Time, Talents and Treasures

Kentucky Baptist Foundation
Kentucky Baptist Foundation Funding the Great Commission

By: Barry G. Allen- President & CEO

The remarkable story of the KBF comes to life not in its impressive financial statements, but through the men and women who trusted the KBF and committed to it for administration all or a portion of the resources God entrusted to them for the benefit of their families and the Kingdom causes near and dear to their hearts. It’s a story of Christian stewardship that linked these men and women together with the KBF in a sacred trust.

Among those men and women is a couple with two adult children who wanted to use appreciated assets to honor the Lord with a legacy gift for the benefit of their church as well as assist their adult children in financing the cost of their graduate studies.

With the assistance of our trust counsel, Laurie Valentine, this couple established an endowment fund with the KBF that will provide perpetual financial support in perpetuity for their church. In addition, they established a short-term charitable remainder trust with the KBF as trustee that provided financial assistance to their two children to complete their graduate studies, and following their graduation, the remainder of the trust assets was added to the endowment fund they established for the church.

As a way to maximize the timing of the tax advantages of donating appreciated assets, this couple utilizes a donor advised fund with the KBF from which they make distributions periodically to the charitable causes that are near and dear to their hearts.

Here’s how they described their involvement with the KBF staff: “we were raised in Christian families that taught us the stewardship of time, talents and treasures was what God expected. When God blessed us with a financial benefit, we turned to the KBF because we were aware of its faith-based mission, its staff, which was competent, open, honest and with a proven reputation. They presented us with ways to provide for our children’s education, to help our church in a perpetual way and to benefit other charitable organizations. We have been able to generate larger than expected gifts because of the tax benefits derived from the gift ideas suggested by the KBF staff, who were knowledgeable professionals and able to explain clearly the different giving options.”

Please give us the privilege of assisting you in stewarding out of the “treasures” the Lord has entrusted to you.

For more information, please call us at (502) 489-3533 or toll free in KY at 1(866) 489-3533.

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.

Kentucky Baptist Foundation

Kentucky Baptist Foundation

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