Sherry Engebretsen Memorial Fund Established to Support College Scholarships and Other Charities

Business Wire, August 3, 2007

Thrivent Financial for Lutherans Foundation to match gifts up to $100,000

MINNEAPOLIS -- Thrivent Financial for Lutherans Foundation announced today that it has established a memorial fund to honor Sherry Engebretsen, a Thrivent Financial employee who was a victim of the Interstate 35W bridge collapse. Thrivent Financial will match gifts dollar-for-dollar to the fund up to $100,000.

As directed by the Engebretsen family, the fund will be used to support scholarships to private colleges and other charities that were important to Sherry. Contributions to the fund will support these causes alone and will not be used to help the Engebretsen family directly.

"We cannot undo the heartache brought to the Engebretsen family, the Thrivent family and to our community by the collapse of the Interstate 35W bridge," said Bruce Nicholson, chairman, president and CEO of Thrivent Financial for Lutherans. "Still, it is our hope that the Sherry Engebretsen Memorial Fund will remind the community of our ongoing need to care for others and to live with passion and purpose, as Sherry did."

Donors wishing to contribute to The Sherry Engebretsen Memorial Fund should send their checks to:

         The Sherry Engebretsen Memorial Fund
         Thrivent Financial Bank
         Suite 200
         625 Fourth Ave. So.
         Minneapolis, MN 55415

Donations may also be made via electronic funds transfer or credit card (VISA/MasterCard/Discover) at www.thrivent.com/Engebretsen.>

Engebretsen, age 60, first joined Thrivent Financial as an independent contractor in February 2003 and was hired by the organization as director of product implementation on Oct. 13, 2003. She later transferred to become leader of distribution strategies in October 2006. During her four-and-a-half years with Thrivent Financial, she was noted by her colleagues for her common sense, good humor and generous spirit.

About the Thrivent Financial for Lutherans Foundation

The Thrivent Financial for Lutherans Foundation is a private foundation funded by Thrivent Financial for Lutherans. As a 501(c)(3) organization with its own board of trustees, the foundation is organized and operated exclusively for charitable, religious, scientific, literary and educational purposes and makes grants and gifts to 501(c)(3) exempt organizations. The foundation does not provide grants to individuals. To learn more about the foundation and its programs, visit: www.thrivent.com/foundations.> About Thrivent Financial for Lutherans

Thrivent Financial for Lutherans is a Fortune 500 financial services membership organization helping nearly 3 million members achieve their financial goals and give back to their communities. Thrivent Financial and its affiliates offer a broad range of financial products and services including life insurance, annuities, mutual funds, disability income insurance, bank products and more. As a not-for-profit organization, Thrivent Financial sponsors national outreach programs and activities that support congregations, schools, charitable organizations and individuals in need. For more information, visit www.thrivent.com.

Securities offered through Thrivent Investment Management Inc., 625 Fourth Ave. South, Minneapolis, MN 55415-1665, 800-THRIVENT (800-847-4836) a wholly owned subsidiary of Thrivent Financial for Lutherans. Member NASD. Member SIPC.