GRACE LUTHERAN CHURCH FOUNDATION NEWS Caring for the Ministry of Grace: "Ecclesia Perpetua" June 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 Netsie Griffith Pastor Wendell Hendershott Co-Ex-Officios Joy Linn Administrative Asst. The Grace Lutheran Church Foundation is a professionally managed corporate nonprofit foundation established by Grace Lutheran Church, Corvallis, Oregon.
	What's in a Name? A Rose by Any Other Name Would Smell as Sweet
	Not so with Grace Lutheran Church's Foundation. It's important not to name a church foundation, your "[Church Name] Endowment Fund." Then people will assume all monies given to that Endowment Fund will be endowed. Being endowed means the principal is not touched and just the earned interest of that principal amount can be used for a prescribed purpose.     This was a point discussed at a Congregational Endowment Seminar attended by Hal Dick and Anne Orwick on April 25, at Community of Hope Lutheran Church in Wilsonville. The keynote speaker was Keith Nelson from the ELCA Foundation.     Some other points discussed at this seminar: It's not about the money, it's about the mission: in other words, all the wonderful accomplishments of the gifts to your Foundation. Share the mission and vision of your Mission Foundation Fund. Help members see how it fulfills the congregation's mission statement to make Christ known in your community and in all the world. Place emphasis on projects that help make the congregation's ministry grow. Some congregations may respond to the idea of establishing scholarship funds for students, through their Mission Foundation Funds. We also discussed lots of other great ideas for ministry. The ELCA Foundation is a wonderful resource for the work of the Grace Lutheran Church Foundation. Becoming a Willing Witness Part I Leave a Legacy for Ministry Have you ever wondered what your legacy might be? You can leave a legacy that makes a difference for the world by supporting ministries important to you. Your will and long-term financial plan are statements of faith that continue beyond your lifetime. Why Do I Need a Will? A will can insure that assets you have worked a lifetime to accumulate are distributed according to your wishes. If you do not leave written directions in your will, the state will distribute your assets. People of all ages need a will, which can be a stewardship vehicle that allows you to: 1) plan for the future of your loved ones and name guardians for your minor children; and 2) express your faith through support for people and ministries important to you.

January 1 - March 31, 2009 Contributions Foundation Total Assets * Expenses Donation returned to GLC $31,767.72 $371,130.15 $1,200.98 $12,747.79 Projects Approved Baptism 'donations' for Kids under 16,     $50 each $250.00       Total Projects $250.00 * The Foundation's total assets on January 1, 2009 were $381,164.65. Becoming a Willing Witness Part II Leaving a Legacy Gives Witness to Faith As a lifelong stewardship vehicle, your will can be used to support any ministry of the Evangelical Lutheran Church in America, including Grace Lutheran Church, the Oregon Synod, a churchwide ministry, or other ELCA-affiliated ministry. Information is available from the Grace Lutheran Church Foundation (GLCF), 435 NW 21st St., Corvallis, OR 97330, or from the ELCA Foundation, 8765 W. Higgins Rd., Chicago, IL 60631. Any GLCF director will gladly talk with you about legacy opportunities.
	The Board of Directors acknowledges the generosity of the following people for donations: January 2009 In Memory of Dorothy Skwark for software and computer upgrades and sound and video projection system improvements Paul and Gale Hazel, Corvallis, OR Ann and Mike Thommes, Portland, OR In Memory of Dorothy Skwark Millie Babb, Corvallis, OR Winnifred Mathews, Corvallis, OR In Memory of Glenn SYkes Terry and Marna Renshaw, Corvallis, OR February 2009 Stan and Dorothy Miles, Corvallis, OR Steve and Debbie Poole, Corvallis, OR Olaf Paasche Estate, Corvallis, OR In Memory of Dorothy Skwark Phyllis Mesecar, Corvallis, OR Betty McCauley, Corvallis, OR Lew and Donna Williams, Corvallis, OR Mary Prilchard, Albany, OR March 2009 In Honor of Dale and Mary Jane Weber's 50th wedding anniversary Anita McEldowney, Corvallis, OR In Memory of Charlotte Decker Terry and Marna Renshaw, Corvallis, OR In Memory of Irene Emerick William Benson, Corvallis, OR Millie Babb, Corvallis, OR