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Ministry Gifts

Current Endowments

While an organization must take care of its annual operating and program costs, it must also save money in order to provide for its long-term future operations and programs. In order to meet both these needs, organizations encourage and depend on both endowed and non-endowed gifts. A large capital program or initiative may need immediate funding, whereas general operational costs may be partially covered by interest earned on an endowment. As Lutheran Foundation Canada has numerous endowments in place already, it may be advisable to simply add to one of these existing endowments rather than create an additional one, particularly if an existing endowment is funding the organization you also intend to support.

For most endowments, the “endowed amount” (initial gift) is not used for a set time period, usually ten years, with only the generated interest being used, then after ten years both the principal and interest may be used. There may also be endowments that are invested “in perpetuity”, wherein only the earnings are ever used. New endowments are only encouraged for gifts of $25,000 or greater, due to the limited investment earnings on smaller amounts, in proportion to the management costs for tracking and disbursing the earnings over the ten year period.

Although there are slightly more than sixty endowments that are currently in existence, the following are of a more general nature, having been established by either the Districts or Synod. If you would like to make a current or planned gift to one of these endowments, please ensure you include the Endowment Name, the Beneficiary, and the Stated Purpose of Gift so that we are very certain that you have fully understood how your gift will be used.

If you are planning a significant gift to one of the named beneficiaries listed below, you are encouraged to confirm whether your gift could best be used within their endowment fund, or as a cash gift. You may do this directly by speaking to the organization, or if you prefer, a Foundation Gift Coordinator would be pleased to assist you in this matter.

Endowment Fund Name Beneficiary Stated Purpose of Gift
The ABC District Endowment - Deaf Ministry ABC District, Lutheran Church Canada Deaf Ministry
The ABC District Endowment - Schools & Scholarships ABC District, Lutheran Church Canada Support for ABC District Lutheran Schools
The ABC District Endowment - General ABC District, Lutheran Church Canada District Missions
The Nicodemus Fund Central District, Lutheran Church Canada District Missions
The General CUCA Fund Concordia University College of Alberta To be used where needed most
The Timothy Fund Concordia University College of Alberta Church Worker Scholarships
The Joseph of Arimathea Fund Lutheran Church Canada Overseas Missions
The Alive in Christ Fund Lutheran Church Canada Master’s and Doctorate Scholarships for Church Workers
The Forward In Remembrance Fund LCC Seminaries in Canada Student Aid

 

Lutheran Foundation Canada Address: 3074 Portage Ave Winnipeg, MB R3K 0Y2 1-866-588-4422 A Financial Ministry of LCC Logo

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