Endowment Fund

Real. Balanced. Life. The Gloria Dei Endowment Fund enables members of our congregation to continue this ministry now and beyond their lifetimes. As God opens doors for serving others and celebrating Christ's love, our Church will need resources to support these opportunities. The Gloria Dei Endowment Fund gives us all a way to provide that support and share God's love.

What is the Endowment Fund?

The congregation of Gloria Dei established the Gloria Dei Endowment Fund (the Fund) in 1989 to enhance the outreach of our Church. The Fund receives gifts and bequests that enable Gloria Dei to support programs beyond what is possible through the annual operating budget of the congregation.

The Fund is separate and distinct from the annual operating budget of the congregation and no fund monies may be used to supplement operating expenses of the congregation.

How will earnings from the Fund be used?

Earnings from the Fund are used to enhance the mission of Gloria Dei by providing financial support for four key purposes:

  • Missions
    New congregations, Foreign Missionaries, ELCA projects, etc.
  • Scholarships
    Seminary Students, College Students, Camperships, etc.
  • Outreach Programs
    Local Programs, Social Service Agencies, etc.
  • Capital Improvements
    Gloria Dei Building and Repair Projects, Equipment Replacement, etc.

Distributions are tracked over a ten-year rolling period to assure equal treatment of each purpose.

What types of gifts can be made to the Fund?

The Endowment Fund can receive many forms of gifts and bequests. A few of the most common gifts are:

Cash & Securities - You may make an outright contribution of cash and securities (stocks/bonds) to the Fund. A cash gift can be made at one time or on a periodic basis. Gifts of appreciated stocks or bonds often provide significant tax advantages for the donor.

Real Estate - Real estate and other items of value may be given in consultation with the Endowment Fund Committee.

Life Insurance - You may consider naming the fund as owner or beneficiary of an existing or newly-purchased life insurance policy.

Charitable Gift Annuity- You may create an annuity to provide income for you or other persons, while gifting the Fund with a sizable amount.

Trust - A trust may be established with assets transferred to the trust and managed by a trustee of your choosing. The Fund could be a beneficiary of trust proceeds.

Will - You may make a bequest to the Fund through your will. This permits you to make a gift to the Church at your death and to determine the nature and extent of your gift.

How is the Fund administered?

The Fund is administered by a five-member Fund Committee elected by the Church congregation. The committee's responsibilities include the management of the Fund and the distribution of earnings.

Assets are invested in diversified, conservative securities. From time to time, some of these may be managed by the Evangelical Lutheran Church of America (ELCA) or private managers.

Earnings are distributed by the Committee to the four purposes noted earlier. The Committee intends to distribute each year a total approximately equal to the earnings realized during that year.

Will memorials to Gloria Dei be placed in the Fund?

Except for regular offerings, gifts designated as "Memorial Fund" or undesignated gifts of under $1,000 go to the Memorial & Special Gifts Fund. They do not become part of the Endowment Fund.

Can I designate how my gift is to be used?

Gifts to the Fund will be distributed according to the four purposes noted earlier. In accordance with the Gloria Dei Gift Policy, if a donor has a desire to designate a significant gift for a special purpose the donor should contact a member of the Endowment Fund Committee or the Senior Pastor to discuss their wishes.

How can I get more information about the Fund?

You can obtain more information and answers to your specific questions by contacting the Senior Pastor through or the Church office at 630-968-6231. They will ask a Committee member to contact you.

At your request, a Fund Committee member will confer with you about making a gift or bequest to the Gloria Dei Endowment Fund. Donors are encouraged to consult their tax advisor when considering a gift and their attorney when preparing or amending their wills or estate plans.

Download the Endowment Application Form for Individuals

Download the Endowment Application Form for Organizations

2018 Gloria Dei Lutheran Church  •  All Rights Reserved  •  4501 Main Street, Downers Grove, IL 60515  •  Phone: (630) 968-6231 Fax: (630) 968-1204  •  info@gloriadeichurch.org