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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
| Ken Spanagel | John Brunecz | Allan Goellner | Linda Gattiker |
For What Will the Income from the Fund 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.
Can Income Tax, Estate and
Retirement Planning be Utilized?
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.)