WELS Endowments Distribute Funds
This past July WELS Foundation distributed $832,338 for synod ministry from the WELS endowment funds—$372,667 to Ministerial Education and $459,670 to Missions. The WELS endowments are permanent funds that hold $23.5 million at this point and distribute about three to four percent each year depending on investment performance.
Peace in Jesus Vietnamese Lutheran Church, located in Boise, Idaho, is directly funded by the Missions Endowment grant. This congregation has an active Vietnamese ministry that is in the early stages of reaching the lost in their home country of Vietnam. “We pray for the Lord’s continued blessings on this growing mission field,” says Sean Young, WELS director of Missions Operations, “and thank WELS members for their financial support in sharing the gospel with the world.”
Rev. Paul Prange, administrator for Ministerial Education, says of the grant, “When it comes to reducing the educational debt of Martin Luther College graduates, we appreciate the reliable annual distributions from the WELS endowment funds. The gifts there help students every year, which is helpful to the whole synod for the long-term.”