St. Armands Key Lutheran Church
Saturday, September 23, 2017
God's Work. Our Hands.

About the Foundation

  

The St. Armands Key Lutheran Church Foundation is a ministry affiliate of
St. Armands Key Lutheran Church
Image of lock and key 

The Foundation is the KEY to a lasting gift  

Together...We Can Do More...Forever

  
Mission:  To Enhance the Gospel of Jesus Christ.
 
Our approach to fulfilling our mission is to make grants that either start new programs or extend current programs and which enhance the Gospel of Jesus Christ.
 
History
The St. Armands Key Lutheran Church Foundation was established in 1978. It is managed by a Board of Trustees, each of whom is a member of St. Armands Key Lutheran Church. The Foundation is a not-for-profit corporation with a 501(c)(3) exemption. The Board meets quarterly with special meetings called as necessary.
  
How Our Foundation Works:
Our Foundation has 2 distinct endowment funds:
  1. General Endowment Fund: Makes grants to programs and projects that further the good news of God in Jesus’ name. Such grants are typically awarded to credible non-profit organizations, locally, nationally and globally.

  2. St. Armands Key Lutheran Church Endowment Fund: For the benefit of St. Armands Key Lutheran Church, with an annual grant distributed to support the ministries of the congregation.
Annual grants from each Endowment Fund are 5.0% of the three-year moving average of year-end assets.
 
Grant requests from the General Endowment Fund are received in writing, outlining the needs of the entity requesting the grant. Involvement of one or more members of St. Armands Key Lutheran Church in the work of the grant requestor is a desirable-but-optional attribute.
  
How Gifts Can Be Directed within Our Foundation:
Gifts can be designated and directed to either of the two funds:
  • General Endowment Fund
  • St Armands Key Lutheran Church Endowment Fund
Undesignated and undirected gifts are placed in the General Endowment Fund.
 
Major gifts may be donor-directed through the St. Armands Key Lutheran Church Foundation; resulting grants must meet the Foundation Mission and all legal/tax requirements.
 
Types of Gifts that Our Foundation Receives: 
Gifts can be made in honor of family & friends, as memorials, or to uphold special occasions. Our Foundation celebrates gifts by displaying the names of persons making gifts in the church. Plans are underway to celebrate legacy gifts in a special way. All requests for anonymity are honored.
 
Gifts to the Foundation Come in Many Ways: 
Current Gifts:
  •     Checks and cash
  •     Thrivent Choice Dollars
  •     Property, stocks, bonds, and other intangible assets
Future Gifts via Wills and Estate Plans
  •     Gift Annuities and Charitable Trusts
  •     Property, stocks, bonds and other intangible assets
  •     Life insurance
More and more generous donors, both members of St. Armands Key Lutheran Church and others who have learned of our Foundation’s good works, are including the Foundation as a beneficiary in their wills.
  
Foundation's Management of Assets:
The Foundation has two primary investment objectives; (a) protect the principal; and (b) achieve a reasonable return on investment. The Foundation’s goal is to have its funds invested in assets comprised of 50% US stocks, 10% international stocks, 30% bonds and 10% cash. Our Foundation Board has an Investment Committee to oversee the investment of funds.
 

Contacts:
St. Armands Key Lutheran Church Foundation
40 N. Adams Drive, Sarasota, FL 34207
Phone: 941-388-1234941-388-1234 Fax: 941-388-1860
  
To discuss gift planning to the Foundation now or via your will, contact Pastor Mark Bernthal or the Chairman of the Foundation, Keith Leeseberg at 941-388-1234941-388-1234.