In May, the Synod was blessed by the Lord to finally retire all of its historic external debt. Millions and millions of dollars owed, accumulating over many years, is no more. This shows tremendous leadership by President Harrison, by the Synod Board of Directors and Chairman Rev. Dr. Michael Kumm, and by many others heavily involved in working towards this goal throughout the past several years.
“For the first time in many decades, perhaps in a century, the LCMS has no external debt,” said LCMS President Rev. Dr. Matthew C. Harrison. “During our tenure, God has blessed us richly. We began nine years ago owing $21 million, and now we owe nothing.”
“This is a milestone achievement,” said BOD Chairman Rev. Dr. Michael L. Kumm, “because paying off the historic debt will free up millions of dollars in mission and ministry funds for years to come.
Be sure to read the whole story about God’s blessing the Synod with retiring this substantial debt.