Westwood Lutheran Memorial Foundation

The Westwood Lutheran Memorial Foundation is a U.S. nonprofit organization established in July 1973 by members of Westwood Lutheran Church. It was chartered as a separate nonprofit entity under the laws of Minnesota to support the mission of Westwood Lutheran Church beyond its operational needs.

Mission

The foundation's mission is to positively impact people's lives by enriching and supporting the ministries of Westwood Lutheran Church. It achieves this by fostering legacy gifts that enhance the church's programming, mission, and outreach efforts.

Structure and Operations

The Westwood Lutheran Memorial Foundation is governed by a board of directors, typically comprising members of Westwood Lutheran Church, who serve terms of four years. The board oversees the fiduciary responsibilities, including prudent investment decisions to grow and preserve gifts. The earnings from these investments are disbursed in the form of grants that align with the intentions of the original donors.

Role in Supporting Westwood Lutheran Church

The foundation plays a crucial role in expanding Westwood Lutheran Church's capabilities beyond its regular operating budget. By providing grants, it enables the church to venture into new areas of ministry and community outreach. Donors can direct their gifts to specific areas of interest, supporting various aspects of church life and community engagement.

Legal Status

The Westwood Lutheran Memorial Foundation is a 501(c)(3) organization, which allows donors to receive tax benefits for their contributions. This status supports the foundation's ability to accept and manage charitable donations effectively.

Tax Information

The foundation's Employer Identification Number (EIN) is 23-7312531. This identifier is essential for tax purposes and is used in documentation related to donations and financial reporting.