By: Barry G. Allen
Churches are the most overlooked charities in estate stewardship and planned giving. Church members are more likely to include in their estate plans or make a planned gift to a college, children’s ministry, human need ministry, the arts or a museum, but not a church.
We have discovered through assisting individuals and families the most likely reasons church members overlook their churches are these. First, they are never asked by their church leadership even to consider including the church in their estate plan or to make a planned gift during life. Second, most church members, even those who tithe out of their incomes, understand tithing as something one does during life, but not at death. Third, they lack confidence the church has the ability to administer such a gift. Fourth, they were unsatisfied with the effectiveness on the church’s ministry. Fifth, they did not have the level of esteem for the church’s leadership required to make such a gift.
Let me encourage you not to overlook your church in your estate stewardship. To the extent Laurie Valentine, our trust counsel, can be of assistance to you, please give her that privilege. Call her toll-free. There is no cost or obligation for this consultation service. Furthermore, she can suggest proven solutions for consideration in overcoming the obstacles others have mentioned as reasons they did not include their church in their plans.
Also, let me encourage you to visit our website at www.kybaptistfoundation.org for valuable charitable gift planning information, including an interactive estate plan organizer, which is a terrific secure and private data gathering, tutorial, decision-making tool.
For more information, please call the KBF at (502) 489-3533 or toll free in KY at 1(866) 489-3533.
Barry Allen is the retired President and CEO of the KBF and currently serves as a consultant to the interim management team. This article published in this week’s Western Recorder also appeared in a previous edition of the paper. 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.