LCMS Foundation 1333 S. Kirkwood Road St. Louis, MO 63122-7295 800.325.7912 lcmsfoundation.org

CONGREGATIONAL INVESTMENT AGREEMENT

This is an agreement between [Congregation Name] a member Congregation of the Lutheran Church—Missouri Synod, whose address is [Street Address], [City], [State] (the “Congregation”) and The Lutheran Church—Missouri Synod Foundation, a Missouri not-for-profit corporation, whose address is 1333 South Kirkwood Road, St. Louis, Missouri (the “Foundation”). This agreement governs all investment accounts the Congregation has with the Foundation. Any previous investment account agreements between the Congregation and the Foundation are hereby revoked and replaced with this agreement.

The investment account(s) will be governed by the following terms:

Investment Account. Funds transferred by the Congregation to the Foundation for investment will be placed, by the Foundation, in one or more investment accounts. The account(s) are an asset of the Congregation. They are not a trust. The Foundation will invest, distribute, and manage the account(s) as directed by the Congregation. The Congregation warrants that none of the assets it transfers to the Foundation are held for retirement plans.

Authorized Individuals. The Congregation will provide the Foundation with an authorization form confirming who has been authorized by the Congregation to sign investment agreements, direct investments, and request distributions. The Congregation is responsible for advising the Foundation regarding any changes.

Contact Person. The Congregation may designate one or more Contact Persons. A Contact Person is entitled to all account information but is not authorized to direct investments or request distributions unless he or she is also an Authorized Individual.

Investment. The Congregation will direct how the account(s) are to be invested among the investment options offered by the Foundation. Directions will be in writing and signed by the appropriate Authorized Individuals. Until written directions are received by the Foundation, the Foundation will invest the account(s) in its Money Market Fund. The Congregation acknowledges receipt of the Foundation’s Investment Overview describing the material terms of operation of the investments offered by the Foundation. The Congregation also acknowledges receipt of the Foundation’s most recent Ministry Report.

Additions. The Congregation may add additional funds to the account(s), at any time, provided the assets transferred are acceptable to the Foundation. The Foundation will always accept transfers of cash or publicly traded securities. The Foundation will liquidate transferred securities as soon as possible, unless directed otherwise by the Congregation.

Distributions. The Foundation will make distributions from the account(s) as directed by the Congregation, and the then current policies of the Foundation.

Statements. The Foundation will provide account statements as directed by the Congregation, and the then current policies of the Foundation.

Fees. The Foundation will be entitled to reimbursement of its expenses and compensation for its services per its Schedule of Reimbursement of Expenses in effect at the time the expenses are paid or incurred.

Bond. The Foundation is not required to obtain a bond.

Liability. The Foundation will not be liable for any loss, unless caused by its own bad faith and/or gross negligence.

Assignment. The Congregation is prohibited from assigning, encumbering or otherwise transferring its interests in the investment pools, common funds or any other investment option made by the Foundation under the terms of this agreement, without the written consent of the Foundation.

Termination. This agreement may be terminated, at any time, by either party. Upon termination, the account(s) will be liquidated and the balance returned to the Congregation. If the Congregation ceases to be a part of, or affiliated with, The Lutheran Church—Missouri Synod (the “LCMS”), or loses its tax-exempt status, the account(s) will be terminated and the balance returned to the Congregation.

[Congregation Name], [City], [State]

By:	___

[Name and Title of Authorized Signer]	Date

The Lutheran Church—Missouri Synod Foundation

By:

Tina Clasquin, Senior Vice President	Date

Trust Administration and Support