By: French D. Harmon, Phd
The question I am often asked is, "What does the Kentucky Baptist Foundation do?" My answer is simple, "The KBF funds the Great Commission!" As former KBF President A. M. Vollmer said, "We exist to serve all the rest." The KBF is a fiduciary that serves the churches, agencies, and institutions of the KBC.
I am always thrilled to share that over the last 75 years, the KBF has distributed $203 million to advance the Kingdom of Jesus Christ. Already this year we have distributed nearly four million dollars! This is our mission, our ministry and our passion.
Like all ministries during the COVID-19 pandemic, this has been an uncertain season. But by God's guiding hand and His amazing grace, the KBF has experienced the favor of the Lord. Our assets under management have experienced a complete rebound and continue to grow during this market surge. As of March 31, 2021, our assets under management is now over $230 million. We are beginning to see economic recovery as the United States unemployment rate is declining, vaccinations are increasing and consumer confidence is stabilizing.
This past year…
- During the last few months, the KBF launched our new online giving platform (www.kybaptistfoundation.org/donate) where interested believers can contribute to endowment funds which are already benefitting our agencies, institutions and other ministry partners. We believe this will provide a significant financial impact over time for these ministries. The KBF will continue to be a committed fiduciary for the churches, agencies and institutions of the Kentucky Baptist Convention.
- As president of the KBF, I have connected with many churches by forming the KBF Pastors Council, reorganized our KBF Ambassador Program for laypersons and am setting the groundwork for our Businesspersons Roundtable. We are conducting in-person and virtual presentations for legacy, estate and stewardship training in local churches.
- The KBF also partners with PhilanthroCorp for personal estate planning consultation. This service is available at no cost by a grant from the KBC for every KBC church pastor. Imagine how wonderful it can be for local congregations when church members learn how to “tithe their estate” and discover how their gift can last a lifetime.
KBF in the present…
This article was reposted from Kentucky Today.