GRACE LUTHERAN CHURCH
FOUNDATION NEWS
Caring for the Ministry of Grace: "Ecclesia Perpetua"
June 2014

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

Different Gift Opportunities

There are many ways to support the church and play a role in its future. Beyond the usual gifts of cash and bequests in wills, here are some examples of other opportunities:

Bank Accounts – You might specify that they are “payable on death” (POD) to the church. You retain total control over the account during your life. The property passes to the church at your death without probate.

Stocks and Bonds – You might be entitled to a tax deduction if you give these securities to the church during your lifetime.

Life Insurance – Consider naming the church as a beneficiary for part or all of any insurance policy. Or, consider transferring the ownership of life insurance you no longer need to the church. The cash value, when given, plus the annual premium, can qualify for a federal income tax deduction.

Retirement Accounts – You may want to name the church as a beneficiary of your individual retirement account or other retirement funds, in the event that you or other family members die before receiving all of the funds.

Real Estate – Consider the gift of vacant land, a condominium, commercial property, home, farm, vacation home, or other types of real estate. You might be entitled to a tax deduction for the fair market value of the property at the time the gift is made.

Contact one of the Pastors or a Foundation Director if you have questions.


The Board of Directors acknowledges the generosity of
the following people for donations:
November 2013
In Memory of Elsa Moeller
Dan and Molly Hallgrimson, Corvallis, OR

December 2013
In Memory of Ruth Alexander
Diane Alexander, Arlington, VA
William and Diane Alexander, Concord, CA    
December 2013
In Memory of Donna Paulson
Dan and Molly Hallgrimson, Corvallis, OR

In Memory of Eldon Erickson
David and Laura Metzger, Salem, OR

January 2014
Harry Duranceau, Corvallis, OR

In Service to the Ministry of Christ's Church


Grace Lutheran Church Foundation
Financial Report
January 1 – March 31, 2014

Contributions

Foundation Total Assets *

Expenses

$16,045.00

$699,782.72

$1,098.70

Projects Approved
MIF4KIDZ Baptism "donations" for
    children under age 16, $50 each
Discipling Ministries computer, iPad,
    projector
Jackson Street Youth Shelter
    Laundry room renovation
Upgrade sanctuary lighting to LEDs
New bookkeeper computer

$300.00

$5,086.00

$1,500.00

$2,500.00
$576.99

Memorial Funds
Diamond Jubilee celebration
$1,500.00
      Total Projects $11,462.99

* The Foundation's total assets on January 1, 2014 were $671,201.85.


The Board of Directors acknowledges the generosity of
the following people for donations:
January 2014
In Memory of Donna Paulson
Larry and Donna Blus, Beaverton, OR
Kathy Farnsworth, Corvallis, OR
Millie Babb, Corvallis, OR
Kristeen Wilburn, Corvallis, OR
Gordon and Mary Ann Matzke, Corvallis, OR
Carol Erickson, Corvallis, OR
Hal Dick, Corvallis, OR

In Memory of Gloria Wegelt
Gloria Werth, Corvallis, OR

In Memory of Adeline Hult
to the Church Choir
Norma Moody, Corvallis, OR
The Board of Directors acknowledges the generosity of the following people for donations:
January 2014
In Memory of Adeline Hult
Dan and Molly Hallgrimson, Corvallis, OR
Milt and Billie Larson, Corvallis, OR
Terry and Marna Renshaw, Corvallis, OR
Tom and Becky Kiersky, Corvallis, OR
Larry and Donna Blus, Beaverton, OR
Kathy Farnsworth, Corvallis, OR
Dale and Mary Jane Weber, Corvallis, OR
Gordon and Mary Ann Matzke, Corvallis, OR
Marilyn Loftsgard, Corvallis, OR
Ron and Kay Larson, Corvallis, OR
Ron and Colene Voll, Corvallis, OR
Dale and Estelle Sopher, Oneida, IL
Mildred Babb, Corvallis, OR
Leona Cahoon, Augusta, KS
Kris and Bob Saathoff, Philomath, OR
Penny and Ron Reher, Corvallis, OR
Cynara and Cy Stadsvold, Corvallis, OR
Gloria Werth, Corvallis, OR
Edna Schultz, Corvallis, OR
Carol Erickson, Corvallis, OR
Hal Dick, Corvallis, OR
Annette Stixrud, Wilsonville, OR
Velna Werth, Corvallis, OR
Ron and Barb Manbeck, Port Orchard, WA
Dixie and Don Lundquist, Marquette, KS
Vada Rozann Cedarholm, Lindsborg, KS
Ardythe and Theodore Lange, Antioch, IL
Eleanor Lundquist, Marquette, KS
Mary Orvis, Minneapolis, MN
Judith Erdman, Roseville, MN
Robert and Carley Engwall, Golden Valley, MN
Lucille Hawkinson, Lindsborg, KS

February 2014
In Memory of Adeline Hult
Dorothy Goudy

March 2014
In Memory of Adeline Hult
Eleanor Scott Girdwood, AK


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