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EGLC Foundation
• Established 30 years ago
• To provide . . .
– A way for congregation members to share their
gifts; and
–...
EGLC Foundation
Many ways and potential occasions in which to
make gifts:
Memorials
Birthdays and anniversaries
Special...
EGLC Foundation
• Foundation has arranged for confidential,
professional counselors to help you decide
what is best for yo...
EGLC Foundation
Three Types of Funds
1. Living Endowment Fund
2. Capital Fund
3. Specified Fund
EGLC Foundation
1. Living Endowment Funds
 Major gifts or bequests
 Donor chooses which ministries to support
 Only fun...
1. EGLC Foundation Living
Endowments
• Teachers’ Personal Growth Fund
 Established with initial donation of $13,006 in
19...
1. EGLC Foundation Living
Endowments
• Pre-Seminary / Seminary (Bartelt/Egloff) Fund
 Initially established with gifts in...
1. EGLC Foundation Living
Endowments
• Commissioned Minister (Nieting) Fund
 Initially established with gifts in honor of...
1. EGLC Foundation Living
Endowments
• R & MD Fund
 Established in 1979 with gifts from Robert &
Marion Dopke . . .
 To ...
1. EGLC Foundation Living
Endowments
• Osterkamp Estate Fund & Iattoni Estate Fund
 Established to provide support to var...
EGLC Foundation
2. Capital Fund
 Both principal and interest accumulate along with new
gifts until enough money is availa...
3. EGLC Foundation Specified Funds
• Funds may be designated for specific used by
the donor(s).
• May have extended life t...
3. EGLC Foundation Specified Funds
 Church Undesignated
 Distributed by the pastor(s)
 Reported to Board of Directors
...
3. EGLC Foundation Specified Funds
 Clergy Education
 Board of Directors has authority to disburse; coordinated
with EGL...
3. EGLC Foundation Specified Funds
 Young Adult Ministry
 Board of Elders proposes funding to Foundation.
 Library
 Re...
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EGLC Web Power Point

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Explains Elm Grove Lutheran Foundation

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EGLC Web Power Point

  1. 1. EGLC Foundation • Established 30 years ago • To provide . . . – A way for congregation members to share their gifts; and – A way for donors to designate a particular ministry to support.
  2. 2. EGLC Foundation Many ways and potential occasions in which to make gifts: Memorials Birthdays and anniversaries Special events Gifts of property Real estate Stocks, bonds, mutual funds Insurance policies Income-producing property in trust
  3. 3. EGLC Foundation • Foundation has arranged for confidential, professional counselors to help you decide what is best for you. • Services are available at no charge and without obligation.
  4. 4. EGLC Foundation Three Types of Funds 1. Living Endowment Fund 2. Capital Fund 3. Specified Fund
  5. 5. EGLC Foundation 1. Living Endowment Funds  Major gifts or bequests  Donor chooses which ministries to support  Only fund income can be allocated  Original principal cannot be used or distributed!
  6. 6. 1. EGLC Foundation Living Endowments • Teachers’ Personal Growth Fund  Established with initial donation of $13,006 in 1998 . . .  To provide funding source for professional teachers pursuing a colloquy into LCMS; and  To provide funding for professionally rostered commissioned ministers to pursue an advanced degree.  Only income may be disbursed; therefore, additional gifts are encouraged to provide larger grants to workers.
  7. 7. 1. EGLC Foundation Living Endowments • Pre-Seminary / Seminary (Bartelt/Egloff) Fund  Initially established with gifts in honor of the Rev. Victor A. Bartelt. Fund name later changed to include the Rev. Carl J. Egloff.  To provide financial support for men in training to be ordained LCMS pastors.  Only income is disbursed; therefore, additional gifts are encouraged to provide large grants to students.
  8. 8. 1. EGLC Foundation Living Endowments • Commissioned Minister (Nieting) Fund  Initially established with gifts in honor of former Principal Robert E. Nieting . . .  To provide financial support to individuals in training to be a commissioned LCMS minister of religion.  Only earnings may be disbursed; therefore, additional gifts are encouraged to enable larger grants to students.
  9. 9. 1. EGLC Foundation Living Endowments • R & MD Fund  Established in 1979 with gifts from Robert & Marion Dopke . . .  To provide support to various charitable caused (identified by the fund founders).  Distribution:  1/3 to Lutheran Special Schools  1/3 to Pre-Seminary/Seminary Fund  1/6 & 1/6 to Church/School Undesignated Funds  Only earnings may be distributed.
  10. 10. 1. EGLC Foundation Living Endowments • Osterkamp Estate Fund & Iattoni Estate Fund  Established to provide support to various charitable causes of Christ’s Church.  Distribution:  1/3 to mission outreach of LCMS  1/3 to mission outreach of LCMS South Wisconsin District  1/3 to educational ministries
  11. 11. EGLC Foundation 2. Capital Fund  Both principal and interest accumulate along with new gifts until enough money is available to fund the capital project.  Both principal and interest may be distributed from the fund.  No special use has been designated.  Assets may be used for building programs, remodeling projects, & major equipment (resulting in something “capital” rather than an ongoing expense).  Donors may stipulate gifts to specific project(s) or simply specify “Capital Fund.”  Only fund income (not capital) can be distributed!
  12. 12. 3. EGLC Foundation Specified Funds • Funds may be designated for specific used by the donor(s). • May have extended life through continued donor gifts. • Both principal and interest/earnings may be distributed.
  13. 13. 3. EGLC Foundation Specified Funds  Church Undesignated  Distributed by the pastor(s)  Reported to Board of Directors  School Undesignated  Distributed by the pastor(s)  Reported to Board of Directors  Estate Funds  Board of Directors has authority to disburse
  14. 14. 3. EGLC Foundation Specified Funds  Clergy Education  Board of Directors has authority to disburse; coordinated with EGLC Board of Elders  Foundation Publicity  Board of Directors has authority to disburse  Music Department  Board of Directors and EGLC Board of Christian Education have authority to disburse  Tuition Assistance  EGLS Principal makes requests to Board of Directors
  15. 15. 3. EGLC Foundation Specified Funds  Young Adult Ministry  Board of Elders proposes funding to Foundation.  Library  Restricted fund; controlled by Friendship Library Committee.  Professional Church Worker Housing Assistance  Second mortgage to assist in purchase of primary residence.  Cannot exceed five (5) years without review or formal renewal.  Foundation Loans  Both to EGLC and sister congregations for capital projects or new church programs.

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