Endowments Make an Impact
Often times, church members would like to
make a special gift to the church but aren't sure how. The
Foundation can assist you in setting up an endowment to meet this
need. There are also other church agreements that can be established
to aid church maintenance, church building needs and cemetery upkeep.
The Baptist Foundation of Alabama will be
happy to assist the local church to develop and implement a ministry of
estate stewardship. This process consists of the following key
Meet with church leadership
in the discovery process.
Draft the following administrative
documents for the local church:
Gift Acceptance Policy
outlining those key areas the church desires its members to
give. These are usually missions, scholarship, and facility
upkeep and maintenance. It spells out that if a direct gift is
made to the church, the process has already been determined
whether the church will use all at once or place to its
Endowment or Foundation Fund
Resolution: determines how this oversight group is
selected and functions within the church.
Endowment Agreement or
Foundation Fund Agreement: This document established a
fund under The Baptist Foundation’s 501 (c)3 nonprofit umbrella.
This also gives the local church access to the professionally
managed Institutional Investment Management program. This fund
is portable meaning you are free to move from TBFA should your
church so desire. Our goal is to help God’s people create
“Kingdom” impacting gifts.
Investment and Spending
Policy: This document is determined by the local church
setting the parameters for how funds are invested and how they
will be used in ministry.
During the planning
process we will assist the local church determine how best to launch
this important ministry to their congregation. We emphasize to the
church this is a biblically based ministry – not a program. The
focus of this ministry is on helping the local church grow faithful
givers. Studies have shown that on average it takes about three
years for a church to implement and cultivate a ministry for it to
then become a part of the educational fabric of the church.
For The Foundation, this is a long term ministry commitment to
partner with the local church. We recognize that people will be
ready to plan their estates at different times in their lives. The
Foundation has several options for this portion of the process
including the following:
A web based product providing training
materials for church leadership and materials for leading
internal sessions to church membership. The site also instructs
church members on estate stewardship and leads them toward
making a decision to plan their estate through the eyes of a
Several levels of ongoing and onsite
planning meetings for private one on one sessions with church
membership. No products are sold during any part of this
ministry. This ministry initiative is strictly a biblically
based educational event leading the member toward a full
understanding on planning the estate as an act of stewardship.
Each local church is unique and this
ministry is customizable to fit the need of the local church.
Please give us a call and we can discuss
your different options and give advice on different guidelines for
the church to follow.
TBFA Office of Development
Rodney Bledsoe can discuss with you the different endowment and/or
church agreements available to your through The Foundation.
J. Rodney Bledsoe
Legal and Administrative Officer
Administrative Assistant for Development