First Lutheran Church of Venice
First Lutheran Church Endowment Fund
Endowment fund overview
The purpose of the endowment fund is to further the growth and
mission of our church by providing long-term funding of important
ministries. Every year, about 4.5% of the endowment fund will be
spent on selected ministries. We expect that this percentage will
preserve the principal of the endowment in inflation-adjusted dollars
over time so that the Endowment Fund can continue to bear fruit for
many many years to come.
When you give to the Endowment Fund, you can specify which
ministry you want to support, or you can make an unrestricted gift,
the fruits of which will be used where most needed each year.
There are several different types of endowment gifts that you can make to support
our church and school's ministries.
- Mission & Evangelism
Support community, district, synodical, or world missions.
Examples: sponsor a missionary, overseas mission project,
community outreach, district church planting.
- Help for People in Need
Assist people within our church and our community who have
unmet physical, emotional or spiritual needs.
Examples: food, temporary housing, counseling.
- Tuition Aid for Students at our School
Grant school families financial aid so that their children
can attend First Lutheran School of Venice.
- Equipment and Enrichment Programs for our School
Examples: Purchase classroom equipment, support school
enrichment programs like extra-curricular art
and music classes, improve school facilities
at First Lutheran School of Venice.
- School Staff Support
Support the salaries of the school staff, allowing the church to provide
adequate salaries while keeping tuition affordable to the families in
(a) for students going into full-time church work as pastors,
teachers, or directors of Christian education
(b) for members of our church attending a Christian high school
or a Lutheran college.
- Christian Education
Support education programs at our church and in our community.
Examples: vacation Bible study, Sunday school, confirmation,
- Youth Program
Examples: youth retreats, national youth gatherings subsidies,
- Church Music and Worship
(a) Church Music
Examples: choir music, organ and piano maintenance, special music programs.
(b) Special Worship programs
Examples: Renaissance, Lenten, Easter, Advent, Christmas services, worship aides.
Maintain and upgrade electronic or other technical equipment.
Examples: sound system and projection screen system in the sanctuary;
maintenance and upgrades of office machines and computers
(both hardware and software) for effective office support
of our ministries.
- Building Fund
(a) Improve and repair church facilities
Examples: painting, remodeling, new furnaces, landscaping
(b) Property acquisition and new construction.
- Housing Fund
Support church and school staff with loans to help them with the expenses
of buying a home. The church could also use the money from this fund
to acquire partial or full equity in a home for use of staff members
The Endowment Committee works out
proposals to the Voters' Assembly on which programs to support and also
promotes and administers the fund. It recently also took a lead on working
out recommendations regarding housing support for staff members.
The following church members currently serve on the Endowment Committee:
Heike Macklin; and ex-officio
Pastor Richard Paul,
Jim Edwards (Congr. Pres.),
Pam Barnett (Treasurer),
Dave Rusch (Principal).
Please don't hesitate to ask these fellow church members if you have any
questions or ideas regarding the Endowment Fund.
version of this page from 2002 reflects in more detail on issues regarding
the process of setting up the Endowment Fund.
- The Endowment Fund By-Laws describe
the purpose of the fund, the composition and duties of the Endowment Fund Committee,
types of gift accepted as well as endowment distribution procedures.
Download the main section of the by-laws (7 pages, without appendices) in
- The Endowment Fund Categories are an appendix to
the Endowment Fund By-Laws and describe the different categories to which restricted
donations can be made.
Download Endowment Fund Categories (1 page) in
- The Endowment Distribution Policy is
another appendix to the Endowment Fund By-Laws and describes
how much of the endowment fund is distributed to designated endowment projects every year.
Download full Endowment Distribution Policy (10 pages including appendices) in
postscript format. Download endowment distribution program as listed in Appendix C of the policy.
- Our church's Investment Policy
is applicable to both the Endowment Fund as well the Church's general funds.
Download full Investment Policy (2 pages) in