LCMS Convention Proceedings St. Louis, Missouri — 1962, Sheet 205

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EXHIBITS 205

Exhibit B

‘he Lutheran Church — Missouri Synod Founaation

Nove: This financial statement of The Lutheran Church —
Missouri Synod Foundation is being printed in the ProcEED-

uncs because it is an integral part of the report of the Foun-
dation, pages 338—340 of Reports and Memorials.

Balance Sheet

May 31, 1962

ASSETS

General Fund

Cash _.. teseneeereee
Contract Receivable

Investments
U. S. Government Securities
Church and Church Schoo! Bonds
Common Stock ~_..._.-__--__--..
Real Estate ——.—...—...-— +

$ 4,253.44
100,000.00

$ 14,862.65

32,000.00

5,649.12
355,750.00 408,261.77

Total General Fund ~................ $512,515.21

Investments
U.S. Government Securities _.
Church Bonds
Missourl Synod

$108,287.45
35,000.00
191,808.87 335,096.32

Church Extension Notes

Total Annuity Fund 2... cee eee $337,689.67
Life Income Fund
Cmte eee ean cencee teense a ecnnnnerecnt $ 3,272.34
Investments
Utility Bonds an ._. $ 10,000.00
Municipal Bonds —._..-. — 1,000.00
Missouri Synod — Church Extension Notes —....__.... ~ $4,891.13 65,891.13
Total Life Income Fund _.....-..2.---- ee $ 69,163.47
Sundry Trust Funds
(Of: ,) 5 a a eee ne Dene SeSneESO EES EES ESSE SSS $ 1,369.67
Investments
Missouri Synod — Church Extension Notes $ 23,300.00

Pension Annuity -——~.——.———-—-------- 14,278.83 37,578.83

Total Sundry Trust Funds —_....-.----.----------- $ 38,948.50

LIABILITIES

General Fund

Accounts Payable .. a $ 2,331.44
Agency Accounts
Lutheran Education Foundation .. $ 529.90
Sundry  ... — 22a. 361.50 891.40
Contract Payable ... 13,710.28
Mortgages Payable 116,054.64
Undistributed Gifts
Undersigned -. . $ 10,077.63
Designated 27,845.32
Special -_.— 340,236.59 378,159.54
Undistributed Investment Income -.........--.---—------- 1,367.91
Total General Fund —.-..---..-- eee $522,515.21
Annuity Fund
Annuity Agreements —.......-—.——.---- $335,331.85
Undistributed Investment. ‘Income 2,357.82
Total Annuity Fund $337,689.67
Life Income Fund
Unamortized Bond Discount — $ 52.51

Life Income Gift Agreements — 69,105.01

Undistributed Investment Incom 5.95
Total Life Income Fund. ........2.-—----ee $ 69,163.47
Sundry Trust Funds
Abiding Memorials —...-...--... $ 22,088.50
Bequest .. —..—~---- — 14,484.81
Education Fund — 7 a 255.10
Mission Fund —...- - 2,083.00
Sundry Trust Funds 37.09
Total Sundry Trust Funds ......-....—...------

$ 38,948.50

Total Funds . as ameneerneeeseresstissnunsesers weesroneuennes $958,316.85

Statement of Gifts Received
Oct. 1, 1959, to Jan. 31, 1962
Gifts Received

10-1-59 2-1-61
Undesignated Gifts to 1-31-61 to 1-31-62 Total
Individuals and Agencies ............-.--- _. $ 32,836.06 $ 33,959.73 $ 66,795.79

Designated Gifts

For General Missions —. $ 900.00 $ 450.00 $ 1,350.00

For Foreign Missions —. 7,168.22 130.00 1,298.22
For African Missions —. 22,736.25 1,267.19 24,003.44
“The Lutheran Hour,’’ Japan —-——..—-_. 2,000.00 — 2,000.00
“The Lutheran Hour’ — .....__--—.—.- 3,718.35 1,143.00 4,861.35
Gross Mem Fund, Valparaiso Univers y 1,000.00 — 1,000.00
Bethesda Lutheran Home — ~~... 150.00 55.00 205.00
Lutheran School for the Deaf -.—. 150.00 50.00 200.00
Japanese Orphanage .. .— —-—--— 100.00 — 100.00
Hospital Building, Germany 10.000.00 —_ 10,000.00
Nurses Procurement and Aid Fund,

Germany ~~. ... —.—~--—-.------. - 5,000.00 — 5,000.00
Special Projects, ” Germany —— . 20,000.00 —_— 20,000.00
Sundry Individuals and Agencies — 1,577.00 1,475.00 3,052.00
Scholarship Fund, Foreign Missions 2,000.00 — 2,000.00
Chapels, Foreign Missions -——.—- — 550.00 550.00
For Latin American Missions —.. _ 20.00 20.00
Valparaiso Law Library Bldg. Fund —- 1,000.00 1,000.00
Obot Idim Chapel —~—~—.—-.—. —_— 50.00 50.00
This Is the Life —.....—. —_— 10.00 10.00
Concordia Tract Mission —--.—_——.. _ 200.00 200.00
Valparaiso University —.. a — 200.00 200.00
Church Extension Fund — 50.00 50.00
KFUO : ~ . _ 3.00 3.00
Chapel in Luther Tower —_— 3,311.00 3,311.00
Total Designated Gifts —— ______. $ 76,499.82 $ 9,964.19 $ 86,464.01
Earnings on General Investments —.___. $ 421.03 $ 613.59 $ 1,034.62
Matured Annuities — a $1,982.07 $ —— $ 1,982.07

Grand Total ——— $111,738.98  $ 44,537.51 $156,276.49

Statement of Gifts Distributed

Oct. 1, 1959, to Jan. 31, 1962

Gifts
Gifts Distributed Undis-
10-1-59 2-1-61 tributed
Undesignated Gifts to 1-31-61 to 1-31-62 Total 1-31-62
Individuals and Agencies -~........ $24,396.51% $35,161.03* $ 59,557.54 $ 7,238.25
Designated Gifts
For General Missions --_-_.—. . $ 900.00 $ 450.00* $ 1,350.00 $ —
For Foreign Missions —._._____ 6 097.60° 130.00* 6,227.60 1,070.62
For African Missions —— 517.50* 1,299.69* 1,817.19 22,186.25
“The Lutheran Hour,’’ Japan — 2,000.00 —_— 2,000.00 —
“The Lutheran Hour’’ .. --.—- 718.35 3,131.75 3,850.10 1,011.25
Gross Mem. Fund, Valpo Univ. 1,000.00 —_— 1,000.00 _
Bethesda Lutheran Home .- ——. 150.00 55.00 205.00 —
Lutheran School for the Deaf _ 150.00 _ 150.00 50.00
Japanese Orphanage _— — —~—~ 160.00 — 100.00 _
Hospital Building, Germany —. 10,000.00 —_— 10,000.00 —_—
Nurses Procurement and Aid
Fund, Germany —--... ——- — 5,000.00 — 5,000.00 —_—
Special Projects, Germany -. 10,000.00 10,000.00 20,000.00 —_—
Sundry Individuals and Agencies 1.577.00 1,475.00 3,052.00 —_—
Scholarship Fund, Foreign Miss. 2,000.00 — 2,000.00 —
Chapels, Foreign Missions ——. — 550.00 550.00 —
For Latin American Missions —. —_— 20.00* 20.00 —_
Valparaiso Law Library
Building Fund —..___.... — 1,000.00 1,000.00 —
Obot Idim Chapel — — 50.00 50.00 _
This Is the Life —.—__ — 10.00* 10.00 —_—
Concordia Tract Mission —. —_— 200.00 200.00 _
Valparaiso University ---—. —— 200 00 200.00 —
Church Extension Fund — —_— —_— -_ 50.00
KFUO an _—_ — —_— 3.00
Chapel in “Luthe Tower ——— O_O OD
Total Designated Gifts ____. $40,210.45 $18,571.44 § 58,781.89 $27,682.12

Earnings on General Investm’ts $ $ 189.34* $ 789.34 $ 245.28
Matured Annuities — —- $ $ 1,982.07* $ 1,982.07 $
Grand Total __________ $64,606.96 $56,503.88 $121,110.84 $35,165.65

* Remitted to Synod for budget income

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