An endowment fund is an investment portfolio held for the purpose of generating a predictable stream of income for specific purposes. An endowment fund is usually permanent because the principal balance, or corpus, stays invested perpetually and only the income generated gets spent.

The purpose & vision of the MVLCS Endowment is that one day Mountain View will have a large enough principal (corpus) base to produce a regular stream of income to fund three specific areas of ministry:

Education & Scholarships

Building & Campus Improvements

Outreach Ministries & Missions

The Endowment is being invested with the LCMS Foundation. The Foundation is following the Investment and Spending Policy set forth in the Endowment By-Laws.

The Board of Directors appoints members to the Endowment Committee that oversee the Endowment and report earnings and investments back to the Board.

Gifts

Donations to the MVLCS Endowment may be made either as designated or undesignated gifts. Undesignated gifts can be used for any of the three endowment purposes; designated gifts may only be used for the endowment purpose specifically designated by the donor.

Principal/Corpus

Gifts given to the MVLCS Endowment are intended to remain permanently in the endowment corpus to produce income. The congregation may, with a 2/3 vote, choose to utilize undesignated corpus funds. Principal from designated gifts may only be used according to the designation by the donor at the time of the gift.

The Endowment By-Laws outlines specific guidelines.

Spending

Income from earnings will be distributed annually with 25% of earnings added to the corpus to build the endowment and 75% of earnings distributed for immediate spending on supported areas.

Christ is the head and we are the body. As each part does its work, the body grows and is built up in love.

Your gift to the MVLCS Endowment will grow income for both current and future generations to continue to build Christ’s body.