All funds of unspecified intent donated to the Foundation shall be placed in a fund determined by the Foundation Board of Directors.

Endowed Funds (only earnings available)
When a donation is added to an endowed fund it becomes part of the endowed (irreducible) principal of the fund, unless other directions are provided.
    Ronnenkamp – a general fund.
    Parish Nurse – to support the parish nurse program.
    Pipe Organ – to support the maintenance, upkeep, rebuilding, expansion, and otherwise all other aspects associated with the playing of the GLC organ.
    Grace Center – to support them now they have moved to a new location.
    Kuehn – for church choir music.
    Library – a small fund dedicated to assisting the library.

Non-Endowed Funds (principal and earnings available)
    Brian Smith Medical – the origin of this fund is a small amount of money that remained after assisting with Brian Smith’s medical bills. With the approval of the Smith family, the remainder of the monies is available to assist individuals and families with medical bills.
    Musical Instrument – the origin of this fund is the small amount of money that remained after purchasing the grand piano in 2001. The continuing purpose of this fund is to maintain the piano and purchase other instruments, such as the drum set.
    Benevolence – this fund was established to provide for the timely payment of the Church’s benevolence commitments when cash flow restraints may significantly delay and/or reduce such payments.

All of these funds earn income and/or interest.

Two additional non-endowed funds do not earn income or interest:
    Memorial – when a donation is made to the Foundation as a memorial, it is added to this fund, unless a specific purpose is identified.
    General Unrestricted Fund – made up of donations that are not specifically directed to a named fund or a specific use. Used to support projects and to cover operating expenses.