# LCMS Convention Proceedings_St. Louis Missouri_1941_S858
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

3858 Financial Matters:

K. ANNUITY ENDOWMENTS

New Interest Paid to Contracts .
Annuities Earned Annultants Expired
Year 1985 ow $ 5,700.00 $2,433.29 $4,959.83 $ 988.20 °
Year 1936 _ _ 2,000.00 2,291.94 4,838.45 6,429.07-
Year 1937 _. 30,176.00 2,086.51 4,512.28 7,687.43
Year 1938 41,943.38 2,527.79 6,500.88 6,783.19
Year 1939 _ 14,000.00 3,076.71 7,736.15 2,911.09 -
Year 1940 40,954.00 3,650.28 8,890.36 675.01. .
Totals ow. $134,773.38 $16,066.52 $37,437.95 $25,473.99
_ , RECAPITULATION
Balance, January 31,1935 .. $ 74,642.26

New annuities, 1935 to 1940 _
Interest earned, 1935 to 1940

134,773.38
16,066.52

: $225,482.16. #4
Less: Paid to annuitants 0 $37,437.95 :
"Contracts expired 25,473.99
i 62,911.94
Balance, January 31,191 000 $162,570.22

L. PERMANENT SUPPORT FUND
Contributions Interest Earned

Additions to Fund: Year 1935 $7,451.52 $5,600.44
* Year 1986 20 _ a 8,403.12 5,862.01
Year 1937 . 8,673.27 6,151.80
Year 1938 _ 8,482.79 4,917.66
Year 1939 | —_ 6,520.58 5,102.55
Year 1940 4,665.63 5,280.74
Totals occ eee $44,196.91 $32,915.20
‘ RECAPITULATION .
Balance, January 31,1935 0 .. $170,226.40
Total contributions, 1935 to 1940 __ - 44,196.91.
Total interest earned, 1935 to 1940 32,915.20
oo $247,338.51
Less: Earnings paid to Board of Support 20 32,915.20
Balance, January 31, 194d $214,423.31 :
" M. LEGACIES

During the last three years Synod received a total of $275,031.15 as
new legacies, bequests, endowments, and the like. This total compares
very favorably with the $152,177.52 received in the previous triennium.,
The receipts fall in the following classifications, which are here
briefly defined.

. A. First of all, there are LEGACIES, which according to our office
arlance are sums willed to Synod by its members, the testator speci-
fying that the amount willed to Synod should be profitably invested .

Quite frequently the testator designates the ultimate synodical purpose
‘to which these earnings should be put. Of late, however, Synod has
been receiving a gratifying number of legacies in which the testator
merely named the Synod as beneficiary, without further stipulation,
leaving it to Synod’s Board of Directors to designate annually the
purpose of such earnings.