# LCMS Convention Workbook_St. Louis Missouri_1981_S364 # Machine transcription, uncorrected — CHI Digital Archive (demonstration) PROGRAM IMPLEMENTATION 363 The following calendar of activities is proposed for each year of the master plan. As the process is refined, some dates may be changed while others are added or deleted. By Sept. 30: North American Mission executives, Synod and District, have agreed on the new missions to be opened in North America during the coming detailed synodical fiscal year, July 1—June 30. (E.g., by Sept. 30, 1981, decisions are made for the fiscal year, July 1, 1982,—June 20, 1983). They have projected new missions for the following 3-year and 6-year synodical planning periods, rounding out the 10-year plan. (The projected new missions are annually reviewed.) By Sept. 30: The respective planning units of the Synod—(1) Missions, (2) Parish Services, (3) Higher Education, (4) Communications, (5) Program Administration, Finance, and Support Services, (6) Ecclesiastical Administration—have reviewed the 10-year master plan of priorities and have proposed revised goals for the coming synodical fiscal year and the following 3-year synodical planning periods. By Nov. 30: The Synoq’s coordinating and planning group has received the necessary data from the planning groups and has proposed to the Synod’s Board of Directors through the Council of Administrators a detailed spending budget for the next synodical fiscal year together with a proposed work program for the following three years and a statement of anticipated needs and goals for the six years after that. By Feb. 1: Teams of the Synod leaders have visited with teams of leaders in each District and have agreed on Synod/ District priorities and the percentage of the District’s offerings to be given to the Synod for the coming synodical fiscal year. By Feb. 15: The Districts have confirmed to the Synod their commitment for the coming synodical fiscal year and esti- mated resources available for District and Synod ministries for the following three- and six-year synodical planning periods. By April 15: The Board of Directors has made adjustments as necessary and has notified boards and commissions of those adjustments. The Board of Directors has reported the synodical budget for the coming fiscal year to the members of the Synod. By May 15: The Board of Directors has responded to any appeal a board, commission, or District may have made questioning the priorities and allocations of funds in the budget for the coming synodical fiscal year. Executive Planning Group Victor A. Constien, Secretary Wilbert E. Griesse Ervin R. Lemke George H. Mohr Glenn O’Shoney Richard L. Schlecht, Chairman John P. Schuelke Edward S. Scott Edward A. Westcott Jr. John P. O’Hara, Staff 12-04 Report of The Lutheran Church— Missouri Synod Foundation The Lutheran Church—Missouri Synod Foundation is priv- ileged to report that a gracious and merciful God has led people to utilize the services of the Foundation in unprecedented ways. This “success” of the past also encompasses forecasts and anticipations for the future by the Foundation’s leaders, its Board of Trustess. The Board of Trustees has been carefully chosen by the Directors of the Synod from a large number of eminently qualified individuals who are currently, or have been, leaders in business and industry and who after exemplary careers of service have volunteered their gifts of work, wealth, and wisdom in service to the Synod for the kingdom of Jesus Christ. December 1980 saw numerous changes in the membership of the board when trustees who had faithfully served, most for 12 years or more, were replaced by the members of the Foundation under a new limit of 12 years of service. Two clergy positions on the Board of Trustees changed as a result of the death of one of the pastors and serious illness of another. It is the prayer of all that the talent and wisdom which advanced the Foundation in recent years will, under the blessings of God, continue into the future. The LCMS Foundation has been a successful stewardship effort and is recognized as having great potential for future growth and success. The Foundation’s financial activity is divided into the following funds: Annuity Fund receives annuity gifts and makes the required payments to donors. The annuitants’ balances are credited with earnings ata fixed rate of return on the account balances. The difference between the actual earnings of the annuity fund and the amounts added to the annuitants’ balances is trans- ferred to the General Fund. At the death of the annuitant, one-half of the original principal is transferred to the General Fund for distribution. Life Income Fund receives gifts of cash, securities, and real estate where the income earned is to be paid to the donor or his designee. At the death of the income beneficiary(ies), the principal and any undistributed income is disbursed in accord- ance with the agreement. Unrealized Gift Fund receives gifts which are held until they can be converted to cash for distribution as designated or undesignated gifts. Endowment Fund receives gifts wherein principal cannot be disbursed. Income is distributed in accordance with the terms of the agreement. General Fund receives and disburses designated and undes- ignated gifts and pays operating expenses of the Foundation. The Foundation has advanced in size as identified in the following exhibits: Exhibit A History of Deferred and Direct Gifts Received for Fiscal Years Ended O1 31 77 01 31 78 01 31 79 01 31 80 06 30 80 (5 months) Deferred Gifts * Gift Annuity Fund ................. $ 248,600 $ 855,589 $ 515,670 $ 160,850 $ 153,293 Life Income Fund .................. 3,122,144 2,694,701 4,221,484 5,091,696 3,549,726 Endowment Fund ................. 35,953 220,365 320,357 251,827 17,195 Total 2.0.0... cece ee eee * $3,406,697 * $3,770,655 * $5,057,511 * $5,504,373 * $3,720,214 Direct Gifts General Fund ..................... $ 134,168 $ 140,613 $ 418,348 $ 355,279 $ 24,948 Unrealized Gifts ................... — 79,720 280,265 8,587 91,486 Total .............. 00.02 e eee $ 134,168 $ 220,333 $ 698,613 $ 363,866 $ 116,434 Total All Gifts ............... $3,540,865 $3,990,988 $5,756,124 $5,868,239 $3,836,648 * NOTE: Managed for the ultimate benefit of the Synod, its Districts, institutions, congregations, related agencies, and other organizations.