FAQ - Answers

A1. Yes, there is a Board of Directors consisting of 8 members, plus the pastors, school principal, and church president.  Members serve staggered terms of 4 years, after being elected at a Voters' Assembly.  The Board is guided by a policy manual that may be viewed upon request.

A2. LPL Financial, one of the leading finacial services companies and one of the largest independent brokers/dealers in the nation, manages the funds.  Richmond Financial Services, located in Mequon, WI, is our local contact.  Their advisors have a minimum of 10 years' experience.  The Board has been satisfied with their services and investment strategies.

A3. Yes, The Foundation is managed to provide maximum returns and to meet the objectives of liquidity of investments, full investment of all funds, diversification of risk, and the intent of maintaining a rate of return in excess of the inflation rate.

A4. Living Endowment funds from major gifts, bequests, or endowments use only the income from the investments and focus on missions, church workers, new programs, and operations.

Capital funds from gifts or bequests in any amount may use both principle and income for capital projects at Elm Grove Lutheran Church or through The Lutheran Church-Missouri Synod.

Specified funds from memorials/gifts may use both principle and income for our ch8urch or synod operations and may be specifically earmarked by the donor.

A5. The Chairman of the Board and the Treasurer will meet with you at your request to review income & expenditures related to your donation/fund.  You may also request a yearly update at the time you donate funds.