Annual Report
Grace Lutheran Church Foundation
January 2021

It has been a very strange year for all of us, the Foundation included. Because we were not holding Church in person, we have funded things that were started before the lockdown, things to facilitate online services, a drive-by Nativity, and support for our partners in mission. The Foundation also funded the third and last payment of $10,000 for the Giving it Forward Initiative which was awarded in 2017.

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 awarded $687,499 to a variety of projects that support Grace's mission. The Foundation's market value as of December 15, 2020, was $632,291.06. The Foundation currently has $88,758 available for awards, most of which is in funds that are designated for very specific purposes. For more information about grants we have awarded, pending grants, and how to apply for a grant from the Foundation, please visit our website grace97330.org/Foundation/home.html or contact a member of the Foundation Board.