LCMS Convention Workbook St. Louis, Missouri — 1981, Page 364

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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