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.
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
Expenditure by department
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.
