# LCMS Convention Workbook_St. Louis Missouri_1981_S365 # Machine transcription, uncorrected — CHI Digital Archive (demonstration) 364 PROGRAM IMPLEMENTATION Exhibit B Trust Asset History The schedule below shows assets under irrevocable agree- ments managed for the ultimate benefit of the Synod and other organizations. The total of these assets could be reduced by the distribution of corpus during the term of the agreements or by the reduction in fair market value of the assets held prior to final distribution. FISCAL YEAR ENDED OL 3177 O1 31 78 01 31 79 o1 31 80 06 30 80 {5 months) Assets Annuity Fund ..................... § 2,778,300 $ 3,209,500 $ 3,521,800 $ 3,440,100 $ 3,557,000 Life Income Fund * ................ 5,588,600 8,112,100 12,337,200 17,118,600 19,756,000 Unrealized Gift Fund .............. 300,300 342,100 538,500 530,800 640,400 Endowment Fund ................. 1,231,800 1,450,800 1,762,800 2,050,200 2,044,900 __ Total .....0.00.....0 00000200200. $ 9,899,000 $13,114,500 $18,180,300 $23,139,700 $25,998,300 * In addition the Foundation held revocable trusts totaling $1,040,000, $1.116.000, $1,278,000, $1,838,000 and $2.598,000 for the above periods. The Foundation has been served by Dr. J. David Heino and the professional staff of counselors trained in various areas of law, investment, and financial expertise, as well as by staff persons reporting directly to various synodical colleges, auxil- iaries, and other related entities. Without the help of the latter the work of the Foundation would be far more difficult and fewer persons and synodical entities could be adequately served. For a number of years various synodical leaders have been discussing the concept of a single thrust for stewardship and financial support. Such a concept must be practical, supportive of the Synod and its congregations and institutions, and avoid confusing the people it desires to serve. Such an organization has been recommended as a new concept of challenging and motivating the stewardship responsibilities of the members of the Synod. Various consulting experts believe that a single, coordinated thrust can be far more effective than the uncoor- dinated individual efforts of various synodical entities that has been allowed to develop. The efforts and attendant results of Forward in Remembrance suggest that the financial under- girding for various programs of ministry is available and that the members of the Synod desire to practice wise Christian stewardship by returning to God a substantial portion of their accumulated material blessings. The Board of Trustees of the Foundation is confident that the visibility and good will which exists toward the Foundation throughout the Synod will permit, with God’s help, a continued report of excellent progress at future synodical conventions. We wish to take this opportunity to express our deep apprecia- tion and gratitude for the leadership and dedication of the trustees who have immediately preceded us. These are Mr. Vernon W. Bryant, deceased; Dr. Oliver Harms, deceased; Mr. Edwin O. Schiewe; Mr. Werner Stranghoener; Mr. Edward A. Engel; Mr. Richard A. Huegli; Mrs. Helen Rammler; Mrs. Bernice Ruprecht; Dr. Gustav C. Schramm; Dr. Edward H. Stammel; and Dr. Ernest J. Gallmeyer and Mr. W. P. Rucklos, honorary. The current trustees are Mr. Arvid Jouppi, Grosse Point, Mich., president; Mr. Rupert Dunklau, Fremont, Nebr., senior vice-president; Dr. Herbert Mueller, St. Louis, secretary; Mr. Harold Bernthal, Lake Forest, Il.; Mr. Roger Bettin, Atlantis, Fla.; Mr. Kenneth Guebert, St. Louis; Mr. William J. Harbeck, Lake Forest, Il].; Mr. Harlan G. Klotz, Palm Springs, Calif., Mr. Robert Long, North Fort Myers, Fla., Dr. J. A. O. Preus, St. Louis; Dr. Norman D. Sell, St. Louis, treasurer. Arvid Jouppi, President 12-05 To Implement Percentage-Giving Program WHEREAS, The Lutheran Church—Missouri Synod adopted in the 1977 Dallas convention Res. 13-01, directing the Board of Stewardship to implement an ongoing churchwide Kingdom awareness program “through the Scripturally based ‘First Fruits—Percentage Giving’ principle beginning with the communicant members of our congregations in their giving, followed by the congregation itself, the respective Districts, and finally the Synod in their apportioning of the offering received”; and WHEREAS, Almost four years have elapsed since the adop- tion of said resolution and no such program has been imple- mented by the Board of Stewardship; and WHEREAS, The spiritual needs of the communicant members, the congregations, the Districts and the Synod for such program are still necessary; and WHEREAS, The financial needs of the congregations, the Districts, and the Synod are still great if we are to carry out the work of our Lord; therefore be it Resolved, That the Synod direct the Board of Stewardship to prepare and implement such a program forthwith and without further delay or dilatory action or in the alternative authorize and direct the President of the Synod to appoint a special task force to implement such a program. Trinity Lutheran Church Arapahoe, Nebr. Lorris Haarberg, Chairman William Fitzke, Secretary 12-06 To Balance Budget WHEREAS, The Lutheran Church—Missouri Synod has been operating with a budget deficit for a number of years, thus confusing and jeopardizing our total ministry in Christ’s kingdom; and WHEREAS, The congregations which willingly comprise The Lutheran Church—Missouri Synod are not allowed the luxury of operating with deficit budgets but must operate within the proper boundaries of a balanced budget; therefore, be it Resolved, That The Lutheran Church—Missouri Synod conduct its fiscal operation in such a manner that expenditures do not exceed income. Peace Lutheran Church New Berlin, Wis. Carston Koeller, President Martin Bangert, Pastor Sharon Busche, Secretary 12-07 To Refer Certain Stewardship Proposals to the Board of Directors WHEREAS, The Board of Stewardship has made the following proposals to the 1981 convention: Recommendation 3—To Provide Professional Stewardship Leadership on District Levels Recommendation 6—Speakers Corps