GRACE LUTHERAN CHURCH
FOUNDATION NEWS
Caring for the Ministry of Grace: "Ecclesia Perpetua"
December 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.

AND WHATEVER YOU DO, IN WORD OR DEED, DO EVERYTHING IN THE NAME OF THE LORD JESUS, GIVING THANKS TO GOD THE FATHER THROUGH HIM.             COLOSSIANS 3:17 (NRSV)

Saying "Thanks" with our Gifts
    The Foundation Board says a huge "THANKS" to all of you at Grace who have supported, participated in, encouraged, or prayed for ministries that the Foundation funded recently! You helped ...
  -     enhance worship music with new instruments and sound system,
  -     welcome children into renovated Sunday School rooms,
  -     send a team of youth and adults to Guyana,
  -     provide new computers for our pastors
  -     and start a hand chimes music group
Working together, we have enhanced and initiated new ministries at Grace beyond current programming.
    All this is possible because members saw ministry opportunities and you, with others previously, said "Thanks, God" with gifts through the Grace Foundation. These gifts are your legacy of love for the future, showing your hope and passion that we touch more people with God's love through Grace Lutheran Church.
    As values of our invested funds dipped steeply, the Foundation Board has wrestled this last year to understand how our funds could be used. When our funds invested with the ELCA Foundation were "underwater," we received no earnings to fund projects, but learned we could use un-endowed monies in the Foundation's
General Fund to support the mission of the Foundation. We are thankful that our resources are currently recovering value, at least to the level of the endowed balance money from the endowed gifts. The Board believes that the market will recover, allowing us once again to fund projects from the earnings of endowed gifts.
    At any stage of life, we can witness to our faith and hope for the future by sharing our gifts, financial and others. The Foundation can fund more ministry work as the total funds grow, either from gifts or investment earnings.
    Gifts to the Foundation have come mostly from three types of "Thank you" responses. Living givers have celebrated a major faith or life milestone in the family, such as a baptism, confirmation, marriage, etc., or celebrated the life of a friend or relative that passed on. While all heartfelt offerings to God should be celebrated, gifts to the Foundation show a vision to provide lasting benefits for God's work.
    Givers have also thanked God for their blessings by investing in the church as a "Willing Witness." They witness to their faith by planning a gift from their estate that will provide resources that have a lasting impact for God's work. Estate planning is helpful for everyone, regardless of the size of their estate. Designating a gift in a will provides a lasting legacy of love for the Lord and the Lord's work in this place.
In Service to the Ministry of Christ's Church

January 1 - September 30, 2009
Year-to-Date Growth Before Expenditures
Contributions
Foundation Total Assets *
Expenses
    Includes projects funded
    (Donation returned to GLC
$35,652.72
$471,031.98
$27,567.42

$12,747.79)

Projects Approved
Baptism "donations" for children
    under age 16,$50 each
    "Future4Kidz"
Computers for Pastors (matching gift)
$550.00

$1,945.00
$9,000.00

Memorial Funds
Software and computer upgrades; sound
    and video projection system improvements
    (Don and Dorothy Skwark)
Parish Nurse: AED training (Agnes Adix)
      Total Projects
$8,963.40


$750.00
$12,208.40

* The Foundation's total assets on January 1, 2009, were $381,164.65.


For us Christians, our lifetime plan of stewardship is not complete until we have made some provision in our wills for the Lord's ongoing work on earth.

* * * * * *

A gift to the church is a testimony to your faith and the confidence you have in the ministry of the church. A "Christian Preamble" to your will is a testimony to your family of your faith in God and will ease their grief.

The Board of Directors acknowledges the generosity of the following people for donations:
June 2009
In Memory of Margaret Joy Christensen
Neil and Delores Christensen, Corvallis, OR
Hilman and Delores Ratsch, Corvallis, OR

July 2009
In Memory of John Swanson
Doris Caldwell, Corvallis, OR
George and Mary Ann Matzke, Corvallis, OR
Velna Werth, Corvallis, OR
Ron and Barbara Manbeck, Corvallis, OR
Herb and Donna Hansen, Corvallis, OR
Billie Larson, Corvallis, OR
Carolyn and Kris Warloe, Corvallis, OR
Marion Swanson, Corvallis, OR
Clara McCormick, Corvallis, OR
Ron and Norma Edwards, Corvallis, OR
Anne Cotton, Corvallis, OR
Raymond & Margaret Chang, Williamstown, MA
James and Mariellen Harper, Corvallis, OR
Vern and Marlene Johnson, Philomath, OR
Marilyn Loftsgard, Corvallis, OR
Eldon and Carol Erickson, Corvallis, OR
Ron and Kay Larson, Corvallis, OR
Evelyn Klein, Corvallis, OR
Larry and Donna Blus, Portland, OR
Harold and Gloria Werth, Corvallis, OR
Lew and Dona Williams, Corvallis, OR

August 2009
Keith and Bekki Levien
In Memory of Agnes Adix
Helen and Emery Hilderbrandt, Corvallis, OR
In Memory of John Swanson
Janet Farrell, Corvallis, OR
Janet and Neil Anderson, Sault Ste. Marie, MI
Marion Swanson, Corvallis, OR

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