In 2009 the Lutheran Heritage Foundation Board of Directors established an Endowment Fund in order to provide a sustainable income stream in support of the on-going mission and ministry of the Lutheran Heritage Foundation. The underlying conservative investment portfolio is reviewed and adjusted on a quarterly basis by the LHF Finance Committee and skilled investment fund managers to ensure that targeted performance projections are being met.
In 2018, in connection with LHF’s 25th Anniversary, donations were received in support of the Endowment Fund. These donations became part of the overall Endowment Fund but are permanently restricted.
Currently, 75% of prior year Realized Earnings are eligible for distribution from the Endowment on an annual basis allowing the fund to grow internally. Annually, the Executive Director presents recommendations to the Board of Directors for use of the prior year realized earnings. Since the fund’s inception, $299,572 has been generated and distributed for the following projects:
|2020||$50,056||Printing and Distribution of Spanish Projects|
|2019||$53,969||World Mission Center Parking Lot|
|2018||$45,680||Printing for the countries and languages represented at LHF's 25th Anniversary celebration: Latvia, Russia, Ukraine, Thailand, Ghana, South Sudan, Ethiopia, and in Farsi and Arabic|
|2017||$34,783||LHF 25th Anniversary|
|2016||$28,544||Printing Russian "Self Study Bible" Project (combining Russian Bible Text with "Self Study Bible")|
|2015||$15,113||Printing Somali "Good News About Jesus," "A Child's Garden of Bible Stories," "Understanding Christian Faith"|
|2014||$10,834||Printing Tok Pisin "Small Catechism" and "Statement of Faith" for Papua New Guinea|
|2013||$9,494||Printing Russian "Book of Concord"|
|2012||$9,000||Printing Yala "Large Catechism" and Latvian "Grace Upon Grace"|
|2011||$9,600||Printing of Bahasa "Small Catechism"|
|2010||$12,000||Printing of Zulu "Dogmatics Volume 3" and Amharic "Dying to Live"|
|2009||$20,500||Assorted Publishing Projects|