Endowment Fund
What is the Endowment Fund?
The Endowment Fund was created in 1967 to assist members and friends of River Road Church, Baptist in providing long-term support for RRCB and its programs.
The Fund is intended to be a permanent resource to directly benefit programs and ministries that the church could not typically fund through annual congregational giving and other sources.
This allows the Church to accomplish projects and programs in keeping with its mission and ministries that may not otherwise be possible.
What does the Fund Support?
The Board of Directors considers projects that can extend the reach of the River Road Church, Baptist’s mission to individuals, special situations, and other worthwhile projects.
The Board considers requests for both program support and purchases of long-term capital assets. Programs that could be considered for support include music, worship, missions, and Christian education.
Each year the Board of Directors publishes a report about the activities of the Fund. Board members are also available to provide informational programs about the Endowment Fund to interested groups.
How Can I Give to the Fund?
Giving to the Endowment Fund is a special way for members and friends to provide long-term support and blessings to River Road Church, Baptist.
Most donors allow the Fund to determine how their gifts can best be used to benefit RRCB. If you would like for the principal of your gift and/or the income it generates to be used only for a particular program or activity, the Fund will carefully follow those wishes.
You may also make gifts to the Fund in memory of a deceased individual or in honor of someone still living, providing an ongoing memorial that benefits RRCB and its programs.
More Details
See below for more details on giving to the Fund
Current Gifts
The Fund accepts gifts of cash, stocks, bonds and, in certain instances, real estate, or other assets.
Like gifts to RRCB itself, gifts to the Endowment Fund are deductible for income, gift, and estate tax purposes. To make an immediate gift, please bring or send your gift to the church office with a notation that it is for the River Road Church, Baptist Endowment Fund.
Future Gifts
You may provide future gifts to the Fund by naming it the beneficiary of an insurance policy, retirement plan benefit, individual retirement account, living trust, or brokerage account.
In your will you also may leave a share of your estate to the Fund in the form of cash, specific assets, a percentage of your total estate, or a contingent gift if a family member or other primary beneficiary does not survive you. By resolution of the Church, all estate gifts, trusts, and memorial gifts that are not designated for a particular purpose or given for use as general operating funds are irrevocably transferred to the Endowment Fund.
Combinations
You may combine a gift to the Endowment Fund with provisions for family members by using such charitable giving vehicles as charitable remainder trust, charitable lead trust, and gift annuities.
Directors of the Endowment Fund are available to talk with you about giving opportunities. You should also consult your tax and legal advisors about the structure and tax consequences of various types of gifts.
How is the Fund Managed?
The Endowment Fund is a tax-exempt charitable corporation chartered on June 6, 1967.
It is legally separate from River Road Church, Baptist, but exists solely to support RRCB and its programs.
The Fund is administered by a twelve-person Board of Directors who are chosen for three-year terms and are eligible for reelection. The charter requires all Directors to be River Road Church, Baptist members. The Board of Directors appoints its own successors and fills all vacancies as they occur.
The Fund selects professional asset managers to invest its assets. Under the direction of the Board of Directors, investments are made with an eye toward conserving and increasing its capital value, while generating returns that will enable it to support additional projects of the Church.
Endowment Fund Board of Directors
ViewHilton Almond
Fred Bagwell
George Davis
Bill Gray
Sara Heisler
Andy McAllister
Kathryn Norman
Susan Phillips
Seth Roberts
Susan Rucker
Bill Stanton
Oliver Way