The endowment committee met on Thursday 12/13/18 to review grant applications submitted by members of GLC. According to the bylaws the interest received through investments in 2017 must be distributed by end of year 2018. Thank you for all of your input.
The amount for distribution is $38,246.16 divided as follows:
Distribution Allocation according to By-Laws (Minimum)
Community & Synod Outreach (20%): $7,649.22
Missions (20%): $7,649.22
Gethsemane (20%): $7,649.22
Discretionary Allocation: $15,298.47
COMMUNITY AND SYNOD OUTREACH
Faith 56 transportation $3,200
Family connections $2,500
Cookie brigade $2,000
Meeker County Community Homes $1,000
Total $8,700
MISSIONS
Leadership training $1,000
Counselors/leaders for VBS $2,000
Dassel ministerium $500
Back pack program $500
Summer family camp scholarships $2,750
Green Lake Ministries $1,000
Total $ 7,750
GETHSEMANE
Black top horseshoe driveway $15,000
Steel siding east wall of education bldg. $4,000
Sanctuary Christmas tree $1,710
Building loan $1,086.16 Total $21,796.16
TOTAL OF ALL: $ 38,246.16

