Only God knows your future, but smart financial planning can make it a little less “uncertain.” Creating an estate plan is an important step in the process, and it’s one of the best ways to protect you and your family while also leaving a meaningful gift to ministry at your passing.
The 4 basic building blocks of an estate plan are:
Last Will & Testament
Durable Power of Attorney for Financial
Durable Power of Attorney for Healthcare
Advance Directive for Healthcare
Multiply gifts, maximize tax benefits and simplify the giving process — all online.
Support Gospel-centered ministries and secure lifetime income.
Make a charitable gift, earn income for yourself and your loved ones and maximize tax advantages.
If you’re 70 1/2 years of age or older, you can give charitably and reduce income tax by making gifts directly from your IRA.
Leave a legacy gift that will keep on giving to the ministries you love, long after you’re gone.
Give assets like a life insurance policy or retirement plan to ministry after your passing.
Scholarship funds are available to assist in college tuition costs for members of State Convention of Baptists in Indiana (SCBI) churches, who are called to and preparing for vocational ministry. Scholarship funds are limited and are awarded based on need and parameters set by scholarship fund donors. Scholarships are not available for doctoral candidates. The Foundation accepts applications beginning November 1 for the following Fall/Spring academic school year. Applications and supportive documentation must be received by April 1 in order to be considered for a scholarship. Scholarship awards are determined in May.
Due to changes to the Foundation’s scholarship program, no scholarships will be awarded for the 2022-2023 academic year. Applications for the 2023-2024 academic year will be accepted starting January 1, 2023.
Application completed by April 1. (Online application opens Nov. 1)
Endorsement of the SCBI church where the applicant is a member in good standing is submitted by April 1.
In April the committee reviews information from all applicants and examines the funds available.
Recommendations are brought to the Board of Directors for approval.
Scholarship applicants will be notified by May 15.
Scholarship funds will be sent to the recipients' schools in July or August.
I am so grateful and honored and want to say thank you for your generosity – your scholarship will help me to achieve my educational and ministry goals. It will help me have more time for studies, family, and ministry in the church and the church.
My family and I are continually amazed at how God has provided for us during this season of life. Certainly, receiving this year's BFI Scholarship is evidence of God’s providential care. In covering a significant portion of this year’s tuition, I am able to continue pursuing my call to church ministry without the fear of placing school on “pause” to save the necessary funds.
My special thanks to [scholarship] donors. You are a channel of blessing. With your obedience to give financial offerings to God, the ministry that God has called me into will be made possible. Please remember that you are always part of the ministry.