Using the Kentucky Baptist Foundation to accomplish your estate stewardship objectives can benefit both you and the Baptist causes you wish to support.
The Kentucky Baptist Foundation is the trust agency of the Kentucky Baptist Convention. It can receive lifetime gifts and/or gifts at death for the support of all Kentucky Baptist and Southern Baptist causes. The Foundation, as a “member of the family”, has a special appreciation and affection for the mission and ministry of the causes that will be supported through your gifts. This connection assures you, as the giver, the Foundation has each cause’s best interests in mind as it manages the gifts made for that cause’s benefit.
Many givers want to benefit more than one cause and realize that dividing their gift may result in lower total support. A single fund can be set up with the Kentucky Baptist Foundation to provide support to more than one Baptist cause. This can result in more consistent levels of support for all----each cause will have the benefit of the same level of competent investment management oversight services and the economies of centralized fund management.
Making the Kentucky Baptist Foundation the manager of your gift assures the causes you want to support are left to do what they were called to do---missions, Christian education, child care, evangelism, disaster relief, etc. You relieve their board, trustees and/or staff from day-to-day investment research, analysis, decision-making, transacting and reporting, and place those responsibilities with the organization whose mission is to provide competent, prudent financial management for the causes designated by its donors.
Let us help you discover how you can practice your financial stewardship at a deeper level.
The information in this article is provided as general information and is not intended as legal or tax advice. For advice and assistance in specific cases, you should seek the advice of an attorney or other professional adviser.