Quick Facts
- In 2022 we celebrated the 50th Anniversary of the Foundation
- 2022 Annual Gift to Church of $62,124
- Announced $100,000 matching gift to support Boldly into the Future
- Cumulative gifts to the church total over $838,000
- Asset base of over $2M in 2022 (current value $1.8M)
Three percent of the foundation’s annual payout, in combination with the board’s investment strategy, ensures that our core endowment is growing to keep pace with inflation.
How it Works
The typical process for making a gift includes:
- Gifts and bequests are made to the Foundation
- The Foundation invests the funds in short-and long-term investment assets to grow the overall endowment base
- A portion of the Fund’s interest earnings are distributed to the church each year in April – typically 3% of the total assets
- The fund’s value grows in perpetuity, while providing a consistent income source for the Church each year
- The Foundation makes recommendations for the use of the funds; the church Vestry makes the decisions on how funds are disbursed, with a priority on special projects, mission opportunities, innovation not funded in the annual budget, debt reduction, and property improvement or one-time expenses
- The Foundation is a 501(c)3 registered in the State of Minnesota and files an annual 990 form
Where We Invest
Assets are invested 100% in mission-based funds and institutions:
Board Members
- Kat Campbell Johnson, President
- Mark Farnan, Vice President
- Paul Sundquist, Treasurer
- Sue Browender, Secretary
- Keith Bartz
- John Crippen
- Michael Lansing
- Carol Peterson
- Kathy Thurston
Mount Olive Lutheran Church Foundation Documents:
