In May of 1999 the Virginia Synod acting in Assembly established the Virginia Synod Trust Fund for Mission for received “endowment gifts”.
The Trust Fund for Mission was established for the purposes of acquiring and establishing in perpetuity a fund, the income and principal of which may be used from time to time as stipulated by the Donor and as directed by the Synod Council of the Virginia Synod, ELCA, or its successors, for the uses and purposes of the mission of Virginia Synod, ELCA, and for the uses and proposes of such other charitable organizations as provided herein. This Trust Fund for Mission is established exclusively for charitable, religious, educational, and scientific purposes, including, for such purposes the making of distributions to organizations that qualify as exempt organizations under Section 501 (c) (3) of the Internal Revenue Code (or the corresponding provisions of any future United States Internal Revenue Law), and to do all things not prohibited by law or which are necessary and proper to accomplish these purposes as the Synod Council of the Virginia Synod, ELCA may from time to time determine.
Gifts to the fund come primarily from wills, beneficiary designations of insurance and retirement accounts, charitable gift annuities, charitable remainder trusts and other gift instruments. The endowment fund also receives gifts from those who wish to leave money or individual property to the trust fund while they are still living.
Endowment gifts received are invested with Thrivent or with the ELCA Foundation and are managed by the Funds professional money managers.
For More Information Contact: Ellen Hinlicky, Director, Lutheran Partners in Mission