MLHS Endowment Fund
After several months of research and review the Endowment Committee presented the MLHS Endowment Fund Policy Manual and By-laws to the Board of Directors who approved the documents on January 26th, 2010. Endowment Committee members were: Chuck Groth, Bruce Geistfeld, Larry Bremer, Dan Gahler, Principal Robert Patrick and Marge Thiesse, Director of Development. In June of 2010 funds from various accounts were consolidated into the MLHS Endowment Fund. Currently there is $60,143 invested with the LCMS Foundation.
“The purpose of the Endowment Fund is to provide a place for people to place their large estate and planned gifts. These gifts will perpetually benefit the MLHS Ministry. They will be handled with confidentiality and used to further God’s kingdom. ”
The MLHS Endowment Fund is:
* An integral part of MLHS ministry beyond the annual
operating budget.
* A place for those who believe in Lutheran education to give
large planned gifts and bequests.
* A tool to assure that Lutheran secondary education will be
here in our community for the benefit of future
generations.
* A legacy opportunity which supports the Lord’s ministry at
MLHS beyond your lifetime.
* A public opportunity to leave a final expression of your faith.
God has richly blessed His people. We live in affluent society that enjoys an incredible amount of prosperity. Prov. 3:9-10 says, “Honor the Lord with your wealth, with the first fruits of your crops; overflowing, and your vats will brim over with new wine.”
If Lutherans do not provide for the future of God’s Ministries, who will? God has provided us with opportunities to plan our gifts that will be a blessing to our families and His ministries.
It is up to us to use all He has entrusted us with to His glory.
The purpose of the Endowment Fund is to provide a place for people to place their large estate and planned gifts. These gifts will perpetually benefit the MLHS Ministry. They will be handled with confidentiality and used to further God’s kingdom.
Donors are encouraged to continue giving their annual gifts and memorials which supply the funding for the day-to-day operations of the MLHS Ministry.
The Endowment Fund will be managed by the Endowment Committee with Board of Directors acting as overseers. Annual reports will be given to the Delegate Assembly. Income interest will be dispersed annually to the funds to which they apply.
Donors are encouraged to include MLHS in their planned giving. Gifts in the form of Cash, Stocks and Bonds (Securities), Life Insurance and Annuities, Retirement Plans, Items of Property, Real Estate or Bequests from Trusts and Wills will be accepted.
All undesignated gifts and bequests shall go into the Unrestricted Fund. Fund uses include mission and ministry projects and programs approved by the Endowment Committee.
Restricted fund categories within the Endowment Fund are:
1. Religion
2. Student Tuition Aid
3. Building Maintenance & Improvement
4. Curriculum
5. Technology
6. Athletics
7. Fine Arts
8. Faculty Enrichment
9. Marketing Martin Luther High School
Donors may give to a “Named Fund” which is part of a restricted fund category that carries the name designated by the donor. The Named Fund category requires a minimum contribution of $25,000.
The Donor Restricted Funds category shall require a $25,000 minimum contribution. The donor defines how the gift is to be used, how interest/earnings and principal are to be distributed and over what time period the distributions are to take place.
Acceptance of requests by donors to make a contribution to a new unlisted category shall require an affirmative vote of two-thirds of the members of the Endowment Fund Committee and approval by the Board of Directors and shall be in an amount not less than $1,000.
