FULFILLING OUR CHURCH’S MISSION UNTIL JESUS COMES AGAIN There is a direct correlation between the fulfillment of our church’s mission and the faithfulness of us members in the discipline of financial stewardship in support of that vital mission. And faithfulness in financial stewardship is inherent in being a disciple of Jesus Christ. In December 2020…
“Estate planning is not about death and dying, but about living, dreaming, creating and fulfilling an ideal of lasting social and personal impact,” according to American Benefactor Magazine.” Christian estate planning expands this concept to making a difference for the cause of Christ. As the calendar turns from day-light savings to standard time, let this…
Giving through donor-advised funds (DAF) is surging in popularity these days especially when giving appreciated securities. Giving those through a donor-advised fund allows you to give the appreciated security, avoid the capital gains tax and receive an immediate tax deduction without specifying at the time of the gift the charity or charities you want to…
After years of managing a successful business or professional career, you and your spouse may find yourselves in a position to help others more than at any other time in your lives. Your two most important priorities are (a) to provide for your children and (b) to make a difference in the lives of others…
A qualified charitable distribution (QCD) is a direct transfer of funds from your IRA custodian, payable to a qualified charity, which may be counted toward satisfying your annual required minimum distribution (RMD). In addition to the benefits of giving to charity, a QCD excludes the amount you donate from your taxable income, which is unlike…
Like many, you may depend upon income from bank CDs and other fixed income investments and wish interest rates were higher. Also, you may be interested in providing a financial benefit to WRBC, but do not feel you can give up the income from your cash investments. There is a simple SOLUTION to your need…
Most church members miss one of the greatest stewardship opportunities of their lifetimes, not to mention the thousands of dollars they lose by not investigating the charitable giving opportunities they could incorporate into the sale of their real estate. For most, the missed opportunity results from lack of awareness about the potential tax benefits in…
Have you considered giving life insurance? Larie and I have used life insurance to add flexibility to our legacy giving planning, and I recommend you do the same. Perhaps you have a policy originally intended to protect your spouse and children at your death, including to pay-off a mortgage, or to educate your children, but those…
An endowment is a meaningful tool to ensure your perpetual support for those charitable causes near and dear to your heart, like Westport Road Baptist Church. By establishing an endowment or contributing to an existing endowment, you create a lasting legacy that reflects your values and convictions. When you make an endowed gift a portion…
Did you know WRBC has 2 perpetual endowment funds administered by the Kentucky Baptist Foundation? One is a Missions Endowment, the other is a General Endowment. As a means of growing these endowments your Legacy Gifts Committee is encouraging church members to direct memorial gifts to one or both to honor and perpetuate the legacy…