LCMS Convention Proceedings St. Louis, Missouri — 1998, Page 168

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168

RESOLUTIONS
5. The Lutheran Church—Missouri Synod
Foundation
3.501 Membership
a. The Members of the Foundation shall consist of
two groups, one consisting of individuals appointed by
the Board of Directors of The Lutheran Church—Missouri Synod and the other consisting of that number of
individuals representing Districts, colleges, universities, seminaries, high schools, agencies, or auxiliaries
of The Lutheran Church—Missouri Synod as established by the Foundation bylaws.

[The following paragraph is for adoption at the 1998 convention but implementation following the 2001 convention.]
b. The Board of Trustees of the Foundation shall
consist of the following:
• Two members elected by the Synod in convention, one ordained minister and one layperson
• The chairman of the Board for Congregational
Services or his representative from that board
• At least seven members appointed by the members, as provided in the Bylaws of the Foundation
• The Chief Financial Officer of the Synod as a
nonvoting member
• The President of the Synod or his representative

COMMENT: Establishes that a minimum of approximately
one-third of the voting board members are elected by the
Synod in convention. The Secretary of Synod would no
longer be a board member. The CFO would be a non-voting
board member.
_______________________
3.503 Functions
a. The Foundation shall provide investment management services for legacies, bequests, devises, endowments, annuity gifts, and other trust funds of the
Synod and its agencies as established by the Foundation bylaws. It shall also provide such services to congregations, auxiliaries, other recognized service organizations, and others under policies approved by the
Board of Trustees.

COMMENT: Foundation is no longer designated as “Trust
Department.”
_____________________
d. The Foundation Board of Trustees shall elect a
president/chief executive officer. The board shall assemble the slate of candidates for this position in consultation and mutual concurrence with the Board of Directors of the Synod, as well as the President of the
Synod. The chief executive officer of the Foundation
shall give regular reports to the Board of Directors of
the Synod.

COMMENT: The Chief Financial Officer may serve as the
president of the Foundation during the next triennium,
1998–2001.
_____________________
3. Concordia University System
(See Board for Higher Education/Concordia University
System, Bylaw 3.701ff.)
1. Concordia Historical Institute
3.201 Board of Governors
The Board of Governors of the institute shall have
nine members: the Secretary of the Synod, five members who shall be elected by the membership of the In-

stitute, and three who are elected by the Synod in convention, two of whom shall be ordained ministers.
Members may not serve more than two successive sixyear terms, except the Secretary, who may serve unlimited terms.

COMMENT: Maintains five board members elected by
membership. Others are elected by Synod in convention, including the Secretary.
_______________________
F. Worker Benefit Plans
3.600 Board of Managers
[The following paragraph is for adoption at the 1998 convention, with implementation following the 2001 convention.]
The Board of Managers of Worker Benefit Plans shall
consist of 10 voting members appointed by the Board of Directors of the Synod and the Chief Financial Officer of the
Synod as a nonvoting member. The 10 voting members
shall include 2 parish pastors, 1 teacher, and 7 lay persons,
at least 3 of whom shall be experienced in the design of employee benefit plans and the others in the management of
benefit plan investments.
RECOMMENDATION I (Enabling Action)
The Synod declare the following regarding the amendments to Bylaw 3.69 e and 3.193 adopted at its 1998 convention:
For all chief executives of boards, commissions, and synodwide corporate entities who are currently in office, the
five-year process for review and reappointment shall begin
at the date of the adoption of this resolution.
Action: Adopted (8)
(In presenting the resolution, the committee added the VicePresident–Finance—Treasurer as a nonvoting member to the listing of membership of the Board of Directors of the Synod. They
also deleted a reference which had been inadvertently retained
calling for approval of the Board of Directors of a slate of candidates for the position of executive director of the LCMS Foundation.)

To Amend Synod’s Articles
of Incorporation
RESOLUTION 8-04A
Overture 8-15 (CW, pp. 290–91)
Rationale
The President’s Blue Ribbon Committee on Structure requested that the Board of Directors submit to the convention an overture to amend the Articles of Incorporation of
the Synod based upon its review and suggestions and those
of legal counsel. The recommended changes are
• to eliminate from Articles I and V reference to specific
officers or persons, relying on the Constitution and Bylaws
to define such positions and thereby simplifying future
amendments;
• to incorporate by reference in Article II the objectives
of the Synod as stated in the Constitution;
• to clarify in Article III that congregations are the voting members of the Synod;