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Thrivent Financial Commits $2.2 Million to Twin Cities Nonprofits.

Business Editors

MINNEAPOLIS--(BUSINESS WIRE)--June 4, 2003

Community grants address health and human services,

arts, culture, education and youth

Thrivent Financial for Lutherans today announced it has committed $2.2 million to Twin Cities' nonprofit organizations in 2003 as part of its Corporate Citizenship program.

Thus far in 2003, Thrivent Financial has distributed $645,000 of the $2.2 million through community grants to 93 Twin Cities' nonprofit organizations. Thrivent Financial community grants typically range in size from $1,000 to $25,000 and address a wide array of community needs, including health and human services, the arts, culture, education and youth. In addition, Thrivent Financial has committed approximately $300,000 of the $2.2 million to support employee contributions to the Greater Twin Cities United Way and the Lutheran Community Foundation.

"Thrivent Financial is committed to the health and vitality of the Metro area," said Bruce Nicholson, president and CEO of Thrivent Financial. "Nonprofit organizations in our community provide services essential to maintaining the Twin Cities' high quality of life, and Thrivent Financial is pleased to support their efforts through our community grants."

Of the $645,000 already distributed, $252,000 has gone to 42 nonprofits that address health and human service needs, including affordable housing, community and family needs, self-sufficiency and disability needs. Grant recipients in this category include Memorial Blood Centers of Minnesota, Project Pride for Living, Greater Minneapolis Crisis Nursery, Opportunity Partners and the Lyngblomsten Foundation, among others.

Thrivent Financial also has provided $199,000 so far this year to 25 nonprofits benefiting the arts and culture. These grants support professional and educational theaters, cultural and historical organizations, dance groups, orchestras and public broadcast groups. Recipients include Penumbra Theatre, WCAL Public Radio, American Swedish Institute, Children's Museum, Minnesota Historical Society and In the Heart of the Beast Puppet and Mask Theatre, among others.

Thrivent Financial's 26 community grants for education and youth have totaled $194,000 to date in 2003. These grants benefited individuals ranging in age from grade school to adults and advance student literacy, leadership skills, business knowledge, character development, Christian fellowship, service skills and academic development. Grant recipients include the Boys and Girls Club of the Twin Cities, BestPrep, Minnesota Private College Fund, Minnesota Fellowship of Christian Athletes, Folwell Middle School and Kinship of Greater Minneapolis, among others.

Thrivent Financial's community grants are awarded by committees made up of employee volunteers with an interest and expertise in specific community needs. "The Twin Cities is fortunate to have a vibrant, innovative nonprofit community that is working every day to meet the varied needs of the Metro area," said John Wollner, director of Corporate Relations for Thrivent Financial. "Thrivent Financial has long been a supporter of Twin Cities' nonprofits, and we view this support as part of our own corporate mission to build financial security, wellness and caring for our members and their communities."

In addition to Thrivent Financial's commitment of $2.2 million to Twin Cities nonprofits, the organization maintains a separate grant program for Appleton, Wis.-area nonprofits. Thrivent Financial also sponsors a $2.6 million gift-matching program for its Twin Cities and Appleton employees and for its financial associates and retirees across the nation.

Thrivent Financial for Lutherans is a not-for-profit Fortune 500 financial services organization helping nearly 3 million members achieve their financial goals. Thrivent Financial offers a wide range of financial solutions and has $57 billion (March 31, 2003) in assets under management. Thrivent Financial for Lutherans and its members provide approximately $200 million annually for outreach programs and activities that support congregations, schools, charitable organizations and needy individuals. For more information, visit www.thrivent.com.
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Publication:Business Wire
Date:Jun 4, 2003
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