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

Board of Directors
Carolyn Warloe
President
Shelly Lundahl
Treasurer
Hal Dick
Secretary
Jack Davis
Director
John King
Director
Jeffrey Beck
Director
Kris Saathoff
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.

WHAT YOU CAN'T GIVE US
    You can give money to the church. You can give stock and real estate. You can give personal property like artwork, antiques, coins and cars. You can give promissory notes and royalty rights. You can give life insurance and pension funds.
    You can give your time. You can donate your special expertise and your leadership skills. You can volunteer to help with various events. You can give a hundred different ways.
    But there's one thing you cannot give the church: a gift that will jeopardize your financial security. We won't let you. At least, we will try our best to prevent it.
    That's because we value you and your ongoing stewardship. We want your giving to be right for you in every way.
    Making a major gift to the church requires great care. The gift plan needs to fit you like a glove. It should make sense and contribute to your satisfaction and enjoyment. It should be one of the high points of your life. Patricia Larsen is the Director of Planned Giving for Oregon Synod. She is able to explain various giving opportunities
for you. Whether it is a bequest designation in your will or a life-income gift you establish now, she can help you.
    Would you like to know how to give a life insurance policy you no longer need? Tricia can help you. Do you want to explore a possible gift of closely held stock, a vacation home you no longer use, or a piece of undeveloped land? Tricia can address all of these things, and more.
    You can contact Tricia by dialing (503) 244-4102 or by emailing her at Blessed2Give@cs.com. You will find her personable, knowledgeable and trustworthy. She will guard your confidences and honor your privacy. No arm-twisting. Her services are complimentary and you are under no obligation to proceed with a gift.
    One more thing: Tricia will not try to take the place of your own legal, tax or financial advisors. Instead, she will urge you to obtain independent counsel to make sure that any major gift you make to ministry is appropriate in light of your overall estate plan.
    Let Tricia tell you about the planned gifts others have made and what opportunities exist for you. Call her or email her today.

My estate is given to me by God to be used wisely in God's service;
therefore I will make a will as an act of Christian stewardship.
My will shall give thanks to God for his blessings and express my love for
my family, church, and friends.

In Service to the Ministry of Christ's Church

January-June 2008
Year-to-Date Growth Before Expenditures
Personal Contributions
Earnings
      Total Growth
$1,710.00
$11,405.67
$13,115.67
Assets Composition on 6/30/08 (1)
Ronnenkamp Fund
Designated Endowments
Designated Funds
Undesignated Funds
Undistributed Earnings
      Trust Fund
$414,488.59
$54,724.27
$8,252.98
$5,934.51
$11,176.72
      $494,577.07
Foundation Expenditures
CPA Review
Annual Corporate Fees
Trust Fund Fees
Misc. Expenses
Administrative Assistant
Supplies
Projects Funded
      Total Expenditures
$710.00
$148.00
$198.65
$0.00
$1,438.74
$88.19
$200.00
      $2,783.58
Projects Funded/Pending in 2008
Baptism 'donations' for Kids under 16,
    $50 each
Youth Mission Guyana trip
Basement Renovation
$300.00

$2,144.30
$9,000.00
Memorial Funds
Seder Books
Seder Dinner
Youth Mission Guyana trip
    (Kirk Johnson)
      Total Projects
$150.00
$250.00
$105.00

$11,649.30

(1) Note that $474,344.92 of the Trust Fund are restricted endowments that must be maintained as principal.
The Board of Directors acknowledges the generosity of the following people for donations:
April 2008
In Memory of Marcella Ringbloom
Phillip Magnusson, Corvallis, OR
Anita McEldowney, Corvallis, OR
Terry and Marna Renshaw, Corvallis, OR

In Memory of Wayne Schultz
Dean and Sylvia Aulerich, Corvallis, OR
Millie Babb, Corvallis, OR
Anita McEldowney, Corvallis, OR
Eldon and Carol Erickson, Corvallis, OR

May 2008
In Memory of Marcella Ringbloom
Millie Babb, Corvallis, OR
Eldon and Carol Erickson, Corvallis, OR

In Memory of Kirk Johnson
Millie Babb, Corvallis, OR
Marolyn Tarrant, Corvallis, OR
Norma Moody, Corvallis, OR

In Memory of Wayne Schultz
Millie Babb, Corvallis, OR
Anita McEldowney, Corvallis, OR
Vernon and Marcia Holmes, Woodland, CA

June 2008
Quincy Levien, Corvallis, OR
Keith and Bekki Levien, Corvallis, OR

In Memory of Kirk Johnson
Anita McEldowney, Corvallis, OR

In Memory of Wayne Schultz
Eldon and Carol Erickson, Corvallis, OR

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