Q.What restrictions does Lutheran Legacy Foundation place on grant distributions?
A. There are no restrictions except that a distribution must be made to a charitable entity.
Q. Under what circumstances may the organization request return of the assets?
A. There are three circumstances under which an organization may request a return of invested funds:
- Financial emergency
- Capital construction project requiring additional funding
- Prolonged dissatisfaction with earnings of invested funds
Q. How do we request a Lutheran Legacy Foundation Acceleration Grant through the Werner Fund?
A.More information about our matching grant gift program can be found here.
Q. What type of safeguards do you have to protect investors’ assets in the event LLF goes bankrupt (e.g., the Securities Investor Protection Corporation [SIPC])? If you are an SIPC member, do you also carry excess coverage?
A. Lutheran Legacy Foundation assets are held at LPL Financial, which is a member firm of SIPC. LPL Financial also offers additional account protection beyond SIPC’s limit, commonly referred to as “Excess SIPC.” Our Managers, Marks Group Wealth Management and Alpha Investment Consulting Group are both Registered Investment Advisors and both carry Errors & Omissions Insurance. In addition, Lutheran Legacy Foundation carries its own professional liability and E&O Insurance.
Q. Does Lutheran Legacy Foundation have online account access?
A. Yes, monthly reports are available online. If you have an account you can login here.