Thanks to the generosity of God’s people, WELS Foundation has been blessed to distribute $3.1 million from more than 350 endowments through its endowment program this year. Areas that benefited from the distributions include WELS missions, ministerial education schools, congregations, and other WELS-affiliated ministries.
One of those WELS-affiliated ministries that was blessed through endowment distributions was the Lutheran Women’s Missionary Society (LWMS).
Back in 2015, Mrs. Karen Fischer, who was then the president of LWMS, approached Mr. Jim Holm, the executive director of WELS Foundation, about setting up an endowment through which LWMS could support WELS mission work.
Holm recalls, “Karen knew that the ladies who support LWMS have such a passion for missions, and an endowment would give them another way to continue to provide for the Lord’s work after they were called home to heaven. WELS Foundation was thrilled to establish this partnership with LWMS to benefit the spread of the gospel both locally and worldwide.”
Fischer was also grateful for the partnership. “WELS Foundation staff walked our entire LWMS board through the process with grace and ease. It was such a blessing,” she recalls. “This new endowment fund allowed LWMS members to give a gift at any time, knowing it would generate an annual distribution in perpetuity . . . leaving a mission support legacy even after they receive their heavenly crown.”
Since 2015, WELS Foundation has distributed over $26,000 to LWMS through two endowment funds. The annual distributions support WELS mission opportunities as selected by the LWMS board of directors. The monies are distributed above and beyond the annual mission collections of members and increase the impact of LWMS giving.
The endowment distributions also allow LWMS to address any immediate needs of WELS missions. For example, a July 2020 endowment fund distribution of $7,976 was donated to support WELS Campus Ministry, in conjunction with its 100th anniversary.
Rev. Larry Schlomer, Board for World Missions administrator, says, “There is so much opportunity in the LWMS endowments that are managed by WELS Foundation. Each year the distributions from these funds go to support Home and World Missions projects. Gospel work in Mexico, Africa, Asia, and the United States have all benefited.”
Mrs. Becky Jungwirth, LWMS treasurer, appreciates the peace of mind that comes from knowing that WELS Foundation shares in LWMS’ mission. She adds, “Working with WELS Foundation is an easy process because they provide all administration and investment management (through WELS Investment Funds) for our endowments. Partnering with WELS Foundation has been a real blessing for LWMS.”
To learn more about adding to an existing endowment or setting up an endowment for a ministry close to your heart, contact your local WELS Christian giving counselor at wels.net/giving-counselors. To learn more about WELS Foundation, visit wels.net/foundation.