An Irrevocable Gift Agreement allows you to create an endowed fund that supports ministry year after year.
Your contribution is invested, and a portion of the earnings is distributed annually to the churches, ministries, or causes you choose, while the principal is preserved for long-term impact.
This kind of gift can be created during your lifetime or through your estate and often results in more being distributed over time than the original amount you gave.
By endowing your gift through the Georgia Baptist Foundation, you can provide reliable, ongoing funding that reflects your commitment to Gospel work far into the future.
IMMEDIATE TAX ADVANTAGES. Establishing an irrevocable gift during your lifetime allows you to claim a tax deduction for the full amount, providing immediate financial benefits while supporting the ministries you cherish.
ENDURING MINISTRY IMPACT. An endowed gift, created now or through your estate plan, ensures ongoing support for the ministries you care about, making a meaningful difference for generations to come.
FINANCIAL SECURITY FOR BENEFICIARIES. An irrevocable gift agreement often provides a stable and predictable source of income for the beneficiaries, ensuring that they can plan and execute their missions with confidence and stability.
Mr. and Mrs. Watson choose to establish an endowment fund to provide long-term financial support for their local church. They begin with an initial gift of $100,000, which qualifies for a tax deduction. In the first year, the church receives a 5% distribution of $5,000 while the investment grows by 7.5%, adding $7,500 to the fund. As a result, by year two, the fund grows to $102,500, ensuring continued distributions. Over time, the endowment generates sustained support, distributing the equivalent of its original gift approximately every 20 years. After a century, the church will have received over five times the initial contribution, all while preserving the principal. This strategic approach ensures a lasting legacy, allowing ministries to thrive for generations through thoughtful, perpetual giving.
Mr. and Mrs. Watson choose to establish an endowment fund to provide long-term financial support for their local church. They begin with an initial gift of $100,000, which qualifies for a tax deduction. In the first year, the church receives a 5% distribution of $5,000 while the investment grows by 7.5%, adding $7,500 to the fund. As a result, by year two, the fund grows to $102,500, ensuring continued distributions. Over time, the endowment generates sustained support, distributing the equivalent of its original gift approximately every 20 years. After a century, the church will have received over five times the initial contribution, all while preserving the principal. This strategic approach ensures a lasting legacy, allowing ministries to thrive for generations through thoughtful, perpetual giving.
Start An Irrevocable Gift Agreement
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