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Endowment Fund

The people of Divinity Lutheran have always had a special vision for serving the community and the world. God has blessed us as a congregation with a resource of talents, gifts, dedication and caring. For this we are truly thankful.

We take seriously our stewardship responsibility and the use of these and other gifts both for the present and for future generations.

The Divinity Lutheran Endowment Committee is a congregational committee established in 1986. Its purpose is to:

  • receive gifts of cash, securities, estates, life insurance, real estate, etc.
  • use income generated through investments while trying to maintain principal
  • support mission and ministry within the congregation, the community and throughout the world.

The fund enhances the ministries of Divinity Lutheran Church.

Why Have an Endowment Fund?
The Endowment Fund provides a unique, lasting stewardship vehicle for people to express special gratitude to God for the blessings they have received through their church. Its uniqueness is that all the principal is held permanently, and only the income is available for use each year. Consequently, the benefits from such gifts will be perpetual.

Who Manages the Fund?
A committee of four members and the pastor manages the activities of the Fund. The four members are elected by the congregation. The committee meets quarterly to formulate policy, manage assets, and distribute income.

Endowment Committee
The committee includes 5 Voting Members.  The current committee includes:
Dave Potter, President (2014-2017); Karen DiCarlo, Secretary (2012-2015); Pastor Doug Gunkelman;  The Congregational Vice-President, Paul E. Klemme, is a Non-Voting Member of the committee.
 
How will the Fund's income  be Used?
Income or profit from the Fund will be used to extend the life and mission of the Church. The Fund will not be used for any purpose normally covered by the congregation’s regular operating budget unless authority is granted by a meeting of the congregation.

How May I Make a Gift?
Your gift may be payable to Endowment Fund, Divinity Lutheran Church, 11877 Blossom Avenue, Parma Heights, Ohio 44130.

What Ways May I Give?
You may choose to give cash, stocks, bonds, mutual funds, real estate or life insurance policies. The committee will be happy to advise you on how to proceed when making these kinds of gifts.

Wills
The most common form is through bequests in wills. This permits you to make a gift to the Fund upon your death, but determine at present the nature and extent of the gift.

Trusts
There are many types of trust arrangements. Some trusts provide lifetime income to you and thereafter benefit the church in your name. A trust could also include a gift similar to a bequest in a will. Some provide tax savings.

Life Insurance
Name the Fund as owner or beneficiary of some or all of the proceeds of your policy. Gift Annuity - Transfer asset to The Fund and receive income payments during your lifetime.

Sample Wording for your Will or Codicil (addition to will):
“I give, devise and bequeath to Divinity Lutheran Church Endowment Fund, currently at 11877 Blossom Avenue, Parma Heights, Oh., 44130 and its successors in interest
- The sum of __________dollars to be used according to the purposes of the of the Divinity Lutheran Church Endowment Fund.
- ______percent of the residue of my estate and the property owned by me at the time of my death, to be used according to the purposes of the Divinity Lutheran Church Endowment Fund.
- ___________(specific items such as a specific life insurance policy, certain shares of stock or other specific items.)”

Consider a Statement of Faith as a preamble to your will
“In thanksgiving to God for the gift of life and His blessings which have sustained me through my life, and in grateful appreciation for the gift of God’s Son, Jesus Christ, who has forgiven my sins, I make confession of faith for all who read this last will and testament. All that I have received has come from my Creator, Redeemer, and Sanctifier, and in Christ’s name, I take my leave, always resting in the loving arms of God.” (Then follows the rest of the will.)
 

Thrivent Choice Dollars Program

Thrivent Choice Dollars is a relatively new program. The amount of Choice Dollars you can designate to a Lutheran organization is based on your contract values. If you designate your Choice Dollars to Divinity, they will be designated to our Capital Improvement/Building Maintenance Fund.
 
HOW TO ENROLL by Phone:
 
1. Call 1-800-847-4836 and say, “Thrivent Choice”
2. When prompted, say “Choice Dollars”
3. Say or enter your Social Security Number
4. Press 1 to direct Choice Dollars or Press 2 to hear the Thrivent Choice program Terms and Conditions
5. A representative will then work with you to direct Choice Dollars.
 
HOW TO ENROLL Online:
 
1. Go to Thrivent.com/thriventchoice
2. Click on “Log in” at the top right of your screen and enter your MYThrivent user ID and password. If you haven’t registered, click on “Register now”
3. Look for your designated Choice Dollars amount on the right side of the screen
4. Click on “Direct Choice Dollars” in the Thrivent Choice box on your MyThrivent page
5. Search the catalog of organizations to find your choice
6. Click on “Direct Choice Dollars Now” to direct your des-ignated Choice Dollars to benefit that organization.
7. You can “Set Up Recurring” to have your balance (at $10 or more) direct automatically
 
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Divinity Church,
Jun 5, 2012, 8:35 AM