By: Richard Carnes
Kentucky Baptist, Southern Baptist and other Christian causes rely on charitable gifts to meet their current needs and support their future. Gifts to those causes made through the Kentucky Baptist Foundation will be managed using the highest business and Christian ethical standards and methods.
Your gift can take multiple forms and can help you address your personal financial goals. Do you want to make a significant gift during your lifetime, or would a gift as part of your estate work better? Do you have an asset that you are thinking of donating? Do you want to increase your retirement income, or is your primary goal estate preservation? Are you carrying excess life insurance or a large balance in your retirement plan?
Did you know there are ways to support charitable causes important to you that don’t affect your current lifestyle or your family’s financial security?
· You can make a gift that costs you nothing during your lifetime.
· You can make a gift that leaves your cash flow and current financial planning unchanged.
· You don’t have to use cash to make your gift: you can “buy low and give high” by making your gift with appreciated securities instead.
· You can gift an asset you no longer need or want.
We will be pleased to work with you and your advisors to help you craft the gift plan that works best for your goals and dreams. A great place to start as you consider your gift planning is the Kentucky Baptist Foundation’s website www.kybaptistfoundation.org. Many Kentucky Baptists have utilized this site as a source for educational articles on estate and gift planning, charitable gift topics and planning tools.
A great first step when you access the website is to explore our Legacy Planner decision-making tool that helps a person explore gift planning options based on their goals. The Legacy Planner is interactive and fun to use. I encourage you to try it!
The Kentucky Baptist Foundation is here as a helpful partner. If you have questions, please contact the Kentucky Baptist Foundation office at our toll-free number (866) 489-3533.
Richard Carnes is the president of the Kentucky Baptist Foundation, P O Box 436389, Louisville, KY 40253; toll-free (866) 489-3533; KYBaptistFoundation.org.
The information in this article is provided as general information and is not intended as legal or tax advice. For advice and assistance in specific cases, you should seek the advice of an attorney or other professional adviser.