Annual Report
Grace Lutheran Church Foundation
January 2020

Another year has passed with the Grace Foundation quietly supporting the congregation with financial grants. This ability to provide assistance has made it nearly possible for the mortgage to be paid off in 2020, allowing money that would have been spent on interest to be used to advance our program and mission.

The Foundation administers multiple funds, some of which are endowed and many that have specific designated purposes. The Foundation is dedicated to preserving the endowed funds while using their earnings to support projects that will enhance the mission of Grace. Since 2008, the funds of the Foundation have been managed by the Endowment Fund of the Evangelical Lutheran Church in America.

During our existence as a Foundation, we have dispersed awards of $655,289.25 (as of 11/20/2019) to a variety of projects that support the mission of Grace. The Foundation's market value (as of 11/20/2019) is $633,451.05. The Foundation currently has $95,599.32 available for awards. For more information about grants we have awarded, pending grants, and how to apply for a grant from the Foundation, please visit our website at grace97330.org/Foundation/home.html or contact a member of the Foundation Board.

During 2019 we awarded the follow grants:

Rebinding of Lectionary
Mission Investment Fund 4 Kidz
Corvallis Drop-In Center Grant
Gondar Sister City Trip - Hadlock Family
Lutherfest - Luther House
Professional servicing of Grace Steinway Piano
LED lighting for Ronnenkamp Hall


$45.00  
$250.00  
$2,250.00  
$2,000.00  
$3,000.00  
$2,500.00  
$3,040.00  

Total projects awarded in 2019

$13,085.00


Sincerely,
Carolyn Warloe
President

Foundation Board 2019: Carolyn Warloe (President), Shelly Lundahl (Treasurer), Hal Dick (Secretary), Michael Beachley, Kris Saathoff, Bill Strohlein, and Kathy Vohland. Pr. Wendell Hendershot and Jeff Beck are ex officio members of the Board. Joy Linn is Administrative Assistant.

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