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You want to provide on-going support to one or more Baptist causes > You want your gift fund to receive the most efficient finacial management possible > You want your gift to return tax savings to you
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Do you so believe in certain Baptist or Christian causes that you'd like to be able to support them in perpetuity? It's possible -- through an Endowment Fund with the Kentucky Baptist Foundation. An endowment fund is a permanent, perpetual fund managed by the Foundation that will keep on giving to your favorite causes until the Lord returns. How? Only a portion of the earnings of your endowment fund will be paid out annually; the principal is never distributed.
You can create an endowment fund during your lifetime through one or more gifts of cash, securities, real estate or other assets. A gift at your death, through a bequest, life insurance designation, retirement fund or IRA distribution, may also establish or make a final contribution to an endowment fund.
Consider the following factors when you create an endowment fund:
- Which organizations will receive income distributions, and the share each is to receive;
- How benefited organizations are to use distributions;
- Target principal balance to be reached before distributions begin;
- What to name your fund.
In most cases, an endowment fund is not intended to replace annual budget giving to the organizations you support. Rather, it is a resource that gives them long-term financial strength and stability.
If you are considering creating 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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