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 provide basic protection for you and your family. Your Plan can make sure that the things you own are given to individuals (family, friends), and organizations (churches, other charities) who will use them in ways that are consistent with your faith, goals, and priorities.
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
Our experienced staff can help you draft important legal documents and assist with planned giving and trusts. A smart, well-crafted Estate Plan will give you and your family peace of mind – and it can leave a valuable legacy for future generations through:
Donor Advised Funds
Save capital gains taxes and receive a charitable deduction when you make a gift of appreciated stocks or other securities. Transfer securities to the Baptist Foundation of Indiana’s brokerage account and we’ll do all the work to transfer the gift to the ministry of your choice.
Make a gift to a Donor Advised Fund with the Foundation.
Get a tax deduction this year and support various ministries over the coming years. A donor advised fund allows you to make a gift and secure a charitable income tax deduction in the current calendar year. Then, you can make grant recommendations to your favorite ministries at a future date. Click the link to download a donor advised ministry account application.
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 November 1, 2022.
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.