Operating Principles

 

The general purpose of the Foundation is to receive gifts, hold the principal of such gifts in perpetuity, and expend the income annually for religious, charitable, benevolent, and educational purposes in a manner that is separate and apart from those expenditures normally funded by the annual operating budget of the Church.  The Foundation also holds, administers, invests, and conserves securities, estates, and property given through bequests to the Congregation.  All gifts are tax deductible.

All designated gifts, memorials, or bequests to Ascension Lutheran Church are placed with the Foundation and recorded in the name of the memorialized person and the donor.  These combined gifts provide an ongoing memorial to support and extend the ministry of the Congregation.

All designated gifts will be used for the purpose for which they are designated, where possible.

Click here to review the Foundation’s Policies and Procedures.