GRACE LUTHERAN CHURCH FOUNDATION NEWS Caring for the Ministry of Grace: "Ecclesia Perpetua" August 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.
	10 Steps to Help Surviving Loved Ones
	Individuals can ease the burden on tomorrow's survivor(s) by discussing key financial matters today. Here are steps to get your affairs in order. Gather financial papers. Store deeds, passports, insurance policies, estate documents, and the latest statements from financial accounts in a fireproof box at home, where survivors can easily find them. Make a "must call" list. Compile contact information for your accountant, lawyer, and other financial professionals who need to be contacted when a you or another other family dies. Share passwords. Keep a master list of all usernames and passwords so your survivors can still have access after your death. Update beneficiaries. Make sure beneficiary designations for your pension, 401(k), IRA, brokerage accounts, and life insurance proceeds still reflect your wishes. Check credit cards. Ensure they are jointly owned. In most states, when a spouse dies, the surviving spouse won't be responsible for any debt on a card that's not in their name. But they also won't be able to use it, and will have to reapply for credit in their own name. Set up advance directives. You will need health care power of attorney to designate the person you want to make medical decisions on your behalf if you are incapacitated. You'll also need a living will that spells out what measures you want the doctor to take to prolong your life. Designate a money person. You will need a financial power of attorney so you can name a trusted person to make money decisions for you if you're unable to do so. Continued on next page.

Grace Lutheran Church Foundation Financial Report January 1 - March 31, 2022 Contributions Foundation Total Assets * Expenses $75.00 $742,059.93 $3,106.05 January 1 - June 30, 2022 Contributions Foundation Total Assets * Expenses $1,724.37 $670,007.66 $8,025.08 Projects Approved and Paid in 2022 Grace Center Endowment distribution Audio Tech and Visual Production     position, 3 year support.     $13,000, $8,710, $4,290.     (Approved in 2021) "All Creation Sings" hymnals     (anonymous donation) $2,641.62 $885.00 $1,817.99 Total Projects $5,344.61   * The Foundation's total assets on January 1, 2022, were $785,104.24.

10 Steps to Help Surviving Loved Ones Continued from previous page. Review wills and trusts. Do this every few years or when there's a significant change in your life, such as a sizable increase or decrease in your finances. If you don’t have a will, get one. Discuss funeral plans. This can save thousands of dollars by letting surviving family - who may need the money - know it's OK not to choose the most expensive funeral. Learn how bills are paid. Keep a list of how bills are paid so the survivor doesn't miss a payment or overdraw an account. Adapted from "10 Steps to Help Protect a Spouse" by Leslie Milk, published in AARP Bulletin, October 2018.

The Board of Directors acknowledges the generosity of the following donors: December 2021 Cathy Mueller, Corvallis, OR In Memory of Ruth Alexander Diane Alexander, Arlington, VA William and Diane Alexander, Concord, CA In Memory of Eldon Erickson David and Laura Metzger, Salem, OR In Memory of Cy Stadsvold Hal Dick, Corvallis, OR Bill and Nancy Strohlein, Albany, OR January 2022 In Memory of Cy Stadsvold Lawrence and Sharon Rosenkoetter, Corvallis, OR In Memory of Emery Hildebrandt Lawrence and Sharon Rosenkoetter, Corvallis, OR In Memory of Carl Grosz Lawrence and Sharon Rosenkoetter, Corvallis, OR March 2022 Juan Guzman, Corvallis, OR May 2022 Lee Strandberg, Corvallis, OR