Endowed Funds (only earnings available)
When a donation is added to an endowed fund it becomes part of the endowed (irreducible) principal of the fund, unless other directions are provided.
    Ronnenkamp Fund - a general fund to support the mission of GELC.
    Storvick Parish Nurse Fund - to support the parish nurse and similar programs.
    Storvick Pipe Organ Fund - to support the maintenance, upkeep, rebuilding, expansion, and otherwise all other aspects associated with the playing of the GELC organ.
    Storvick Grace Center Fund - to support Grace Center for Adult Day Services.
    Kuehn Fund - for church choir music.
    Library Fund - a small fund dedicated to assisting the library.
    Roger W. Lindquist Fund - a priority of the fund is to help people in need. Note: there is also a non-endowed Roger W. Lindquist Fund.

Non-Endowed, Restricted Funds (principal and earnings available)
    Brian Smith Medical Fund - for use when a catastrophic and overwhelming health problem or medical need seriously impacts household finances.
    Music and Worship Fund - first for the purpose of maintaining the grand piano, and then to provide music and technology to enhance the music and worship at GELC.
    Technology Fund - to use towards purchasing needed computer and audio/video items for church use.
    The Schultz Family Youth Fund - to support group youth activities through matching funds.
    The William and Lorraine Benson Music Fund - to support traditional music, the pipe organ, and the grand piano.
    Roger W. Lindquist Fund - a priority of the fund is to help people in need. Note: there is also an endowed Roger Lindquist Fund.

All of these funds earn income and/or interest.

Two additional unrestricted and un-endowed funds do not earn income or interest:
    Memorial - when a donation is made to the Foundation as a in memory or in honor of members or friends of Grace Evangelical Lutheran Church, is added to this fund, unless a specific purpose is identified.
    General Unrestricted Fund - made up of donations that are not specifically directed to a named fund or a specific use. Used to support projects and to cover operating expenses.

Updated June 2023