Financial Accountability

In 2016, 88% of The Lutheran World Federation's total operating expenses were used for programs and projects that benefited directly people in need and member churches carrying out their holistic mission, building relationships with each other, proclaiming the gospel, advocating for justice and peace, and working with and for those in need.

LWF Financials

In 2016, LWF total income increased to EUR 151m, some 5% or EUR 7m over the previous year income of EUR 145m. In 2016, the LWF spent EUR 142 million to implement its strategic priorities. The overall annual expenditure grew from EUR 137 million in 2015 to EUR 142 million in 2016, representing a 4% increase in program expenditures.

This increase has been driven mainly by increased funding designated for LWF’s humanitarian response, revenue from expanded patient services provided by the Augusta Victoria Hospital in Jerusalem, and additional funding for theological work.

Income by source

 

Expenditure by department

Stewardship

The LWF is committed to responsible and accountable Christian stewardship in managing the funds entrusted to it. Assets are invested according to ethical and social criteria. We pledge accountability in the use of membership fees. We seek unrestricted revenue sources alongside on-going fundraising. We work towards a budget and operational plan that is balanced and sustainable.

Management and Control

The LWF operates in many difficult countries and is exposed to various financial risks that could adversely affect our financial results and performance. Risks are managed through an internal control system as per Swiss regulations.

 

Auditor's report 2016 - summary

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LWF Endowment Fund

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Our Endowment Fund provides extra support for LWF activities over the long-term.

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