Annual Report
Bethany Lutheran Church Foundation
June, 2022

The Bethany Lutheran Church Foundation enhances the ministry of Bethany Lutheran Church by establishing stewardship opportunities additional to the general operation of the church. The Foundation gives scholarships and grants annually which enrich or uplift the spiritual life of the church, provide a worthy addition or improvement to the church facility or give needed assistance to a worthy individual, family or Christian enterprise.

The Foundation expends up to 5% of the average fair market value of the net assets in the unrestricted funds as determined by the eight quarters ending September 30. In 2021, we awarded $5,750 in scholarships to college and seminary students. In 2021, we awarded $47,810 in grants to organizations in our church and community.

As of May 16, the Foundation had $1,168,870 in the endowment. The Foundation will have $57,070 to expend in 2022 for scholarships and grants, based on the formula contained in the Articles of Incorporation. The Foundation welcomes students to apply for scholarships for both college and seminary if they are attending ELCA schools or religious institutions from a denomination in full communion with the ELCA. The Foundation grant cycle considers grant requests submitted by the October 15 deadline. If any member is an advocate for a non-profit organization that could be served by a grant from the Foundation, please encourage your non-profit to apply for funds.