Lutheran Foundation Canada Logo
thin grey bar
Plan. Make a difference. Link to Home Page
Link to Contact Us
Link to FAQs
Link to Join the E-list
thick grey bar
space Link to About Us Link to Seminar Schedule Link to Planned Giving Link to Ministry Gifts Link to Gift of Shares Link to Testimonials Link to News & Events Link to Partner Links Link to Allied Professionals Link to Resources space thin grey line

Foundation Statement on ABC District CEF

The ABC District has recently announced, that as a result of its Church Extension Fund (CEF) activities, it faces a funding shortfall which will affect the operations of the District and its ability to accept deposits and honour withdrawals from its CEF. Lutheran Church Canada Financial Ministries (LCCFM -Foundation) wishes to assure its donors that the donor gifts received, and then subsequently invested by the Foundation in support of the ministries designated, are not materially impacted by the ABC District Funding Shortfall. In accordance with the donors' wishes the LCCFM-Foundation has only two endowment funds that are invested in the ABC CEF. These funds may be impacted by the difficulties now being experienced by the ABC District. The combined value of these two funds comprises less than 1% of the LCCFM-Foundation Investment Portfolio.

LCCFM-Foundation investments are managed by professional investment firms, overseen by each firm's investment manager and their team of certified financial analysts. The investment managers provide quarterly investment Performance Reports which are then reviewed by the LCCFM-Foundation's Finance Committee. The Finance Committee is comprised of members with background expertise in the areas of finance and accounting. The Finance Committee's primary responsibility is to insure the investment managers have invested our funds in keeping with the approved "Investment Policy Statement", a document defining the level of risk, diversification requirements, and permitted portfolio securities.

The LCCFM-Foundation's Board of Directors supports President Bugbee's leadership when he stated, "While the ABC District's situation is troubling and many people will feel its unfortunate effects, we must never lose sight of our mission as a church, telling the world the Good News of God's love for us in Jesus Christ." This mission must continue within all districts. Please keep the ABC District in your prayers, and continue to support our church's mission nationally through your planned gifts.

Allen Schellenberg, MBA
Executive Director of Lutheran Foundation Canada

Lutheran Foundation Canada Address: 3074 Portage Ave Winnipeg, MB R3K 0Y2 1-866-588-4422 A Financial Ministry of LCC Logo

Home | Contact Us | FAQ | Join the E-list | Site Map | Privacy Policy