GRACE LUTHERAN CHURCH
FOUNDATION NEWS
Caring for the Ministry of Grace: "Ecclesia Perpetua"
April 2009

Board of Directors
Carolyn Warloe
President
Tom Kiersky
Treasurer
Hal Dick
Secretary
Shelly Lundahl
Director
Kris Saathoff
Director
Jack Davis
Director
Neil Christensen
Director
Anne Orwick
Ex-Officio
Pastor Wendell
Hendershott
Ex-Officio
Pastor Netsie Griffith
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.

Funding a Foundation
Is that Goofy or What?
    No, that is not goofy! A foundation is defined in Webster's as "the basis upon which something stands or is supported". In the case of Grace Lutheran Church Foundation, it supports the mission of Grace Lutheran Church in many ways - since its inception, the Foundation has awarded over $336,000 to support the work of our Church.
    The Foundation received its initial support from a bequest from the Ronnenkamps. This was actually the stimulus for the creation of the Foundation. Since then, the Foundation has received thoughtful and generous support from many members of the church and has grown in serving the mission of the church. However, even our Foundation needs continued support; otherwise it may lose its strength and ability to respond to those unique needs of the church.
    Most of the support of the Foundation comes from two main sources: wills or trusts of persons or families that leave a certain amount of funds or property to the Foundation, and memorials to honor those members of the church who have passed on. We will provide more information later about how one can participate in supporting the Foundation, but for now we thought you might just like to read about two recent types of gifts:
    Clarice Akerson, a member of Grace for 40 years, died August 31, 2008. She served on the church council and participated in fellowship groups throughout the years. She
enjoyed singing in the choir. Although many of us remember Clarice as a quiet, gracious lady, she was very active as a teacher of special education children, including children of Oregon School for the Blind and Salem Academy. Before her death, Clarice and her husband Stan, established a trust, and in their will provided a generous gift from the trust to Grace Lutheran Church. This kind of gift, and many others like it, certainly helps our church grow in our commitments to serve the community of God.
    Glenn Sykes was a member of Grace for many years; after he retired from the Forest Service, he was custodian at Grace for ten years. Even after that, Glenn served his church in countless ways. He was a teller for Sunday offerings, he always showed up for work days, he participated in small groups, helped with office needs, and always was there to offer a helping hand. Glenn was a quiet man but he was a giant in service to his church. Many of us contributed to the Foundation in recognition of his devotion to the church. We can be pleased that through these memorial gifts, Glenn will be remembered and his good work will be continued.
    In future issues of this newsletter, we will provide more information about wills, trusts, annuities, memorials, and other ways in which every member of the church can support the Foundation. Remembering the good works and the faith of members of our congregation is certainly a fitting memorial. What can be better than supporting the good works of our church!
In Service to the Ministry of Christ's Church

January - December 2008
Year-to-Date Growth Before Expenditures
Contributions
Foundation Total Assets *
Expenses
$17,894.29
$381,164.64
$3,813.30
Projects Approved
Baptism 'donations' for Kids under 16,
    $50 each
Youth Mission Guyana Trip
Basement Renovation
$300.00

$2,250.00
$9,000.00

Memorial Funds
Seder Books
Yough Mission Guyana Trip
    (Kirk Johnson)
Basement Renovation (Wayne Schultz)
      Total Projects
$150.00
$105.00

$1,000.00
$12,505.00
* The Foundation's total assets on January 1, 2008 were $522,188.75.

Note: The Board has decided to change the financial report to simplify the information, but mainly so it takes up less of the newsletter. Please contact a member of the Board if you have questions about the changes.

The Board of Directors acknowledges the generosity of the following people for donations:
October 2008
In Memory of Harriet Johnson
Barbara, Len and Sharon Weber, Corvallis, OR
In Memory of Agnes Adix
to the Parish Nurse Program
Nancye and Jim Ballard, Corvallis, OR
In Memory of Wayne Schultz
Orano and Judy Grindahl, Corvallis, OR

November 2008
Herb and Donna Hansen, Corvallis, OR

December 2008
Anita McEldowney, Corvallis, OR
In Memory of Agnes Adix
Helen and Emery Hilderbrandt, Corvallis, OR
In Memory of Glenn Sykes
Millie Babb, Corvallis, OR
Harold and Gloria Werth, Corvallis, OR
Edna Schultz, Corvallis, OR
Jack and Lois Davis, Corvallis, OR
Ron and Kay Larson, Corvallis, OR
Black and Veatch Corp., Overland Park, KS

January 2009
In Memory of Glenn Sykes
Larry and Donna Blus, Portland, OR
Norma Moody, Corvallis, OR
Changes in the Foundation. There have been changes in the list of Foundation directors during the past year. In 2008, John King resigned because of health issues he was facing. We thank him sincerely for the wisdom and guidance he provided over many years of service on the Board. Tom Kiersky agreed to complete the last few months of John's term, and has not been appointed to a three-year term of his own.
    At the beginning of 2009, Jeff Beck's latest term on the Board came to an end, and he decided not to seek reappointment. He also merits our thanks for his many years of shared insight and financial expertise. Neil Christensen has been appointed to succeed Jeff, so the Board enthusiastically welcomes him and Tom. The Grace Lutheran Church Foundation is an Oregon corporation, and its directors serve as legacy and memorial stewards for Grace Lutheran Church.

Return to Newsletter Home