Financial Accountability

In 2018, the Lutheran World Federation spent 93% of its total operating expenses for programs and projects that benefited directly to people in need, as well as to 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.

Financial Accountabiliy - Expenditure 2018

 

Donations and Payments

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LWF Finances

In 2018, the total LWF income decreased to EUR 150m, showing a lower income of EUR 16, compared to the previous year.

The LWF spent 146m, managing to keep its Management and General expenses at a similar level, and increasing its Program and Project expenses by 1%, to 93%.

Income by source

2018 Income by Source

Expenditure by department

2018 Expenditure by Department

 

Consolidated Results in 2018

Consolidated Results in 2018

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 2018 - summary

LWF Endowment Fund

Help ensure a strong financial future for the LWF.

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

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