The Mississippi Baptist Foundation | est. 1943 | Psalm 24:1
Planned Giving
What if there were a way that you could further God’s work in your hometown and throughout the world? What if that help could go even beyond your lifetime? It can with planned giving. Many of the blessings we enjoy today are the products of dedication from people in the past. They were committed to leave future generations a rich inheritance on which to build.
It isn’t about having a lot of money. It is about a willing heart and thoughtful planning. There are many ways that we can do our part today to insure money will be available in the future to carry out God’s work.
With planned giving you can conserve your estate’s assets for those you love, including your family and your church. Additional benefits are avoiding capital gains taxes, reducing your current income taxes, reducing federal estate taxes and increasing your current income. But above all that, the most important benefit is furthering God’s work in your lifetime and beyond. What a wonderful legacy to leave to future generations!
With planned giving there are many options, many “tools, from outright gifts of appreciated property to a gift in your Last Will and Testament.
Estate Planning Tools For Giving
You can make a gift to the Mississippi Baptist Foundation and designate it for any or all Baptist causes, from your local church, to the World Hunger fund at the International Mission Board. With your gift to the Baptist Foundation, you will know your gift will be used as you directed until Christ comes again.
By establishing a Trust you authorize a third party to handle your designated assets on behalf of one or more beneficiaries. Through a Trust agreement you can establish your wishes for when and how distributions are made.
A Gift Annuity is a contract in which you irrevocably exchange a gift of cash or securities for a guaranteed, fixed income each year for the rest of your life. At your death the funds remaining in the account go to the Baptist cause you specified. A Gift Annuity is generally established for the life of one or two people, such as a husband and wife.
LIFE INSURANCE
You can make the Mississippi Baptist Foundation the owner and beneficiary of a life insurance policy that you do not need any more or you can purchase a new policy naming the Baptist Foundation as owner and beneficiary. This is a great way to make a gift to further the cause of Christ.
POOLED INCOME FUNDS
The Pooled Income Fund accepts gifts from many donors and “pools” those funds together for investment purposes. The Pooled Income Fund distributes quarterly the Fund’s earned income on a proportional basis to all participants. When the last named income beneficiary of a gift dies, that portion of the Fund principal associated with the gift is distributed to the Baptist cause you specified.
REMAINDER INTEREST IN REAL PROPERTY
You can make a gift of your house or farm while retaining the right to live in the house until your death. You have the assurance that your house or farm will be used at your death for the Baptist causes you directed.
Summary
These giving tools may sound complicated, but they’re easy for us. The Foundation recognizes each individual’s particular needs and goals, and we strive to provide our services in a personal and professional manner. We will be glad to visit with you, your family, and your financial advisors to discuss the pros and cons of each gift type to find the one that best fits you.