The Foundation was created to serve the Convention and its institutions. However, it has no control over these institutions. It is independent of the causes it serves but is totally committed to their best interests.
Purpose of the Foundation
The purpose of the Foundation is to receive, invest, manage, and distribute monies and/or properties given for support of any institution, cause or agency related directly or indirectly to the Montana Southern Baptist Convention. It serves any person who wishes to contribute money, stocks, bonds or property to any Baptist institution under will, trust or annuity. Trusts and annuities usually provide the grantor with a charitable deduction plus income for a specific number of years or for life. The income may be designated to a person or persons other than the grantor.
A board of Trustees elected by the Montana Southern Baptist Convention supervises the management of the Foundation.
The Executive Director/Treasurer of the Foundation oversees the work and handles administrative responsibilities as well as providing guidance to individuals and institutions in the area of Christian estate planning. The Board of Trustees makes Administrative and investment policies.
How The Foundation Helps
Information and counsel about making a Christian will or establishing a charitable trust are available upon request without cost or obligation. The Foundation staff is trained to be specialists in the area of charitable giving. They will be pleased to work with you and your will or trust.
The Foundation also serves as trustee for various charitable trusts. These agreements provide a way for appreciated assets to be transferred to a trust and save capital gains tax. An income is paid to the donor or some specified person. Current income and estate tax savings are also realized, but, most of all, there is the satisfaction of knowing that the Baptist cause that was loved and supported during life will always receive financial aid. When Baptist causes are named, these services are provided without cost to the donor. Specific information concerning charitable trusts is available upon request.