According to a statement issued, yesterday, by David Strand, the LCMS radio program, Issues, Etc. lost about $250k last year. According to the "Save the LCMS" website they raised over $900k last year. So that makes the budget for Issues, Etc. about $1.2M. We are also told at "Save the LCMS" that the LCMS Foundation was charging Issues, Etc. a 38% fundraising service fee. That would be nearly $350k. That means that synod, through it's various entities actually took in more money than it cost to produce and broadcast Issues, Etc. This also means that Issues, Etc. was in fact self supporting. So how is the synod actually saving money on this deal?
One note that needs to be made in the form of full disclosure, I have heard through the grape vine from a private source that the 38% service fee charged by the LCMS Foundation may not be accurate. But, if it is not accurate, why hasn't the LCMS Foundation issued a denial. This is a damning fact. If I were at the Foundation, and such a thing was in circulation, and it was not in fact true, I'd be running at full sprint to the nearest microphone, blog site, etc. to get my denial out, like yesterday.