Church & School Endowment Update as of 7/31/2020
Total of all Endowments $1,584,779
Church Endowment $749,191 Managed by the Lutheran Foundation
These funds are used to support major or special projects. Recent projects include the new Preschool entrance, new sound and video equipment for the gym, and lighting in the sanctuary. This past weekend, the voter’s approved new projectors for the church (currently using the ones from the gym) and improvements to our security system.
School Endowment $692,737 Managed by the Lutheran Foundation
These funds provide financial aid or technology support. Each year the Lutheran Foundation matches our contributions to the financial aid endowment up to $150 per student. Depending on enrollment, this match could amount to around $32,000. In addition to this match, they also grant an equal amount for helping us achieve excellence in education.
Preschool Endowment $142,852 Managed by the Fort Wayne Community Foundation
These funds provide financial aid.