Thrivent Financial For Lutherans
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Thrivent Financial For Lutherans
Thrivent ( ) is a US Fortune 500 not-for-profit financial services organization headquartered in Minneapolis, Minnesota, and Appleton, Wisconsin, and founded by Lutherans. As a member-owned fraternal benefit society, it operates under a chapter system, serving nearly 2.3 million members. Operating through its local chapters nationwide, Thrivent and its subsidiaries offer financial products and services including life insurance, annuities, mutual funds, disability income insurance, credit union products, money management, brokerage services, and retirement planning. The organization and its members provide volunteer services to charitable organizations and schools. For example, Thrivent members reportedly volunteered more than 8.6 million hours in 2013 and contributed $182.7 million in that year to organizations and activities that aim to strengthen families and communities. In June 2013, members voted to allow non-Lutheran Christians to join, and in March 2014 the marketi ...
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Non-profit Organization
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without securing tax-exempt status. Key aspects of nonprofits are accountability, trustworthiness, honesty, and openness to eve ...
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Usury
Usury () is the practice of making unethical or immoral monetary loans that unfairly enrich the lender. The term may be used in a moral sense—condemning taking advantage of others' misfortunes—or in a legal sense, where an interest rate is charged in excess of the maximum rate that is allowed by law. A loan may be considered usurious because of excessive or abusive interest rates or other factors defined by the laws of a state. Someone who practices usury can be called a ''usurer'', but in modern colloquial English may be called a ''loan shark''. In many historical societies including ancient Christian, Jewish, and Islamic societies, usury meant the charging of interest of any kind, and was considered wrong, or was made illegal. During the Sutra period in India (7th to 2nd centuries BC) there were laws prohibiting the highest castes from practicing usury. Similar condemnations are found in religious texts from Buddhism, Judaism (''Loans and interest in Judaism, ribbit'' in He ...
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Faith Life
FaithLife Financial, formerly the Lutheran Life Insurance Society of Canada, is a Christian fraternal benefit society which provides insurance and investment services to its members. Originally established to serve the Lutheran community, membership eligibility was expanded to all Christians in 2004. History FaithLife Financial is a Fraternal Benefit Society and was founded in 1972, as Lutheran Life Insurance Society of Canada. The Society was sponsored by two competing American fraternal societies: Aid Association for Lutherans and Lutheran Brotherhood both of which had been operating in Canada since the late 1920s. The Canadian government granted Letters Patent (petition signing shown above) on June 28, 1972, to formally create Lutheran Life Insurance Society (the "Society"). On July 21, 1972, the Board of Directors enacted Bylaw Number One, which regulates the operation of Lutheran Life. The Society began operations on January 2, 1973, from its Head Office on the 12th floor ...
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Minneapolis
Minneapolis () is the largest city in Minnesota, United States, and the county seat of Hennepin County. The city is abundant in water, with thirteen lakes, wetlands, the Mississippi River, creeks and waterfalls. Minneapolis has its origins in timber and as the flour milling capital of the world. It occupies both banks of the Mississippi River and adjoins Saint Paul, the state capital of Minnesota. Prior to European settlement, the site of Minneapolis was inhabited by Dakota people. The settlement was founded along Saint Anthony Falls on a section of land north of Fort Snelling; its growth is attributed to its proximity to the fort and the falls providing power for industrial activity. , the city has an estimated 425,336 inhabitants. It is the most populous city in the state and the 46th-most-populous city in the United States. Minneapolis, Saint Paul and the surrounding area are collectively known as the Twin Cities. Minneapolis has one of the most extensive public par ...
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Iowa
Iowa () is a state in the Midwestern region of the United States, bordered by the Mississippi River to the east and the Missouri River and Big Sioux River to the west. It is bordered by six states: Wisconsin to the northeast, Illinois to the east and southeast, Missouri to the south, Nebraska to the west, South Dakota to the northwest, and Minnesota to the north. During the 18th and early 19th centuries, Iowa was a part of French Louisiana and Spanish Louisiana; its state flag is patterned after the flag of France. After the Louisiana Purchase, people laid the foundation for an agriculture-based economy in the heart of the Corn Belt. In the latter half of the 20th century, Iowa's agricultural economy transitioned to a diversified economy of advanced manufacturing, processing, financial services, information technology, biotechnology, and green energy production. Iowa is the 26th most extensive in total area and the 31st most populous of the 50 U.S. states, with a populat ...
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Des Moines
Des Moines () is the capital and the most populous city in the U.S. state of Iowa. It is also the county seat of Polk County. A small part of the city extends into Warren County. It was incorporated on September 22, 1851, as Fort Des Moines, which was shortened to "Des Moines" in 1857. It is located on, and named after, the Des Moines River, which likely was adapted from the early French name, ''Rivière des Moines,'' meaning "River of the Monks". The city's population was 214,133 as of the 2020 census. The six-county metropolitan area is ranked 83rd in terms of population in the United States with 699,292 residents according to the 2019 estimate by the United States Census Bureau, and is the largest metropolitan area fully located within the state. Des Moines is a major center of the US insurance industry and has a sizable financial services and publishing business base. The city was credited as the "number one spot for U.S. insurance companies" in a ''Business Wire'' arti ...
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Not-for-profit
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without securing tax-exempt status. Key aspects of nonprofits are accountability, trustworthiness, honesty, and openness to eve ...
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Insurance Commissioner
An insurance commissioner (or commissioner of insurance) is a public official in the executive branch of a state or territory in the United States who, along with his or her office, regulate the insurance industry. The powers granted to the office of an insurance commissioner differ in each state. The office of an insurance commissioner is established either by the state constitution or by statute. While most insurance commissioners are appointed, in some jurisdictions they are elected. The office of the insurance commissioner may be part of a larger regulatory agency, or an autonomous department. Insurance law and regulation is established individually by each state. In order to better coordinate insurance regulation among the states and territories, insurance commissioners are members of the National Association of Insurance Commissioners The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and gove ...
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Evangelical Lutheran Church (United States)
The Evangelical Lutheran Church (ELC) was a Lutheran denomination that existed from 1917, when it was founded as the Norwegian Lutheran Church of America (NLCA), until 1960, when it joined two other church bodies to form the second American Lutheran Church. In 1959, just before its merger into the ALC, the ELC had 2,242 pastors, 2,482 congregations, and 1,125,867 members. Background The Norwegian Lutheran Church of America was formed by the merger of the Hauge Synod (est. 1876), the Norwegian Synod (est. 1853), and the United Norwegian Lutheran Church of America (est. 1890). The NLCA changed its name to the Evangelical Lutheran Church (ELC) in 1946 as part of its Americanization process. In 1960, the ELC joined with Lutheran churches of German and Danish backgrounds to form The American Lutheran Church, the first Lutheran body in North America to have multiple ethnic backgrounds. This coalescence of Lutheran churches continued into recent times, with the ALC later joining other ...
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National Center For Voluntary Action
The National Center for Voluntary Action was an independent, private, non-profit organization that existed in the 1970s, and then extended on in merged forms, that sought to encourage volunteerism on the part of American citizens and organizations, assist in program development for voluntary efforts, and sought to make voluntary action an important force in American society. The organization had its origins in 1969, the first year of the Nixon administration, when the Cabinet Committee on Voluntary Action was put into place. Led by United States Secretary of Housing and Urban Development George W. Romney, a study performed by this committee found a need for a national, non-governmental organization. Hence came the National Center for Voluntary Action, created in 1970 by executive order of the president. At its first meeting on February 20, 1970, Romney stressed the value of voluntary action as the "fourth way" of solving problems (along with the federal government, state and loc ...
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Philanthropy
Philanthropy is a form of altruism that consists of "private initiatives, for the Public good (economics), public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material gain; and with government endeavors, which are public initiatives for public good, notably focusing on provision of public services. A person who practices philanthropy is a List of philanthropists, philanthropist. Etymology The word ''philanthropy'' comes , from ''phil''- "love, fond of" and ''anthrōpos'' "humankind, mankind". In the second century AD, Plutarch used the Greek concept of ''philanthrôpía'' to describe superior human beings. During the Middle Ages, ''philanthrôpía'' was superseded in Europe by the Christian theology, Christian cardinal virtue, virtue of ''charity'' (Latin: ''caritas''); selfless love, valued for salvation and escape from purgatory. Thomas Aquinas held that "the habit of charity ...
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