Planned Giving - Forever Funding the Kingdom of God

Frequently Asked Questions:

What is Planned Giving?

Planned giving (or “charitable gift planning”), refers to the process of making a charitable gift of current or estate assets to one or more nonprofit organizations; a gift that requires consideration and planning in light of the donor’s overall current giving and estate plan. Parkwood’s Planned Giving program is for every member, no matter the size of the gift!

Gifts of estate assets usually include legal documents and require the assistance of a qualified professional advisor to complete. Because of the size and potential impact of such gifts, a donor should consult with his or her professional advisors before completing the process.

How are the Endowment Funds managed?

How can I contribute to Parkwood Baptist Church Endowments?

• Current contributions – All funds accept current living contributions. In fact, the majority of the balance of these funds has been through current giving.
• In honor or memory of a family member, friend, or other special person.
• Bequests (wills and estates) naming Parkwood Baptist Church and the particular fund of your choice to receive funds or property.
• Trusts – Naming Parkwood Baptist Church as the beneficiary as part of a lifetime trust, providing income each year.
• Property, stocks, or other investments. Some assets are said to “pass outside” of your will or living trust with a designated beneficiary.
• Life insurance – The proceeds of life insurance policies are paid to the beneficiary named in the contract.
• Annuity contracts – The proceeds of annuities are paid to the beneficiary to inherit assets the way you want your final wishes to further the Kingdom of God.

Benefits of planned giving for donors

• Outlines exact wishes and plans for your assets.
• Provides immediate tax relief for you and your heirs.
• A portion of your assets continues to support the cause of your choice.

Benefits for Parkwood Baptist Church

• Provides major revenue to annually support the Endowments established.
• Provides sound financial backing for future growth.

Description of Established Endowment Funds

Dr. M. O. Owens, Jr. Kingdom Fund

“And the gospel must first be preached to all nations.” Mark 13:10
The Dr. M. O. Owens, Jr. Kingdom Fund is established to receive gifts to further God’s Kingdom on earth. The top priority for using Kingdom fund monies will be to directly further mission causes including, but not limited to, church plantings, sending missionaries, supporting missions organizations, etc.

Dr. Ned L. Mathews Educational Scholarship Fund

First consideration will be given to worthy students of Parkwood Baptist Church who are entering a field of full-time Christian service. Second consideration will be given to worthy students from the membership of Parkwood Baptist Church, and third consideration will be given to worthy Baptist students from Gastonia, North Carolina.

The Scholarship Committee will determine worthy students based on Christian character and church activity, scholarship ability and class standing, extracurricular and community participation and attainments, educational goals and ambitions, and financial need.

Carol F. Rhyne Scholarship Fund

“So they set out and went from village to village, preaching the Gospel” Luke 9:6
The Carol F. Rhyne Scholarship will be awarded to a worthy seminary student(s) who acted on the call of God while a member of Parkwood Baptist Church. The student must be enrolled as a full-time student in a seminary of like mind and faith as Parkwood Baptist Church. The primary basis of the scholarship award is financial need.

In awarding scholarships, WORTHY is to be determined by the Carol F. Rhyne Scholarship Committee which considers the qualities of applicants in the following order: a) Call of God, b) financial need, c) involvement in ministry, and d) current grade point average.

Paul and Thelma Moss Fellowship Fund

“those reputed to be pillars, gave ..the right hand of fellowship when they recognized the grace given to me..” Galatians 2:9
The Paul and Thelma Moss Fellowship Fund is to be used to create a warm Christian fellowship within the church body of Parkwood Baptist Church as was displayed by the endowment benefactors. The income from the endowment will be used to purchase material for the church ushers, greeters, and visitor center workers to enable them to be more visible, helpful, and professional in their greeting and ministering to individuals.

Hopechest” Adoption Endowment Fund

“Pure and lasting religion in the sight of God our Father means that we must care for orphans and widows in their distress.” James 1:27
With an estimated 143 million children in the world today without families, the need and the opportunity for Christian families to adopt is great. However, the expenses associated with adoption are also great. God may not be calling you to adopt, but you can help make it possible for other Christian families from Parkwood Baptist Church or associated churches to give a child a home by contributing to the Hopechest Adoption Fund.

The purpose of this fund is to help place as many children without homes as possible with families that will help point them toward Christ. What an awesome mission opportunity! You can play a vital role by helping families overcome the financial barriers to adopting.

The Parkwood Baptist Church Planned Giving Committee and the Senior Pastor shall select recipients of fund monies from applications made to the church. A high priority will be given to the Christian character and reputation of the family making a request for funds.