Children's
Bible Ministries
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Children's
Bible Ministries
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Ways to Give to CBM Financially
Volunteer Work Weeks
Fall Work Weeks September 28-October 3 AND NOVEMBER 2-7, 2008 The National Board of Directors of CBM Ministries appointed Dr. Ali Swofford as CBM’s Charitable Financial Consultant at the National Board Meeting in September, 2005. Dr. Swofford brings twenty-one years of experience in financial, estate and charitable planning to the ministry. She holds the advanced designations of Chartered Life Underwriter, Chartered Financial Consultant, and Certified Senior Advisor. Dr. Swofford has trained our Directors and staff in the various charitable giving techniques at the March 2006 Directors' Conference. We welcome Ali as our Charitable Financial Consultant.
New Gift Giving Opportunity THAT WILL MAKE A LASTING DIFFERENCE TO CBM On August 17, 2006 President George Bush signed the Pension Protection Act of 2006 (PPA 2006). Although this legislation focuses primarily on pension matters, Congress included various charitable giving incentives and reform measures within it. Of particular interest are the provisions that relate to tax-free withdrawals from certain retirement accounts to fund charitable gifts. The provisions allow a donor to give up to $100,000 per year to one or more qualified charities, provided certain conditions are met. All such gifts must be completed by December 31, 2007 at which time the legislation expires unless otherwise extended or made permanent by Congress. Click New Gift Giving Opportunity to view the condition for qualifications.
What is the purpose of this fund? Each year there are many children who would like to attend CBM Bible camps but their parents are not able to afford the camp fees. These are worthy children, and many of them have worked hard memorizing verses and doing lessons to earn a Bible camp scholarship. Since nothing is free (camps must supply food, counselors, cooks, etc) it is necessary that the cost for these campers be underwritten by caring individuals. By contributing to the BEST Endowment Fund, your gift can be repeated every eight to twelve years, continuing to help children attend Bible camp throughout your entire life and even after your death until Jesus comes again. CBM has been reaching out to others for over 72 years. It is a very stable, vigorous organization which expects to continue serving until the church is raptured. How does it work? Your gift will be invested in secure, profitable investments. The principal will continue perpetually, but the profits from the investments will be used each year to help worthy children attend one of the CBM Bible camps. Assuming an eight to twelve percent return, your gift will repeat itself about every ten years. For example, a $10,000 gift that is earning 10% would produce $1,000 each year to help children attend Bible camp. After 10 years your gift would have produced $10,000 and would continue perpetually providing camp scholarships year after year until Jesus comes again. We are praying that over time, this fund will grow to the $100,000 level or above. At that level it is realistic to expect that each year $10,000 could be used to help worthy, needy children to benefit from the Bible camp experience. In one recent year CBM raised over $80,000 to help children come to CBM camps. The proceeds from the BEST Endowment Fund would serve to increase that amount. |
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BEST
Endowment Fund A way your gift
will keep on giving even when you can't!