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Westwood Foundation Funds
Westwood Lutheran Memorial Foundation FundsThe heart of the Westwood Lutheran Memorial Foundation is its endowed funding structure. This is where funds are accumulated and disbursed. Two types of funds are distinguished; 1) the Endowment Fund which is supported by all undesignated gifts, and 2) Designated Funds which have been established for a specific purpose. In addition, with a defined minimum gift amount, Named Funds can be established under the Endowment or Designated funds for the purpose of continued recognition or memorializing an individual or individuals.
Each fund has a Caretaker and a Fund Advocate assigned to it. The Caretaker is usually a Westwood staff person who has the greatest insight into the legitimacy of the needs for which the fund was established. Grant requests can be submitted by anyone but are usually made by the Caretaker. The Advocate is a Foundation Director who is a champion for the fund and serves as a liaison between the Caretaker and the Board of Directors. Click for more information about the Designated Funds and for the Endowment Fund. Or, click here for more information about all of the funds.
