Faith Lutheran Endownment Fund
The Faith Lutheran Church Endowment Fund was created in 1988 with a $3,000 gift from the memorial fund.
The fund grew slowly initially with total value reaching $20,000 in 1994. The fund exceeded $200,000 for the first time in 2007. As shown on this chart total value was reduced to $183,205 as of 12/31/09 due to the downturn in the financial markets.
Contributions to Faith Lutheran Church Endowment Fund are indeed "Gifts that keep giving" year after year. Contributions can be made in a number of ways including:
- Wills and Living Trusts
- Life insurance
- Charitable Gift Annuities
St. John/St. Paul Endowment Fund
Grant requests are accepted through May 1st - July 1st of each calendar year.
SJ/SP Endowment Fund grants may be applied towards projects of any faith-based organization affiliated with the ELCA Northeastern Ohio Synod that introduce people to God's grace and to God's healing and helping presence.
In order to be eligible for SJ/SP Endowment Fund money, grant requests should fulfill one or more of the following uses:
- Provide seed money for new outreach activities, programs, and/or ministries.
- Support existing outreach programs which have not yet become self-supporting.
- Support programs specifically designed to reach people who are not currently being served by the grant applicant.
- Provide education and/or training for congregation members or staff consistent with the Endowment Fund's outreach mission.
The SJ/SP Endowment Fund was established in 1992 in order to preserve and widen the ministry and outreach efforts of the former congregation of St. John/St. Paul Evangelical Lutheran Church. The Fund is a separate IRS recognized, charitable organization, and its legacy continues at Faith Lutheran Church. Increased by proceeds from the sale of the St. John/St. Paul Church property, assets in the SJ/SP Endowment Fund now exceed a million dollars, with permitted distributions in the range of $40,000 annually.
The SJ/SP Endowment Fund may be just the catalyst necessary to convert your idea into action. Last year’s recipients included Lutheran Campus Ministries of Kent, Oasis’s Healing House project and Faith Lutheran Church’s Outreach Needs Assessment. Current members of the SJ/SP Endowment Fund (available for your questions) include: Linda Reyes, Linda Lewis, Terry Vernon, Mark Watkins, Heather Popio, Art Kaufman, and Pastor Jean Hansen.
To apply or for more information, please contact any Committee member, the Faith Lutheran Church office, or email Mark Watkins at firstname.lastname@example.org. Don’t delay—July 1st will be here before you know it.