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Celebrating Twenty-Five Years Together In Christ
Warwood Lutheran Church Scholarship Fund Report
This scholarship fund was established in February of 1999. It was funded by an initial gift from the closing assets from the former Warwood Lutheran Church, Warwood, West Virginia. The same is true of Newburg Lutheran and a long lost building of Trinity Lutheran near Franklin, West Virginia. The proceeds from Newburg were $4,000 and $1,000 from the sale of Trinity’s building. The purpose of this fund is to provide gifts to Lutheran seminarians from this synod beyond what the synod budget is able to do. For the last number of years gifts are provided for senior seminarians in November as an extra gift. In 2012 two senior seminarians benefited from additional gifts of $800 each. These gifts often pay for tuition in the year provided. As of December 31, 2012 this fund had a balance of 3,141.557 shares or a total value of the Vanguard Balanced Fund of $74,643.39. This is $1,607.03 higher than when 2012 began. With the addition of the money market account this account holds $78,187.64 on Dec. 31, 2012. It is our hope that interest rates will go up and that the dividends declared by this fund will increase. Should this happen then we can be of greater assistance to our seminarians. Respectfully submitted, + Bishop Ralph W. Dunkin