St. Luke's Foundation
Leaving a Legacy for future generations
Foundation Funds
Through numerous generous donations over the course of twenty-seven years plus accumulated investment earnings, the Foundation has grown to a total of $1,024,530 as of December 31, 2023.
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In 2022, the St. Luke’s Foundation consists of the following Funds:
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Ministries and Missions Fund ***
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Music Fund ***
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Property & Building Repairs Fund ***
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Brumm Endowment Fund
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Ollie Groth Memorial Fund – Music
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Ollie Groth Memorial Fund – Summer Youth Programs (Endowment)
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Ollie Groth Memorial Fund – Seniors Ministry
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Undesignated / General Foundation Fund ***
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Scholarship Funds (See Scholarship Tab for Additional Information)
Ollie Groth Memorial Scholarship Fund (Endowment)
Gruber Family Scholarship Fund (Endowment)
Connie and Willard C. Hefty Memorial Scholarship Fund
Nancy and Don Van Aman Scholarship Fund
Carolyn M. Monthey Good Neighbor Scholarship
Robert T. Monthey Good Neighbor Scholarship
St. Luke’s Foundation Scholarship Fund ***
St. Luke’s 125th Anniversary Scholarship Fund ***
*** Funds which are available for new donations
Management of Foundation Funds
A primary goal of the Foundation Committee is to safeguard the funds held in the Foundation while providing for appropriate levels of growth and security. Since 2013, the funds of the Foundation have been managed by Baird based on an Investment Policy Statement established by the Foundation Committee and approved by the Church Council. Baird was founded in 1919 and currently manages over $360 billion worldwide through over 4,600 associates with their corporate headquarters in Milwaukee.
Setting up a New Foundation Fund
To set up a new Foundation Fund, a minimum donation of $10,000 is required. Donors should specify a particular area where they want to provide support either from the listing in the “Who We Serve and Support” tab or another ministry area which they feel is important to the Church. A request to establish a new Foundation Fund is subject to approval by the Foundation Committee and the St. Luke’s Church Council.
Setting up a New Foundation Endowment Fund
To set up a new Foundation Fund as an endowment, a minimum donation of $100,000 is required. An endowment fund provides that the principal will be maintained and only earnings can be directed to one or more ministry areas. Donors should specify a particular area where they want to provide support either from the listing in the “Who We Serve and Support” tab or another ministry area which they feel is important to the Church. A request to establish a new Foundation Endowment Fund is subject to approval by the Foundation Committee and the St. Luke’s Church Council.
