Churches & Ministry Services

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The financial well-being of our churches and ministry organizations is directly tied to their ability to accomplish their mission

We support CBF partner churches and organizations by helping them invest in their future and become financially healthy.

The CBF Foundation offers account administration, investment and fund management, and endowment fund promotion services to churches and CBF ministry partners and offers a variety of prudent investment vehicles:

  • Scholarship fund
  • Building fund
  • Cemetery fund
  • Ministry fund
  • Operating reserve

We provide monthly accounting statements and quarterly investment performance summaries, and we can help establish and administer planned gifts from your donors.

Endowment Promotion Services

The CBF Foundation provides various endowment promotion services:

  • Private consultation and workshops on endowment promotion strategies
  • Seminars on the importance of endowments and how churches and organizations can use them to support missions and ministry
  • Seminars on giving through bequests in wills, charitable gift annuities, and charitable trusts
  • Assistance with direct donor solicitation
  • Help finding trustworthy professional advisors for your donors

Fund Management Services

The CBF Foundation, in partnership with HighGround Advisors, offers a full range of investment options specifically designed for churches or ministry organizations. Whether you intend to use your funds in less than a year or keep the principal invested permanently, we have a fund or combination of funds that will meet your needs.

Our services include:

  • Assistance in developing endowment asset allocation and spending policies
  • Administration of charitable gift annuities and charitable trusts
  • Monthly reports on investment performance
  • Distribution of endowment income according to organizational needs
  • Monitoring preservation of endowment principal

FAQ’s

If you are passionate about a particular ministry of CBF, your church, or a CBF partner, and you want to help provide permanent financial support for that ministry, the first step to setting up and endowment is to talk with a CBF Foundation staff member. We will work with you to establish an Endowment Fund Agreement and assist you with the transfer of the assets you are considering using to fund the endowment.

Endowments are designed to be permanent sources of financial support for ministry. Any ministry which is permanent can be endowed. Ministries which are short term, or temporary in nature should not be endowed. For example, it would be appropriate to establish an endowment for field personnel support in general because CBF will always be involved in supporting missions. However, it would not be appropriate to establish an endowment to support a specific missions field worker because all field personnel will eventually end their individual service.

Currently an endowment can be started for any amount. CBF Foundation does not give public name recognition for endowments until they reach a principal value of $20,000. It is common for donors to establish an endowment with regular annual gifts during life while also making plans to complete the funding of the endowment with a bequest, or other planned gift as a part or their estate plans.

Nearly any asset of value may be used to fund an endowment as long as that asset may be sold and converted to cash and invested to produce income. Endowments are funded with outright gifts of cash or other assets such as; stocks, bonds, mutual funds, real estate, valuable collectables, or “paid up” life insurance. In addition to outright gifts of current assets, endowments may be funded by making a gift in one’s last will and testament (a bequest) or by establishing a planned gift, which provides lifetime income to the donor such as a Charitable Remainder Trust or a Charitable Gift Annuity, or a Life Estate gift of one’s home while still living in it.

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