Memorial Fund: Memorial gifts, including interest earned thereon, may be used for purposes requested by the Church Council and approved by the Foundation. A sub-account accumulates funds that can be used to assist persons wishing to study or train for church-related vocations.
Unrestricted Perpetual Fund: Gifts given without designation or restriction. Only the interest earned may be used.
Restricted Perpetual Fund: Gifts given for specific purposes and/or for programs administered by the Foundation (such as the Scholarship Program.) Only the interest earned may be used.
Two sub-accounts currently exist:
- General scholarships to members
- Providing animals to raise the income of needy families globally through the ELCA’s World Hunger Appeal/God’s Global Barnyard Program