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You’re considering a gift that will
provide on-going support to one or more Baptist causes >
You want to save income and capital gains taxes or estate
taxes
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An endowment fund is a permanent, perpetual fund
established to provide support to one or more Baptist and other
Christian causes of your choosing. It provides you the opportunity
to create a fund that will keep on giving until the Lord returns
because only the earnings of the endowment fund are paid to the
causes you designate; the original value of your gifts to the endowment
are never distributed.
An endowment fund is not a vehicle to replace
annual budget giving to the organization. It is an additional financial
resource that can provide long-term financial strength and stability
to the organizations designated to receive distributions from the
endowment fund.
An endowment fund can be established during life
through a single gift of cash, securities, real estate or other
assets or by making regular additions to the fund over your lifetime.
Gifts at death (bequests, life insurance designations, retirement
fund and IRA distributions, etc.) may also be used to establish,
or to make a final contribution to, an endowment fund.
Factors to consider when creating an endowment
fund include:
• Name of the fund
• Which organizations will receive distributions and the share
each is to receive
• Purpose of fund – how are benefiting organizations to
use distributions
• Target balance to be reached before distributions begin
If you are considering an Endowment Fund, email
us, complete the personal illustration
form, or call us at 502-489-3533 so that we can assist you through
every step of the process.
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