Endowment Committee Gets Annual Report
The main item of business at the Endowment Committees meeting on Monday was to receive the annual report of the Endowment's assets from our investment service, Trust Company Family Offices (TCFO) out of Holland, OH. Members of the firm were present to explain the report, highlighting how various aspects of the past year's economy affected our returns. The bottom line is that the Endowment lost value, but the mix of investments along with dividends limited the damage. TCFO provided the following summary of our account, which is also on page 34 of the Annual Report. As you can see, we're down about $200K from last year:
| Beginning Market Value: | $1,375,801.43 | |
|---|---|---|
| Receipts: | ||
| Cash Deposits | 0.00 | |
| Asset Deposits | 22,720.83 | |
| Total Receipts | 22,720.83 | |
| Payments: | ||
| Disbursements | -44,284.32 | |
| Withdrawals and Distributions: | -22,720.83 | |
| Administrative Expenses | -8,563.04 | |
| Total Payments | 75,586.19 |
|
| Investment Income: | ||
| Tax Free Income | 0.00 | |
| Taxable Interest | 16.30 | |
| Dividends | 32,311.70 | |
| Return of Capital | 0.00 | |
| Other Income | 0.00 | |
| Total Investment Income | 32,328.00 | |
| Investment Growth: | -179,3190.87 | |
| Total Investment Growth | -179,310.87 | |
| Ending Market Value: | $1,175,971.20 |
LIFT Planning Meeting Ready to Go
From Pr. Paul: Reminder that we’ll gather on Saturday, January 28, from 9-11 at the Sandusky County Chamber of Commerce to help focus LIFT’s vision for 2023. The theme is Second Vision. This is building on conversation at our July meeting, but attendance then is not required. We’ll start planning some service, fellowship, and learning opportunities for LIFT in the months ahead. Please RSVP to Pastor Paul Bailie.
Annual Meeting Ready to Go
Reminder that our Annual Meeting is this Sunday, January 29, beginning at 9:00 am. You can find links to both the Annual Report and the Zoom meeting in the current issue of Just Three Things, which you can see HERE.
Civic Life and Faith Curriculum
How are we as Lutheran Christians called to civic engagement, including in the arenas of government and political life? What is the proper relationship of the church with government, and what is not? What does religious liberty actually include? What are our scriptural and confessional resources for probing such questions about civic life? A study curriculum has just been released by the ELCA Task Force for Studies on Civic Life and Faith which includes six sessions and is a critical step on the way to the social statement called for by the 2019 Churchwide Assembly. You can find out more about the curriculum HERE.
LIFT Notes, Including Lenten Devotional Plans
You can read the latest issue of LIFT Notes HERE. Be sure to scroll down and read about Pr. Paul's plans to create a Lenten Devotional entitled "Sing With All the Saints in Glory. Submissions are due on February 15.
The Osterholm Update - Covid-19
Episode 123: Nowhere Land
January 26, 2023
In "Nowhere Land," Dr. Osterholm and Chris Dall discuss the state of the pandemic in the U.S. and around the world, the latest data on the XBB.1.5 subvariant, and a measles outbreak in Ohio. Dr. Osterholm also answers a COVID query about COVID deaths, provides an update on influenza and RSV, and comments on the new strain of antibiotic resistant gonorrhea that was recently detected in Massachusetts.. You can stream or download the episode HERE.
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