Annual Report
Grace Lutheran Church Foundation
January 2022

This year we have inched a little closer to our new normal with Grace back to in-person services and continued services on line. The Foundation continues to support Grace's efforts to reinvent itself with continued streaming of services along with our in-person services. The Foundation is an amazing asset ready to assist with the financial needs of Grace's current and expanding 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 awarded $692,913.66 to a variety of projects that support Grace's mission. The Foundation's value as of October 31, 2021, was $763,285.04.

The Foundation currently has $190,812.48 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.