The First Baptist Church of Tulsa Foundation
A nonprofit charitable organization est. 1992
Contributions to the Foundation are considered charitable gifts and are generally tax deductible for the donors. Giving to the Foundation can include: honorariums, memorials, and even estate gifts. The donated funds are maintained in a Foundation account and are invested and administered by a board of trustees. Any distributions from the Foundation are used as the church membership directs.
So, the money you give to the Foundation grows the principal amount. The investment earnings on that principle provide a perpetual source of income that the church can use today, tomorrow or whenever it is needed. Giving to the Foundation is an opportunity to make a legacy gift that will advance the ministries and mission of First Baptist Tulsa for generations to come.
The Foundation is set up as an endowment fund, which is completely different from giving to a designated fund within FBC. An endowment fund is capital from money or property donated to an institution, which is subject to a requirement that the principal be maintained, intact and invested, to create a source of income for an organization.
The Foundation Enables You:
- To impact lives for Christ beyond your lifetime.
- To contribute to new ministry ventures for Jesus Christ.
- To perpetuate financial support for the church you love.
- To donate gifts in behalf of loved ones and/or friends you wish to remember in a lasting way.
What is an Endowment Fund?
Capital from money or property donated to an institution, which is subject to a requirement that the principal be maintained, intact and invested, to create a perpetual source of income for an organization.
For more information about the Foundation or to have a Foundation trustee visit your LIFE Group with more information, contact the finance office at 918.594.5014.