Estate Planning
Estate Planning
ESTATE PLANNING
Your Legacy, His Glory
We are told that approximately 70% of Americans do not have a current will. The ramifications of this on children, surviving spouses, on taxes and fees is immeasurable. So, why do so many fail to plan for the inevitable? I think there are many reasons for this. Fear of dying, procrastination, confusion about the estate planning process, the cost of creating a will and more.
Actually, planning your estate can be a wonderful process where you have an opportunity to reflect upon God’s blessings in your life… your family, the possessions that God has allowed you to manage, and your faith. In order to assist you in this process, we have provided some “layman friendly” estate planning information that can enable you to protect your family as well as be a wise steward of the assets that God has entrusted to you to use for His glory while you are here on this earth.
FEATURES
The Benefits
Why make a plan?
Your ministry can have confidence in how your funds are invested. Our investments are actively screened to avoid companies that go against Christian principles.
Available Scholarships
Our Services
Screened Investments
Your ministry can have confidence in how your funds are invested. Our investments are actively screened to avoid companies that go against Christian principles. We want to honor and steward what God has given us to the best of our ability.
Kingdom Fund
“The Kingdom of heaven is like a mustard seed…Though it is the smallest of all seeds, yet when it grows, it is the largest of garden plants..” Matthew 13:31-32, NIV
PURPOSE
The Kingdom Fund is designed to produce long-term growth over multiple years and changing market cycles. This strategy desires to outperform annual spending requirements, annual inflation and fees associated with investing, while managing strategic risk. This portfolio invests in stocks, bonds, real assets and alternatives.
WHO SHOULD INVEST
Investors who are tolerant of market volatility. This is an excellent fit for endowed and long-term funds.
🔗Fund Facts & Returns
Notes: Funds are not FDIC insured. Past performance is not a guarantee of future results. Returns are net of money management fees. For your information, the invested funds managed by the Foundation are exempt from registration requirements of the federal securities laws.
Storehouse Fund
“Bring the whole tithe into the storehouse, that there may be food in my house.” Malachi 3:10, NIV
PURPOSE
The Storehouse Fund is designed to produce growth through short-term investing cycles. This strategy desires to outperform traditional money market funds and short-term CDs. This portfolio invests in real assets, bonds and other high-quality fixed instruments.
WHO SHOULD INVEST
Investors focused on short-term income needs and a low tolerance for risk.
🔗Fund Facts & Returns
Notes: Funds are not FDIC insured. Past performance is not a guarantee of future results. Returns are net of money management fees. For your information, the invested funds managed by the Foundation are exempt from registration requirements of the federal securities laws.
Harvest Fund
“They sowed fields and planted vineyards that yielded a fruitful harvest.” Psalm 107:37, NIV
PURPOSE
The Harvest Fund is designed to produce growth of principal while generating income. This diversified portfolio invests in stocks, bonds and high-quality income producing investments.
WHO SHOULD INVEST
Investors who are tolerant of some market volatility. This is an excellent fit for ministry investments focused on future planning.
🔗Fund Facts & Returns
Notes: Funds are not FDIC insured. Past performance is not a guarantee of future results. Returns are net of money management fees. For your information, the invested funds managed by the Foundation are exempt from registration requirements of the federal securities laws.
Money Market
PURPOSE
The Money Market Fund is designed to maintain cash holdings for distributable purposes. The fund is comparable to traditional bank money market funds, the goal of which is safety over income or growth.
WHO SHOULD INVEST
Investors may utilize the money market fund to invest a portion of funds for very short-term cash needs in which there is no margin for volatility. Some investors place a small portion of their total investment in a money market fund to protect that portion from potential volatility.
🔗Fund Facts & Returns
Notes: Funds are not FDIC insured. Past performance is not a guarantee of future results. Returns are net of money management fees. For your information, the invested funds managed by the Foundation are exempt from registration requirements of the federal securities laws.
General Scholarships
General scholarships are small scholarships in which the Foundation matches qualified general applications to scholarship qualifications outlined by the endowment donor. Most scholarships have been designated for students pursuing degrees in ministry-related fields. However, there are some monies available for students pursuing other degrees.
QUALIFICATIONS
Each eligible applicant must:
- be a member of a South Carolina Baptist Convention church for at least nine months prior to the application deadline
- be a full-time undergraduate of at least SOPHOMORE level at a South Carolina institution of higher learning OR be a full-time masters-level or doctoral-level student at a Southern Baptist seminary or South Carolina Baptist institution of higher learning
REQUIRED DOCUMENTATION
- submit evidence of a Grade Point Average equivalent of at least C+ (2.5 or higher on a 4.0 scale)
- submit one letter of recommendation from a pastor, teacher, or employer by the application deadline
Barry B. Edwards Trustee Scholarship
Trustee scholarships are awarded annually from funds contributed by the Foundation’s Board of Trustees. A minimum of three trustee scholarships are awarded annually to students pursuing degrees related to Christian vocations at each of our SCBaptist universities (Anderson, Charleston Southern, and North Greenville).
QUALIFICATIONS
Each eligible applicant must:
- be a full-time undergraduate of at least SOPHOMORE level OR a full-time graduate level/seminary (graduate or doctoral) student in a preparation for ministry program
- be pursuing a full-time Christian vocation as evidenced by their field of study and their written “call to vocational Christian ministry”
- be a member of a South Carolina Baptist Convention church for at least nine months prior to the application deadline
REQUIRED DOCUMENTATION
- submit evidence of a Grade Point Average equivalent to at least C+ (2.5 or higher)
- submit TWO letters of recommendation – one from the applicant’s pastor
- submit current FAFSA or most recent Federal Income Tax Return (please conceal SSNs) of the party (student or parent) responsible for paying tuition
Brenda Whittington Jeffcoat Music Scholarship
Brenda Jeffcoat scholarships are for undergraduate students pursuing degrees in church-related music at one of our SC Baptist universities (Anderson, Charleston Southern, North Greenville).
This scholarship is in memory of Brenda W. Jeffcoat, former Executive Assistant to the Executive Director-Treasurer of the SC Baptist Convention. Brenda was a church pianist and enjoyed using her musical talents in worship.
QUALIFICATIONS
Each eligible applicant must:
- be pursuing a degree in church-related music
- be a full-time undergraduate of at least SOPHOMORE at a South Carolina Baptist institution of higher learning
- be a member of a South Carolina Baptist Convention church for at least nine months prior to the application deadline
REQUIRED DOCUMENTATION
- submit evidence of a Grade Point Average equivalent to at least C+ (2.5 or higher on a 4.0 scale)
- submit TWO letters of recommendation, one of which must be from the pastor of the applicant’s home church or the church in which the applicant is attending or serving
Phillip McMinn Memorial Scholarship
Phillip McMinn Memorial Scholarship was created in the memory of Phil who was a pastor of South Main Street in Greenwood, SC. He served 13 years as pastor of Brookwood Baptist Church in Lawrenceville, GA, and 6 years as pastor of First Baptist Church in Reynolds, GA.
This scholarship is intended for students either pursuing a fulltime Christian vocation or students who are children of active pastors serving in Southern Baptist churches in SC or GA.
QUALIFICATIONS
Each eligible applicant must:
- be pursuing a degree in a Christian vocation OR be the child of an active pastor serving in SC or GA
- be a full-time undergraduate of at least SOPHOMORE at North Greenville University or Anderson University
- be a member of a South Carolina Baptist Convention church for at least nine months prior to the application deadline
REQUIRED DOCUMENTATION
- submit evidence of a Grade Point Average equivalent to at least C+ (2.5 or higher on a 4.0 scale)
- submit TWO letters of recommendation, one of which must be from the pastor of the applicant’s home church or the church in which the applicant is attending or serving
- submit current FASFA or most recent Federal Income Tax Return of the party responsible for paying tuition
Preston & Myrtle Ross Young Scholarship
Young scholarships are for students enrolled in an institution of higher learning in South Carolina, who are active in Baptist Collegiate Ministry. Preference shall be given to students who have served as summer missionaries.
QUALIFICATIONS
Each eligible applicant must:
- be a member of a South Carolina Baptist Convention church for at least nine months prior to the application deadline
- be a full-time undergraduate at an institution of higher learning in South Carolina
- be active in Baptist Collegiate Ministry (BCM)
REQUIRED DOCUMENTATION
- submit evidence of a Grade Point Average equivalent to at least C+ (2.5 or higher on a 4.0 scale)
- submit TWO letters of recommendation, one from the applicant’s Collegiate Minister and one from a ministerial staff member from the applicant’s home church
Beth Acker Seminary Scholarship
Beth Acker scholarships are for female students attending Southern Baptist seminaries.
Priority for scholarship award will be given to students in the following order of preference:
- members of Riverland Hills Baptist Church, Irmo
- members of a church in the Lexington Baptist Association
- members of other Southern Baptist Churches in the State of South Carolina.
A qualified applicant may receive no more than $500 per year from this scholarship fund.
QUALIFICATIONS
Each eligible applicant must:
- be a member of a South Carolina Baptist Convention church for at least nine months prior to the application deadline
- be a female masters-level or doctoral-level student at a Southern Baptist seminary
REQUIRED DOCUMENTATION
- submit evidence of a Grade Point Average equivalent to at least C+ (2.5 or higher on a 4.0 scale)
- submit one letter of recommendation from a pastor, teacher, or employer by the application deadline
Seminary Scholarships
PRIORITY YORK ASSOCIATION
These scholarships are for Southern Baptist seminary students, with priority to students who are living or whose home church is in the York Baptist Association.
QUALIFICATIONS
Each eligible applicant must:
- be a member of a South Carolina Baptist Convention church for at least nine months prior to the application deadline
- be a full-time masters-level or doctoral-level student at a Southern Baptist seminary
REQUIRED DOCUMENTATION
- submit evidence of a Grade Point Average equivalent to at least C+ (2.5 or higher on a 4.0 scale)
- submit one letter of recommendation from a pastor, teacher, or employer by the application deadline
Process
Begin Your Estate Plan
This estate planning assistance is comprehensive and your Estate Consultant will continue working with you until your plan is to your satisfaction. Best of all, it’s free of charge! You will, however, need to pay your attorney or, if you don’t have an attorney, a network attorney suggested by PhilanthroCorp at a quoted rate.
Please note that ONLY legible applications will be accepted. Screen shots or photographed applications will not be accepted. Please print, scan, or “save as” PDFs and make sure all documentation is legible before submitting your application.
About Philanthrocorp
Philanthrocorp
Philanthrocorp is a Christ-centered estate planning firm that assists the Baptist Foundation of South Carolina to complete estate plans. They have helped thousands of families create estate plans that meet their goals, save taxes and support ministries they care about.
If you’d like the “do it all by myself” approach, you can use the Estate Plan Organizer (EPO) and walk yourself through a guided tutorial/data gathering process. All of the information you log in is confidential. The EPO does not ask for social security numbers or bank account numbers. And, if you establish your personal log in and password, you can continue working on your plan for 60 days. This will give you time to think about your wishes and gather needed information. At the end, you can print it and take it to your personal attorney or ask for help. No one will see your entries unless you submit at the end and ask for one of your friends at the Baptist Foundation of South Carolina or our partners at PhilanthroCorp to review your information and contact you.
So, grab a cup of coffee or tea, kick off your shoes and start planning today!
let's get started
Have a few questions?
We are happy to help assist with any questions you may have. Please reach out to us any time, but please allow us 1-2 business days to respond. You may also reach out to us via phone, 803.227.6000.