GRACE LUTHERAN CHURCH FOUNDATION NEWS Caring for the Ministry of Grace: "Ecclesia Perpetua" March 2022
Board of Directors Carolyn Warloe President Shelly Lundahl Treasurer Hal Dick Secretary Michael Beachley Director Mary Ann Brenan Director Kris Saathoff Director Patrick Schroeder Director Jeff Beck Ex officio Pastor Dorthy Nielsen Ex officio Joy Linn Administrative Asst. The Grace Lutheran Church Foundation is a professionally managed corporate nonprofit foundation established by Grace Evangelical Lutheran Church, Corvallis, Oregon.
	Why the Foundation Doesn't Accept Some Donations By Carolyn Warloe and Hal Dick
	In late 2021, the Foundation received two donations it was unable to accept, so now seems like a good time to explain how the Foundation operates and why it can't always accept gifts. Money given to the Foundation is placed in one of the Foundation's funds. Donors can tell the Foundation in general terms how they would like their gifts to be used by asking the Foundation to place their gifts in an existing fund with a coinciding purpose. If you want to support the purchase of music for the choir, you would ask to have your gift placed in the Kuehn Fund. However, if you donate to this fund, money is not disbursed until a request is received and approved for a specific project. To facilitate using gifts in the manner donors wish, the Foundation has established a variety of funds with stated purposes. Most of the named funds result from a donor giving the Foundation a minimum donation of $10,000, with suggested instructions about how to use the funds. The Schultz Family Youth Fund is a result of one of these gifts. Edna Schultz requested that her donation be used for Grace's youth. Anyone wishing to support the youth of Grace may donate to the Foundation and ask to have their gift added to the Schultz Fund. We have 13 named funds for various purposes that can be added to by anyone who wishes to support their purpose. A list of these funds and their purposes is available on the Foundation website. The first recent potential donation that was not accepted was because there was no existing fund for the donor's intended purpose. The Foundation Board determined that a donation that was designated to support church maintenance should be redirected to the Church's property fund. That was accomplished with the donor's approval. The second unacceptable gift was a memorial donation where the donor wanted the gift to go to another specific nonprofit. The Foundation is unable to forward donations. The Foundation maintains both endowed and non-endowed funds and disperses available funds in the manner the donors requested. If you have questions about how to donate or request funds, check out the Foundation website.

Grace Lutheran Church Foundation Financial Report January 1 - September 30, 2021 Contributions Foundation Total Assets * Expenses $1,550.00 $758,975.61 $12,145.66 January 1 - December 31, 2021 Contributions Foundation Total Assets * Expenses $2,700.00 $784,114.23 $15,972.31 Projects Approved, Pending, and Paid MIF4KIDZ Baptism "donations" for     children under age 16, $50 each Nativity scene decorations     Schultz Family Youth Fund Luther House support Grace Center support Sanctuary projectors Audio Tech and Visual Production     position, 3 year support.     $13,000, $8,710, $4,290. $200.00 $1,000.00 $3,000.00 $3,000.00 $2,844.85 $26,000.00 Memorial Funds H. Werth memorial sculpture     H. Werth memorials $2,569.58       Total Projects $38,614.43   * The Foundation's total assets on January 1, 2021, were $713,534.58. The Board of Directors acknowledges the generosity of the following donors: June 2021 In Memory of Van Volk Roger and Karen Wrase, Rochester, MN Judith Winkler, Corvallis, OR In Memory of Orano Grindahl Judith Winkler, Corvallis, OR July 2021 In Memory of Carl Grosz Judith Winkler, Corvallis, OR

The Board of Directors acknowledges the generosity of the following donors: August 2021 In Memory of Darlene Leklem Gordon and Mary Ann Matzke, Corvallis, OR Millie Babb, Corvallis, OR Bill and Nancy Strohlein, Albany, OR In Memory of Carl Grosz Bill Strohlein, Albany, OR Gordon and Mary Ann Matzke, Corvallis, OR Millie Babb, Corvallis, OR James and Nancy Hemming, Corvallis, OR Casper College Foundation, Casper, WY September 2021 In Memory of Darlene Leklem Judy and Sally Winkler, Corvallis, OR In Memory of Orano Grindahl Hal Dick, Corvallis, OR In Memory of Richard Kuehn Hal Dick, Corvallis, OR October 2021 Keith and Rebecca Levien, Corvallis, OR In Memory of Darlene Leklem Wanda Parrott, Corvallis, OR November 2021 In Memory of Darlene Leklem Ron and Kay Larson, Corvallis, OR In Memory of Carl Grosz Ron and Kay Larson, Corvallis, OR In Memory of Renee Stock Ron and Kay Larson, Corvallis, OR December 2021 In Memory of Ruth Alexander Diane Alexander, Arlington, VA William and Diane Alexander, Concord, CA In Memory of Cy Stadsvold Hal Dick, Corvallis, OR William and Nancy Strohlein, Corvallis, OR In Memory of Eldon Erickson David and Laura Metzger, Salem, OR