Official Handbook Source Text
Handbook page 131
Source: LCMS Handbook 2023, page 131.
This page reproduces text from the 2023 LCMS Handbook for study and navigation. Readers should verify procedural, legal, parliamentary, or governance questions against the official LCMS Handbook and appropriate LCMS authorities.
extension activities, such as knowledge of real estate, management, and financial planning.
3.6.4.4 The Lutheran Church Extension Fund — Missouri Synod shall raise funds
primarily through the issuance of corporate notes and other debt instruments.
3.6.4.4.1 The assets of the Lutheran Church Extension Fund — Missouri Synod shall
be used exclusively to provide financing and services for the acquisition of sites, for the construction of facilities, for the purchase of buildings and equipment, for operati ng expenses, for professional church worker education, for the residential housing needs of professional church workers, for promoting strategic ministry planning and assisting in capital campaigns; and for other purposes approved by its governing board and the Synod Board of Directors, which purposes shall be consistent with the ministry and mission of the Synod.
3.6.4.4.2 The assets of the Lutheran Church Extension Fund — Missouri Synod shall
also be used exclusively to provide financing for its own operations and for distribution of operating results to its member districts, congregations, and corporate Synod, as determined by its governing board.
The Lutheran Church— Missouri Synod Foundation
3.6.5 The Lutheran Church— Missouri Synod Foundation shall provide
investment management services for legacies, bequests, devises, endowments, annuity gifts, and other trust funds of the Synod and its agencies as established by the Foundation Bylaws.
3.6.5.1 The Lutheran Church— Missouri Synod Foundation shall also provide such
services to congregations, auxiliaries, recognized service organizations, and others under policies approved by its board of trustees.
3.6.5.1.1 The Lutheran Church — Missouri Synod Foundation shall be maintained
and controlled by the Synod as a corporate entity organized under the laws of the State of Missouri and shall be operated by a board of trustees responsible to the Synod, in accordance with the provisions of it s Articles of Incorporation and corporate Bylaws. Any amendments to the Articles of Incorporation shall be subject to approval by the members of the Foundation.
3.6.5.1.2 Since the Lutheran Church— Missouri Synod Foundation serves the entire
Synod, no new foundations shall be established by its agencies without prior approval of the Board of Directors of The Lutheran Church— Missouri Synod.
3.6.5.2 The voting members of the Lutheran Church— Missouri Synod Foundation
shall consist of two groups, one consisting of individuals appointed by the Board of Directors of The Lutheran Church— Missouri Synod and the other consisting of that number of individuals representing agencies or auxiliaries of The Lutheran Church— Missouri Synod as established by the Foundation Bylaws.
3.6.5.2.1 The Board of Trustees of the Lutheran Church — Missouri Synod
Foundation shall consist of:
1. Two members elected by the Synod in convention (one ordained minister and one layperson)
