LCMS Convention Workbook St. Louis, Missouri — 1981, Sheet 372

Transcription machine transcription, uncorrected

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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.