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12819 - 160th Avenue SE Renton, Washington 98059 (425) 226-2871

Lord of Life Lutheran Church Mission Endowment Fund                                           Get Adobe Reader for .pdf files - free from Adobe
                                                                                                                                      

The Purpose and Nature of the Fund 

            The purpose of the Lord of Life Lutheran Church Mission Endowment Fund (hereinafter referred to as the Endowment Fund) is to provide an option to support and further the mission and ministry of Lord of Life Lutheran Church, Renton, Washington. Funds received by the Endowment Fund shall be kept separate from other funds of Lord of Life Lutheran Church. The Endowment Fund shall emphasize the creation and support of mission programs and projects of this congregation and the church at large locally, regionally, nationally, and internationally that would not be feasible utilizing regular stewardship, benevolence, social ministry and evangelism programs of the congregation.

        The Endowment Fund will serve as a repository to receive financial gifts for lasting stewardship.  Assets given to the Endowment Fund shall be a permanent endowment that will grow over time, and shall be invested and administered in a fiscally prudent manner pursuant to a regularly reviewed and updated investment policy statement. Each January 1 the Endowment Fund shall be revalued and no less than 4% and not more than 6% of the total fund may be distributed during the calendar year. The distributions from the Endowment Fund shall be to support the following mission and ministry activities:   

  • 30% to overall mission support for the ministries of Lord of Life Lutheran Church including creating new and expanded ministries, extraordinary programs, scholarships, and outreach to agencies and institutions within the borders of the Northwest Washington Synod;

  • 20% to the work of the church through statewide, national and global outreach;

  • 20% to build a capital account for buildings, grounds and long-range capital improvements of Lord of Life

  • 30% to be distributed within any of the above categories, and to achieve a specific designation as desired by the donor and approved by the committee.

Endowment Fund Policies and Procedures

Definition of Terms

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