GRACE LUTHERAN CHURCH
FOUNDATION NEWS
Caring for the Ministry of Grace: "Ecclesia Perpetua"
August 2006
Board of Directors
Carolyn Warloe
President
Peggy Custer
Treasurer
Michael Beachley
Secretary
Hal Dick
Director
John King
Director
Larry Burt
Director
Jeffrey Beck
Director
Rev. Dan Hallgrimson
Ex-Officio
Neil Christensen
Ex-Officio
Joy Linn
Administrative Asst.

The Grace Lutheran
Church Foundation is
a professionally
managed corporate
nonprofit foundation
established by Grace
Lutheran Church,
Corvallis, Oregon.

Your Footprints
    Everyone leaves footprints on the sands of time. Our prints are made by the imprints of our lives on others. A person is remembered for the weight of his or her character. For marks of accomplishment. For shapes of kindness. For breadth of compassion. For depth of personal warmth. For generosity. For values.
    When we leave positive impressions behind, we enhance the lives of our friends and loved ones. We give them footprints to follow.
    Thoughtful estate planning is one means we have to make a print in the sand, to help others recall our priorities. For example, consider the effect of a plan that includes provision for family members and resources for ministry.

An estate gift makes a positive statement.
   When you include the church in the final disposition of your estate, you declare to your family and friends that you believe in Jesus Christ and care about the mission of our church. Your parting gift becomes a clear declaration of your values.

An estate gift provides needed funding.
    Estate gifts are especially valuable, not only because they tend to be larger than annual gifts, but because they often come at critical times. They provide that extra boost to the

budget that can make the difference between program advancement and program retrenchment.
    Estate gifts can be designated for a specific purpose or they can be unrestricted for use where needed most. They can fund our congregation's endowment fund and perpetually provide an ongoing witness to your friends and loved ones that you believe in the Lord.

An estate gift encourages imitation.
    There's something about a well-planned estate gift that influences others to "go and do likewise." As friends and family members plan their own estates, they may recall your generosity and thoughtfulness. Your gift may unlock resources for the church from other estates.

    Dr. Patricia Larsen, the Oregon Synod's Director of Planned Giving, is available to provide you, confidentially, with the information and materials you need to include charitable giving in your overall estate plan.
    To arrange for a personal visit, or to simply request a complimentary will workbook and samples of Christian Preambles, contact her at 503-413-1405 or email her at Blessed2Give@cs.com.

In Service to the Ministry of Christ's Church
Year-to-Date Financial Report-June 2006
Year-to-Date Growth Before Expenditures
Personal Contributions
Earnings
Project Reimbursement
Variance: Trust Fund Mkt Value (1)
      Total Growth 		$1,404.00
$6,061.08
$50.00
$11,124.07
$18,639.15
Assets Composition on 06/30/06 (2)
Ronnenkamp Fund
Designated Endowments
Designated Funds
Undesignated Funds
Undistributed Earnings
      Trust Fund
$491,023.12
$63,436.09
$9,626.75
$16,573.12
$2,039.97
      $582,399.05
Foundation Expenditures
CPA Review
Annual Corporate Fees
Trust Fund Fees
Donation Transfer to GLC
Administrative Assistant
Supplies
Projects Funded
      Total Expenditures 		$625.00
$148.00
$1,202.44
$320.00
$1,367.87
$24.52
$10,193.58
      $13,881.41
Projects Funded/Pending in 2006
GLC Brochures
Director of Lay Ministry, 2005/06
    12-month salary support
Men's Ministry Workshop (underwriting)
Music (Kuehn Music Fund)
Luther House Centennial Celebration
Kaija Swisher,
    Young Adults Global Mission
B. Poole, Eagle Scout Project,
    Middle School Room Restoration 		$1,000.00
$15,000.00

$1,000.00
$163.49
$2,500.00
$1,000.00

$680.00

Memorial Funds
Music: laptop computer
4x60" round tables
Altar Guild Supplies
      Total Projects 		$50.00
$479.99
$1,700.00
$23,573.49


(1) On 12/31/05 the market value was $63,205.03 below book value. On 6/30/06 the market value was $52,080.96 below book value.

(2) Amounts listed represent book values rather than market values. Note that $474,344.92 of Trust Fund sub-total is restricted endowments that must be maintained as principal.

The Board of Directors acknowledges the generosity of the following people for donations:
February 2006
In Memory of Bob Rose
Olaf Paasche, Corvallis, OR
In Memory of Dottie Humble, to the Music Fund
Betty McCauley, Corvallis, OR
In Memory of Helen Cadd-Beeman
Herb and Donna Hansen, Corvallis, OR

March 2006
Steve Poole, Concord Investment Management
    Trust, Corvallis, OR
Don Pfeifer, Corvallis, OR
In Memory of Frieda Schmidt
Ruth Alexander, Corvallis, OR
In Memory of Debra Bode
Millie Babb, Corvallis, OR
In Memory of Dottie Humble
Betty Luoma, Oceanside, CA
Edna Schultz, Corvallis, OR
Marna and Terry Renshaw, Corvallis, OR
Dale and Mary Jane Weber, Corvallis, OR
William Benson & Mary Benson Willet & Family,
    Corvallis, OR
Bill and Judy Winkler, Corvallis, OR
Anita McEldowney, Corvallis, OR
Roger and Donna Ryman, Castle Rock, CO
Howard and Gloria Werth, Corvallis, OR
In Memory of Dottie Humble, to the Music Fund
Ted and Swannie Carlson, Corvallis, OR
James and Donna Wernz, Philomath, OR

April 2006
Mike Twerwilliger, Corvallis, OR
In Memory of Frieda Schmidt
Sandra and Michael Beachley, Corvallis, OR
In Memory of Dottie Humble
Sandra and Michael Beachley, Corvallis, OR
In Memory of Dottie Humble, to the Music Fund
Colleen Swanson, Eugene, OR
Vern and Marlene Johnson, Philomath, OR
In Memory of Elizabeth Gahm
Anita McEldowney, Corvallis, OR
Edward and Mary Ann Hall, Corvallis, OR

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