Fund Management The Foundation manages and invests money entrusted to it by Tennessee Baptist institutions, churches, associations and other Tennessee Baptist entities. The goal of the Foundation’s asset management service is to earn a good rate of return for the investor with minimal risk. The Foundation does not manage money or investments for individuals except within revocable or charitable trust arrangements.
Building Funds Before a church or association begins actual construction on a new building or the acquisition of property for a new location or ministry it will begin saving for such a possibility. Those savings accounts often are set aside by the church or association as “Building Funds.” A building fund may be in place for a few months to several years before it is needed. During the accumulation phase the church or association wants (1) to protect its building fund and (2) to earn the best rate of return on its savings. To support its ministry to Tennessee Baptist churches, associations, institutions and organizations/ministries the foundation charges a modest cost-recovery fee of .0025 (0.25%) annually for its service.
Scholarship Funds The Foundation manages and administers a sizable pool of funds, many of which have been placed with the Foundation by Tennessee Baptists through their Last Wills and Testaments for he purpose of providing scholarships to worthy and/or needy young people from Tennessee Baptist churches to assist them in obtaining college, seminary or medical education. Scholarship Funds are perpetual, meaning that only the income earned by the funds is used to provide scholarships. Tennessee Baptists are invited to contribute to the Scholarship Fund either through present gifts or through their Last Wills and Testaments.
Cemetery Funds Many Tennessee Baptist churches have cemeteries and those cemeteries must be maintained through the years. Cemetery Funds have been established by a number of churches, the income from which is used to provide for the maintenance of their cemeteries. The Foundation will manage such funds for the churches to earn a good rate of income with minimal risk.
Endowment Funds Endowment Funds are permanent funds dedicated to various ministries and missions of the churches, associations and institutions of the convention. Their purpose is to produce income the can be used according to the policy of the individual endowment funds. Endowment Funds are particularly attractive to persons who desire to leave a lasting legacy for the Lord’s work because the original gift is never spent or depleted. Many churches are seeing the wisdom of developing endowment to support missions or to provide for the maintenance of facilities in the future. The Foundation manages various Endowment Funds, including the new Cooperative Program Endowment Fund of the Tennessee Baptist Convention
