GRACE LUTHERAN CHURCH
FOUNDATION NEWS
Caring for the Ministry of Grace: "Ecclesia Perpetua"
June 2008

Board of Directors
Carolyn Warloe
President
Shelly Lundahl
Treasurer
Hal Dick
Secretary
John King
Director
Jeffrey Beck
Director
Kris Saathof
Director
Jack Davis
Director
Pastor Zane Wilson
Ex-Officio
Anne Orwick
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.
Comings and Goings
    We have some new members of the Board for the Foundation. Peggy Custer who was our tireless Treasurer for several years, has decided to move on to other adventures. Dave Triebes found that he had more activities scheduled than he was able to manage and he resigned. In their places, Shelly Lundahl agreed to join the Board as a Director. In 2007, she was one of the Council's representatives on the Board. Now, Shelly is the Treasurer.
    In addition, Jack Davis has returned to the Board as a director to finish Dave's term. He spent time on the Board several years ago as the Council's representative. We thank Peggy and Dave for their time, and we welcome Shelly and Jack to the Foundation Board of Directors! This year's
Council representatives are Anne Orwick and Pr. Zane Wilson. One other change is that Hal Dick has agreed to be the Secretary.
    Every year the Council appoints two representatives to the Foundation Board. The purpose of these one-year appointments is to facilitate communication between the Church Council and the Foundation. Directors are approved by the Council, and serve three-year terms.

* * * * * * * *
    The Foundation Board is pleased to announce the successful transfer of funds from Union Bank of California to the ELCA Foundation's Endowment Fund. The transfer was completed in early February.
The Board of Directors acknowledges the generosity of the following people for donations:
January 2008
In Memory of Olaf Paasche
Ted and Swannie Carlson, Corvallis, OR
Anita McEldowney, Corvallis, OR
H. L. and Nancy Robinson, Bellevue, WA

In Memory of Gloria Nelson
Marna and Terry Renshaw, Corvallis, OR
Anita McEldowney, Corvallis, OR
Milt and Billie Larson, Corvallis, OR

February 2008
In Memory of Olaf Paasche
John and Marion Swanson, Corvallis, OR
Millie Babb, Corvallis, OR
Betty McCauley, Corvallis, OR

February 2008
In Memory of Gloria Nelson
Millie Babb, Corvallis, OR

In Memory of Mel Olsen
Millie Babb, Corvallis, OR

In Memory of Norm Jacobson
Phyllis Mesecar, Corvallis, OR
Hal and Rozella Lindsley, Corvallis, OR
Ed and Mary Ann Hall, Corvallis, OR
Winnifred Mathews, Corvallis, OR

In Memory of Carl Klein
Evelyn Klein, Corvallis, OR

In Service to the Ministry of Christ's Church


Year-to-Date Financial Report-March 2008
Year-to-Date Growth Before Expenditures
Personal Contributions
Earnings
      Total Growth
$950.00
$5,877.66
$6,827.66
Assets Composition on 3/31/08 (1)
Ronnenkamp Fund
Designated Endowments
Designated Funds
Undesignated Funds
Undistributed Earnings
      Trust Fund
$456,081.29
$60,116.01
$9,066.11
$5,231.62
$5,855.96
      $536,350.99
Foundation Expenditures
CPA Review
Annual Corporate Fees
Trust Fund Fees
Misc. Fees
Administrative Assistant
Supplies
Projects Funded
      Total Expenditures
$0.00
$50.00
$198.65
$0.00
$618.04
$0.00
$50.00
      $916.69
Projects Funded/Pending in 2007
Baptism 'donations' for Kids under 16 $300.00
Memorial Fund
Seder Books
Seder Dinner
      Total Projects
$150.00
$250.00
$700.00

(1) Note that $474,344.92 of Trust Fund sub-total is restricted endowments that must be maintained as principal.


Elsewhere on the Foundation page learn about:
        How to apply for funds
        Read other newsletters
        The different funds managed by the Foundation

The Board of Directors acknowledges the generosity of the following people for donations:
March 2008
In Memory of Olaf Paasche
Millie Babb, Corvallis, OR
In Memory of Olaf Paasche
Clark Amen, Corvallis, OR
Donald and Elaine Anderson, Tacoma, WA
In Memory of Marcella Ringbloom
John and Marion Swanson, Corvallis, OR
Lawrence and Donna Blus, Portland, OR
In Memory of Kirk Johnson
Millie Babb, Corvallis, OR
Marolyn Tarrant, Corvallis, OR
Norma Moody, Corvallis, OR

April 2008
Steve Poole, Corvallis, OR
In Memory of Marcella Ringbloom
Lou and Dona Williams, Corvallis, OR
Harold and Gloria Werth, Corvallis, OR
Phyllis Mesecar, Corvallis, OR
In Memory of Kirk Johnson
Millie Babb, Corvallis, OR
Phyllis Mesecar, Corvallis, OR
In Memory of Wayne Schultz
Phyllis Mesecar, Corvallis, OR
Marilyn Loftgard, Corvallis, OR
Lawrence and Jeneane Wuestenberg, Saint Peters, MO
June Rosevear, Corvallis, OR
Robert and Marcie Anderson, Corvallis, OR
Tom and Diane Stone, Corvallis, OR
Lee Strandberg, Corvallis, OR
Dale and Mary Jane Weber, Corvallis, OR
Harold and Gloria Werth, Corvallis, OR
Lois and Jack Davis, Corvallis, OR
Louise Erickson, Red Wing, MN
Billie Larson, Corvallis, OR
Ted and Swannie Carlson, Corvallis, OR
Betty Markham, Corvallis, OR


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