The decision comes after an extensive, 18-month review of the LFC program that “revealed a number of critical issues impacting LFC operations.”
The Synod’s long-time Soldiers of the Cross grant assistance program has been “amplified” so that not only those workers who are on the Synod’s roster, but also lay workers in LCMS churches, schools and organizations, may apply for assistance.
Due to near-term COVID-related challenges, the Board in April had endorsed a proposal from the Operations Team to prepare spending forecasts through the end of the current fiscal year and abbreviated budget proposals for just the first quarter of the next.
On April 2, the U.S. Small Business Administration confirmed that tax-exempt nonprofits such as churches are eligible to apply.
As part of its response to the COVID-19 pandemic, the LCMS will use Soldiers of the Cross as one means to continue to assist LCMS church workers and their families.
The event, organized by the Coalition for Life–St. Louis, saw its largest turnout ever in 2020.
The new developments will serve people with disabilities as well as adults of all abilities who are 55 and older.
Building renovations will expand educational opportunities in Montevideo, Uruguay.
A funeral service is scheduled for 10 a.m. Monday, Jan. 20, at Holy Nativity Lutheran Church, 1200 Linden Ave., Arbutus, Md.
Among other business, the Board heard a report from the Synod president, elected a new BOD member, and thanked retiring CFO Jerry Wulf for his service.
During the 2019 Lutheran Church Extension Fund Leadership Conference, speakers from a wide range of disciplines shared ideas for sparking creativity and innovation within the church, in work and in life.
Delegates elect members to national mission, international mission and other Synod boards at the 2019 Synod convention in Tampa, Fla.
The move, which brings the Synod’s indebtedness to external entities to zero, will save $1.4 million a year in principal and interest payments.
In October, Lutheran Church Extension Fund rolled out a 40-month note with a goal of reaching $100 million in new investments. The goal was met in less than four months.