Annual Report
For the fiscal year July 1, 2023 – June 30, 2024
Mission Statement
Under God, the MLS Foundation nurtures relationships and encourages support to advance the mission of MLS of preparing young people for a lifetime of service to the Lord Jesus Christ.
The MLS Foundation was established in 2001 and the affairs of the foundation are managed by a volunteer board of directors.
To carry out its mission, the MLS Foundation:
- Gives knowledgeable planned giving support to donors
- Provides various giving opportunities for student assistance, special projects, scholarships, and long-term endowment funds
- Works to build, maintain, and value the Seminary Family spirit
A Message from the Foundation President
We praise the Lord that he has continued to bless the efforts of the Michigan Lutheran Seminary Foundation, and we thank Him for the continued blessing of being able to work with all of you!
The Lord blesses MLS with alumni, family, and friends who are passionate about the mission of MLS. With your continued support, we were able to provide many opportunities to bring us together such as the Homecoming Tailgate Party, class reunions, the Cardinal Classic Golf Outing, and the Dinner & Auction.
During this past fiscal year, the MLS Foundation supported students of MLS with over $100,000 in financial assistance and over $22,000 for MLS graduates continuing their ministerial education at Martin Luther College.
We are continuing our efforts to retire the debt from the Big Backyard project and look forward to the next project.
The foundation also provided grants for classroom equipment, athletic uniforms and equipment, strategic planning support, and on-campus events such as Arbor Day.
So many blessings!
As we look forward, I am personally very thankful and excited for the opportunity to continue to partner with you all in our support of MLS. Please continue to keep MLS, its students, faculty, and staff in your prayers. It is an awesome place!
Mike Scharrer
A Message from the Donor Relations Director
As I reflect on this past year, I am filled with gratitude for the unwavering support and commitment to our mission. It is through your generous contributions of time, talent, and treasure that we continue to provide much-needed support to Michigan Lutheran Seminary.
This year has been one of significant progress and achievement. Our foundation has been able to support numerous initiatives that directly impact the educational experiences and spiritual growth of the students at MLS.
Highlights of this year include:
- Scholarship Fund Expansion: We have grown our endowed scholarships. These scholarships provide current students with financial aid to help reduce the cost of their education and give graduating students funding to attend Martin Luther College.
- Campus Footprint Expansion: The foundation now owns six properties. Holding these properties will allow for flexibility or expansion if and when the time comes. In the meantime we are renting the homes to provide an additional revenue stream for the foundation.
- Student Assistance: By the grace of God, we were again able to provide MLS families with over $100,000 in financial assistance. These funds are crucial in helping families keep their children enrolled at MLS.
- Event Growth and Expansion: This past year we saw continued growth in attendance and funds raised at our annual events. We are always looking to improve or add events that bring the Seminary Family together. Please visit mls-foundation/events to find out more about events coming up next year.
None of these accomplishments would be possible without your steadfast support. We pray that you continue to partner with us as we continue to expand our reach. Thank you again for your generous support! May God bless MLS!
Josh Wakefield
Board of Directors
President
Mike Scharrer (MLS ’98)Outgoing Vice President and Board of Control Liaison
Mark Eubank (MLS ’71)Treasurer
Lee Miller (MLS ’88)Secretary
Mike Wiltse (MLS ’86)Finance Committee
Co-Chairs
Ron Schreiner
Barb Schreiner (MLS ’77)Events Committee
Co-Chairs
David Eddy (MLS ’90)
Kelly Eddy (MLS ’93)Relations Committee
Co-Chairs
George Barrett
Julie BarrettCommunications Committee
Co-Chairs
Rev. Jason Baldwin (MLS ’91)
Jodie Baldwin
MLS Foundation Staff
Donor Relations Director
Joshua Wakefield (MLS ’96)Administrative Assistant
Erin Smith (MLS ’98)Administrative Assistant
Kim Korthals (MLS ’95)
Projects
The MLS Foundation is still paying on the loan from the Big Backyard capital improvement project. Join us for HOMECOMING to check it out!
Gifts
Thanks to the generosity of our donors, the MLS Foundation was able to provide over $141,967 in support for grants, scholarships, financial aid, and other support for MLS!
Events
The foundation hosted several events during the year, including the Dinner & Auction and the Cardinal Classic golf outing. Make plans to join us at these fun events!
Volunteers
Over 15 people volunteered their time to help with foundation events and programs during the fiscal year, resulting in over 300 hours of support! Thank you for your willingness to help.
Gifts
The MLS Foundation was blessed with over 1,070 gifts during this past fiscal year from donors in 27 states – represented in red on the map.
Gifts to MLS, 2023-2024 (Total $141,967.60)
Gift Designations, 2023-2024 (Total $362,402.37)
This unaudited summary was prepared on July 17, 2024.
Funds Held by the MLS Foundation
- Greatest Need
- Gifts to the greatest need allow the MLS Foundation Board of Directors to help where help is needed most. Whether for operating expenses, grant requests from MLS and other WELS organizations, or to help in many other areas – your support for the greatest need is appreciated.
- Student Need
- Gifts to the Student Need fund provide financial assistance to students attending Michigan Lutheran Seminary at the discretion of the Board of Directors.
- Our annual “Light Up a Student’s Life” campaign encourages support to this fund with the lighting of a Christmas tree in honor of and in memory of special individuals.
- Annual distributions from the Alumni & Friends Student Tuition Endowment also support the Student Need Fund.
- Long-term Endowment
- Gifts to the general endowment fund are invested under the guidance of the Finance Committee and Board of Directors. Annual distributions from the endowment funds help support financial aid, scholarships, projects, faculty & staff grant requests, and many other areas of interest.
- Capital Improvement
- Gifts toward capital improvement help fund a variety of projects at the foundation and Michigan Lutheran Seminary. Our current project is paying off the debt undertaken to improve the Big Backyard area and consolidate/update office spaces on campus.
- Scholarships are helping graduating seniors attend MLC this fall. Scholarships were distributed from the following funds:
- Chuck Beach Endowed Scholarship
- Roland & Esther Bode Memorial Endowed Scholarship
- Rev. John & Ruth Brenner Memorial Endowed Scholarship
- James Frohmader Memorial Endowed Scholarship
- Maxine L. Hensler Memorial Fund
- Dir. O. J. R. Hoenecke Memorial Endowed Presidential Scholarship
- Rev. W. D. Keturakat Memorial Endowed Scholarship
- Hannah M. Kieta Memorial Endowed Scholarship
- MLMH Rev. Steven Korth Memorial Scholarship
- MLS Foundation Endowed Scholarship
- Susan M. Post Memorial Endowed Scholarship
- Presidential Scholarship – O. J. R. Hoenecke Memorial
- Presidential Scholarship – Martin R. Toepel Memorial
- George W. Schmiege Memorial Endowed Scholarship
- Ron & Barb Schreiner Family Scholarship Fund
- Prof. Armin Schultz Memorial Endowed Scholarship
- Lloyd & Edith Thompson Memorial Endowed Scholarship
- Martin R. Toepel Memorial Endowed Presidential Scholarship
- Raymond & Helene Vasold Memorial Donor-Advised Fund
- Fred & Arlene Wenzel Memorial Endowed Scholarship
- Scholarships for current MLS students were awarded from the following funds:
- Alumni & Friends Student Tuition Endowment
- Maxine L. Hensler Memorial Fund
- Kasischke Charitable Fund
- Room 205 Room & Board Endowed Scholarship
- Sola Gratia Fund
- Prof. Meilahn P. Zahn Memorial Endowed Scholarship for the Advancement of Music in Lutheran Worship
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