LCMS Convention Proceedings St. Louis, Missouri — 1973, Page 218

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12. STEWARDSHIP AND FINANCE

To Study Supplemental Funding
RESOLUTION 12-01
Report 12-01 (CW, pp. 359—375)

Wuereas, Christian prudence suggests the maximum
use of God-given talents and treasures; and

Wuereas, Definite interest has been shown in sup-
plemental funding of the church’s mission through
private investment and business ventures; therefore
be it

Resolved, That the Board for Stewardship appoint
an ad hoc committee to study the feasibility and ad-
visability of such supplemental funding and, if found
desirable, to formulate the necessary policies and pro-
cedures for implementation of such supplemental fund-
ing and submit them for approval to the 1975 synodical
convention.

Action: Adopted (6).

To Develop and Promote Supplemental
Project Giving
RESOLUTION 12-02
Report 12-02 (CW, pp. 375—378)

Wuereas, Individuals, groups, and congregations are
looking increasingly for opportunities to provide finan-
cial support for their Synod’s work in addition to their
regular contributions and remittances through pre-
scribed channels; and

Wuereas, Such individuals, groups, and congrega-
tions indicate a strong desire to designate this additional
synodical support to causes and projects of an extra-
budgetary nature as well as for the regular budgeted
program; and

Wuereas, The Synod at this time does not have a
comprehensive program offering such a service; there-
fore be it

Resolved, That the Division of Stewardship Services
develop and promote a comprehensive program of giv-
ing which will make it possible for individuals, groups,
and congregations to give additional financial support
beyond their fair share amounts to synodically approved
projects which are not included within the regular
budget, as well as to budgeted projects; and be it further

Resolved, That this program of giving be developed
in a manner which will supplement and enhance the
ongoing work of the Synod carried out by means of its
regular budget.

Action: Adopted (6).

To Encourage Estate Planning Through
The Lutheran Church — Missouri Synod
Foundation

RESOLUTION 12-03
Report 12-06 (CW, pp. 386—387)

Wuereas, God has blessed His people with an abun-
dance of resources and has challenged them to provide
for the continued extension of His church; and

Wuereas, The Lutheran Church — Missouri Synod
Foundation has been established for the purpose of
helping to promote the future growth of our church
through proper estate planning, using such devices as
unitrusts, annuities, life reserve, and life income agree-
ments to transfer cash, securities, and real estate to the
church for the immediate and future growth of our
Lord’s kingdom; therefore be it

Resolved, That the members of The Lutheran Church
— Missouri Synod be encouraged to use estate planning
also to provide additional resources for the extension of
Christ’s church in the future; and be it further

Resolved, That the Foundation seek to expand its
various deferred giving programs within The Lutheran
Church — Missouri Synod for the promotion of the
church’s mission and ministry.

Action: Adopted (6).

To Revise Bylaw Pertaining to Terms
of Office of Board of Trustees,
Lutheran Church — Missouri Synod
Foundation

RESOLUTION 12-04
Report 12-06 (CW, pp. 386—387)

Wuereas, The Articles of Incorporation and Bylaws
of The Lutheran Church — Missouri Synod Foundation
have been amended with the concurrence of the mem-
bers of the Foundation (Board of Directors) in order to
give the Board of Trustees a greater management role
in the Foundation and have recommended the reduction
of its membership from seven clergymen and 14 laymen
to three clergymen and eight laymen; and

Wuereas, It is inappropriate to establish specific
terms of office for trustees because this is a specialized
area; therefore be it

Resolved, That paragraph 9.65 b of the Handbook of
The Lutheran Church — Missouri Synod be revised to
read as follows:

Terms. Members of the Board of Trustees shall
be elected in such manner and shall serve for terms
of such duration and number as shall be set forth
in the Bylaws of the Foundation.

Action: Adopted (6).

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