St. John’s Lutheran Church Foundation was established in 1982 with the purpose of enhancing the mission of St. John’s by providing a perpetual source of revenue to aid in the work of the church. A foundation receives gifts or donations and invests those resources to generate income. The initial holdings of the foundation are never spent since they are the basis of generating the income. That income then becomes a revenue stream that can be distributed year after year. The larger the amount in the foundation, the larger the revenue stream it can generate. While the Foundation is under the control of the church council, it has its own constitution and by-laws and is run by a board of elected church members. These rules determine how much and in what areas the income generated from the Foundation can be distributed.
Some funds are donated to the Foundation directly, some have come in the form of stocks, gifts from an estate or memorials. All donations become part of the base resources of the Foundation and are invested to create a larger stream of revenue for distribution. If people are looking for a place to donate, that will keep on giving into the future, the St. John’s Lutheran Church Foundation is the perfect vehicle.
All applications are due by March 31, 2022.
Current Foundation members are: Ron Albright, Dave Bornfleth, Clark Johnson, Sharon Melquist, & Tim Tjosaas.
Inquires can be directed to the Foundation members or to email@example.com.
About the Foundation
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Important Notice: Neither the Foundation nor its representatives can offer legal or tax advice. For such advice, attorneys, accountants, and other professional advisors should be consulted.