SAMPLE GUIDELINES

ANYWHERE BAPTIST CHURCH ENDOWMENT

ANYWHERE, ARKANSAS

(Some churches prefer to use a unique name for their Endowment, such as Legacy Fund, Heritage Fund, Faith in the Future Fund, or etc...)

As Approved December 31, 2004

Scope:The purpose of the Anywhere Baptist Church Endowment, Anywhere, Arkansas(hereinafter “Endowment”) is to provide additional perpetual support for Kingdom-related ministries in the years ahead. Such Endowment is not to replace the regular tithes and offerings of the church’s members. TheEndowment will provide resources above and beyond regular tithes and offerings to accomplish Kingdom work which would go otherwise unfunded. Charitable gifts for the Endowment may be given by donors during lifetime or at death.

Guidelines:

1.All decisions concerning the Endowment will be initiated or referred to the EndowmentBoard (hereafter “Board”) of Anywhere Baptist Church, Anywhere, Arkansas (hereafter “Organization”). The Board shall be composed of seven individuals with the Pastor as an ex officio voting member of the Board:

1. Chairperson of the Student Ministries Committee/Team

2. Chairperson of the BuildingCommittee/Team

3. Chairperson of the Finance Committee/Team

4. Chairperson of the MissionsCommittee/Team

5.-7. Three members nominated by the Nominating Committee/Team and elected by the Organization. These members shall be elected for a three-year term on a rotating basis. The rotating member with a one-year remaining term will serve as Chairperson of the Board. However, if this member is unwilling for any reason to serve, then that member shall call a meeting of the Board and ask the Boardto elect another Board member as chairpersonfor that year.

In the event that one or more of the seven individuals represent more than one of the Board member positions, the Organization will electany necessary additional members to serve for a one-year term.

Note: Churches may choose a different Board structure than suggested. However, these guidelines relate to establishing anEndowment Board in a congregational-based church setting. The Church will need to establish a perpetual way to maintain the Endowment Board.

  1. For donations under the amount of $25,000, donors may use one or more of the following Endowment’s funds managed for the Endowment by the Arkansas Baptist Foundation (hereafter “ABF”):
  1. MISSIONS FUND: Funds given specifically to this account are to be used for only mission purposes to advance the Gospel.

Bequest Designation:Anywhere BaptistChurch, Anywhere, Arkansasfor inclusion in theAnywhere BaptistChurchEndowment Missions Fund.

  1. BUILDING FUND: Funds given specifically to this account are to be used for establishment of new buildings for the church’s ministry or for the maintenance of existing buildings.

Bequest Designation:Anywhere BaptistChurch, Anywhere, Arkansasfor inclusion in theAnywhere BaptistChurchEndowmentBuilding Fund.

  1. SCHOLARSHIP FUND: Funds given specifically to this account are to be used for scholarships preferably for members of the Church attending a Christian college or seminary.

Bequest Designation:Anywhere BaptistChurch, Anywhere, Arkansasfor inclusion in theAnywhere BaptistChurch Endowment Scholarship Fund.

For Endowment contributions over the amount of $25,000, the donor may customize their own designation. Such funds would need to be given to Anywhere BaptistChurch, Anywhere, Arkansas for inclusion in the Anywhere BaptistChurch Endowment designated for ______. An additional account at ABF will be established for the management of the fund.

  1. The Board will meet at least annually to oversee the Endowment investments and take appropriate measures to ensure that the Endowment is managed properly. ABF will be used as the administrator (back-office manager) for the Endowment’s funds per the Endowment Administration Agreement with ABF. The Board will also explore recommendations from members of the Organization, as well as outside requests,concerning the distribution of income earned within the Endowment funds. Distributions of income may be made based upon the guidelines of each fund. It is the responsibility of the Board to insure that distributions from gifts are made in accordance with gift guidelines.
  1. The Boardwill authorize distributions of annual income based upon thedesignationsof each fund up to $5,000. (Note: The organization may wish to establish a different limit before requiring action by the organization as a whole.)

The Board will recommend for Organization approval at a regular or specially called business session any suggested amounts for specific distributionsof income that exceed $5,000 per distribution. Such recommendations shall be approved by an affirmative majority vote of those members present and voting in favor of such recommendation. If the Organization refuses to affirm the recommendations, then the requests will be referred back to the Board for further study and future recommendations will be brought back to the Organization if deemed appropriate. Specific directions concerning the approved distributions shall be communicated in writing to ABF (or other administrator).

  1. The Board will also be responsible for promoting the Endowment to the Organization membership. Appropriate measures may be taken to publicize, educate, and otherwise remind the membership of the Endowment’s availability both for current gifts and gifts at death through wills, trusts, or beneficiary designations. The Board will determine the appropriateness of recognition, if any, of various gifts to the Endowment.
  1. The principal of any fundof the Endowment will be kept in perpetuity. (Note: The Organization may want to include a qualification like this: The Organization may choose to spend part or all of the principal of such Endowment for the designated purposes based upon a recommendation of the Boardand the Organization by a 90% affirmative vote of those present and voting at a regular called business meeting,unless such action would be in violation of an individual fund’s guidelines. Before such a vote to use principal from the Endowment, church members shall be told in writing that the original purpose of the Endowment was to use the income only and not invade the principal so that future generations will be blessed.) (Note: The Organization may want to include a stipulation like this: Additionally, upon recommendation of the Board and the Organization by a 90% affirmative vote of those present and voting, may choose to transfer the corpus and accumulated income from ABF to another trust agency, provided that agency is a bank trust department with at least $100 million in assets under management.) The exceptions to this paragraph are accounts established directly with ABF by donors for the benefit of the Organization’s ministries.
  1. These Guidelines may be amended or changed only by recommendation of the Board and the Organization trustees and affirmed by 90% vote of those church members present and voting at any regularly scheduled business meeting of the Organization. However, no change shall be allowed which would change the perpetual nature of the Endowment or the designated purposes of the individual Funds. If the designated purpose of an individual Fund no longer exists , then the Board will use the income in a ministry most similar to the original purposes. (Note: The organization may wish to establish a different affirmation percent.)
  1. If the Organization should cease to exist and there is no successor organization, the fund shall become the property of ABF for ongoing management to benefit ministries that are similar to and in keeping with the nature of the Organization and its past charitable distributions.

ORGANIZATION (Grantor)ADMINISTRATOR

ANYWHERE BAPTIST CHURCHARKANSAS BAPTIST FOUNDATION

ANYWHERE, ARKANSASLITTLE ROCK, ARKANSAS

BY: ______BY: ______

TITLE: ______TITLE: ______

DATE:______DATE:______

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