Annual Report
Grace Lutheran Church Foundation
January 2014

The Foundation has a record value of $656,687 as of Nov. 30, 2013. This is the result of an increase in the value of the funds that are invested in the ELCA Endowment Fund and the addition of almost $30,000 in gifts. We are currently in a very healthy position to fund projects at Grace with approximately $150,000 available. Since the Foundation was established, the Board has worked to maintain the endowed value of the funds, invest the funds wisely to create additional earnings, encourage donations, and fund projects and activities within the guidelines of the donors.

This fall the Schultz Family Youth Fund was created, thanks to a generous donation from Edna Schultz. It is the first new dedicated fund we have added in several years and money from this fund will be available to support youth activities with matching funds. It is Edna's hope that these funds will help send the youth on trips including national youth conferences.

We are always willing to consider funding requests at our monthly meeting. The mission of the Foundation is to support the ministry of Grace and we do that by funding requests. Additional information on how to request funds is available at our web site (www.grace97330.org/Foundation/home.html) or by talking with a board member.

2013 Foundation Board: Carolyn Warloe (President), Tom Kiersky (Treasurer), Hal Dick (Secretary), Neil Christensen, Shelly Lundahl, Anne Orwick, Kris Saathoff, Molly Hallgrimson, and Pastor Wendell Hendershott.

Sincerely,
Carolyn Warloe
President,

During 2013, the Foundation awarded funds for the following projects:

Memorial Funds
Replaced toilets and made restrooms ADA compliant
Replaced altar rail kneeler pads
Replaced faucets in Fireside kitchen
Landscaping: memorial tree honoring Eldon Erickson
Chasuble in memory of Eldon Erickson
Activities for Diamond Jubilee (Pending)
$1,583.79
$1,023.00
$146.50
$683.66
$586.28
$1,500.00
From Other Funds
MIF4KIDZ Baptism donations for kids <16, $50 each ($200 Pending)
Harrington family medical expenses (Brian Smith Fund)
Dooley family medical expenses (Brian Smith Fund)
Discipling Ministries - computer, iPad, etc. (Pending)
Grace Center endowment distribution
Hadlock family medical expenses (Brian Smith Fund)
Planned-Giving seminar lunch
House of Zion Ministries
$500.00
$1,500.00
$200.00
$5,086.00
$1,936.52
$436.00
$75.01
$500.00
Total Paid Projects
Total Pending Awards
Total Projects Awarded
$8,970.76
$6,786.00
$15,756.76

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