# LCMS Convention Proceedings_St. Louis Missouri_1953_S502
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

502 — FINANCIAL MATTERS

Board of Support and Pensions? Large bequests of this na
been received not only by other church Pension Funds;
by our Synod in the support of various educational : ong
endeavors. We wish to encourage our members to mak,

of this nature in behalf of our Pension Fund out of gratify
the Lord. and in appreciation of the services render
faithful teachers and pastors throughout Synod.

69. Permit us to remind all members in Synod that’
made to this cause are not taxable. Furthermore, the p
of deductible income in the form of donations to ch
organized charitable causes has been increased from 15% %q
Thus your gifts in behalf of our veterans of the Cross may:h
as deductions from your income in making your income

70. Another method devised by Synod and used by of
is that of annuity gifts to the Pension Fund, from which tk
receives an annuity the remaining years of his life with
standing that any unexpended portion of his gift flows int
nent Pension reserve, the earnings of which provide ‘a
Pension benefits to our pensioners. We shall be happy
questions regarding such annuities and upon your requ
supply you with the annuity rates.

71. Our Board has prepared memorial-wreath cards w
pastors and teachers have made available to members of 6
gregations and which may be used in bestowing gifts for th
of Support and Pensions current treasury or preferably
Pension Contingent Fund. Our income from this source
large. A total of $412 was received by our office during
year as memorial-wreath gifts from numerous donors.
memorial gifts were made through the District Treasur
to Synod’s Treasurer, and thus we have no office record of su¢

72. Because you realize how important ‘it is that we%
the veterans of the Cross and for their dependents, therefd
feel certain that our cause is being taken regularly to the: :
of Grace in prayer. We plead with you for your continu
cessions and support and pray that also in the future the
enable us to be of service to those servants of the Word
longer are able to continue in the active teaching or pr

ministry.

73.. Your Board has discussed the possibility or advisal
requesting Congress to include our ministers of religio:
those who may participate in Social Security taxation and ‘t
We have studied the implications of such coverage and hay
counsel with our actuary, Dr. G. W. Huggins, but as yet we,