Stewardship Grants History: Over its twenty-two year history, the Our Savior’s Lutheran Church Foundation (OSLC Foundation or Foundation) has awarded almost $125,000 in grants to individuals and organizations. Examples include: awarding college and camp scholarships; supporting local school back-pack programs; replacing the roof of our sister church in Haiti and funding other international mission projects; grants to organizations that serve at-risk families, foster children, immigrants and veterans; contributing to counseling services, and providing funds and personal support to women in recovery wanting to complete their GEDs or attend college. Imagine how your gift and vision can help a ministry that impassions you!
Investment and Spending Policy: The Foundation utilizes an Investment and Spending Policy that is designed to preserve the purchasing power of the assets entrusted to it by the donors and to provide a reliable annual investment yield for making grants. The Investment Policy seeks to achieve maximum investment performance over the long term while taking a reasonable amount of risk. Assets are allocated to domestic and international equities together with fixed income investments mostly managed by select mutual funds. The Spending Policy is structured to provide a reliable flow of dollars for making grants to the ministries for which the endowments and trusts were established. To accomplish that, the Foundation seeks to spend four percent (4%) of the average trailing four-year market value of each separate fund. Summary investment performance: The Foundation uses a custom benchmark for performance expectation which is the sum of the prevailing rate of inflation plus the 4% spending rate thus preserving the purchasing power of each endowment fund. The goal is to earn ‘real’ investment growth in the fund over a market cycle of three to seven years. Assets are mostly managed by select mutual funds. The following chart demonstrates summary investment performance since inception, which includes more than two market cycles.