010?
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| Did You Know? Throughout the equipment finance industry, workforce levels are down. Captives were the hardest hit with a drop in headcount nearing 9%. (Source: Captive Finance Firms in a Challenging Economy: Facing the Wave, CapGemini and The Equipment Leasing and Finance Foundation)
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