A million dollars never to be spent . . .
13/01/2012
Almost a million dollars was given to the LLL Permanent Funds in the last financial year – and it will never be spent!
It will be lent out and repaid – but not spent.
In the financial year ending 30 June, 2011, $308,509 was donated and $646,454 was left in legacies to the LLL by a wonderful collection of people. These people were able to choose an aspect of the work of the church that would benefit, and now a multitude of ministries will be blessed.
These donations and legacies were added to the LLL Permanent Funds. There are 11 Permanent Funds and they support ministries of the Lutheran Church of Australia. Most of the Permanent Funds provide a direct benefit to something specific like youth or lay ministry, overseas or home mission.
With the LLL Permanent Funds, the LLL gives a grant of 5% every year to the nominated projects based on the amount in the fund. There are no administration costs - because once the people have given their gift the project is blessed every year in perpetuity with the grant.
Please consider making a donation or leaving a legacy to the LLL. You can choose more than one ministry, and no matter which ministry you wish to support, there is an LLL Permanent Fund to suit.