Foundation

Foundation

The Mission Of The Foundation: Missions

The Kansas-Nebraska Southern Baptist Foundation (hereinafter referred to as KNSBF) is a ministry of the Kansas-Nebraska Convention of Southern Baptists (hereinafter referred to as KNCSB) whose purpose is to assist our associations, churches, and individuals in advancing the work of God in our Convention area.  We provide resources to assist as they do the work that God has assigned them.  We are accountable to the Convention for the way in which we provide this assistance.  Here are some ways in which we serve Kansas-Nebraska Southern Baptists:


 

Christian Estate Planning Seminars & Consultations

A Christian Estate Stewardship Seminar is a seminar providing information on Christian Wills and Revocable Living Trusts and is sponsored by the KNSBF at no cost to the local church or association.  If you would like to schedule a seminar in your church or association, please contact Dr. Dennis Burns at (316) 644-7828 or email him at drdennisburns@gmail.com.

We provide legal services to write estate plans to members of KNCSB churches who will give a minimum of 10% of their estate to Baptist causes.  Dr. Dennis Burns is available to come to your church and assist anyone who would like to invest in the Kingdom of God beginning now until the Lord returns.  The estate plans that have been written are a tremendous force for missions in our Convention. We have received over $1 million from estate plans which provides nearly $50,000 annually in mission grants and scholarships for the Convention.  Every believer should have a will dedicated to the stewardship of what God has given to them for the advancement of the Kingdom of God.  If you do not have an estate plan yet, please contact Dr. Dennis Burns at (316) 644-7828 or send an e-mail to drdennisburns@gmail.com.

 


 

Loans Available to Churches

We make loans to KNCSB churches and associations.  The Vanderbilt Church Planting Loan Fund has rates based on the consumer price index which are normally below bank rates.  The Church Sites Loan Fund is for churches that are purchasing land for future building.  The rates on these loans are also below prevailing rates.  The Revolving Building Loan Fund is our largest fund and is available to any of our churches for building loans.  Most interest from the RBL Loan Fund is used for mission and collegiate ministry work in Kansas-Nebraska with the balance being retained in the fund to make more loan funds available for our churches.  If you need a large loan, our bank partner can also assist us with the additional funding needed.  The loan application and policies are available below.  Contact Mari Parker at mparker@kncsb.org or (785) 228-6826 if you have questions or would like to get this process started.

The Foundation now has 2 interest rate options effective 01-01-2020 as follows:

3-Year Adjustable:

This interest rate will remain the same for three years. It will adjust on each third anniversary of the loan to the then current 3-year adjustable interest rate. It may not adjust more than 3% (300 basis points) up or down any any three year adjustment or 5% (500 basis points) over the life of the loan.
Current rate: 4.75%

5-Year Adjustable:

This interest rate will remain the same for five years. It will adjust on each fifth anniversary of the loan to the then current 5-year adjustable interest rate. It may not adjust more than 5% (500 basis points) up or down over the life of the loan.
Current rate: 5.00%

PLEASE NOTE: The above rates are subject to change without notice.

 


 

CDs Available

We have an arrangement with our partner bank in Wichita to offer CDs at competitive rates.  If your church or association has idle funds earning little to no interest, we will be happy to help you invest them for a higher return and make them available for you to use when needed.  For more information, contact Becky Holt at beckyholt@kncsb.org or (785) 228-6807.  (Please note:  This offer is for KNCSB churches and associations only.)

Rates as of 02/14/2020 are as follows:

  • 1-Year CD – 1.49% or 1.50% APY
  • 2-Year CD – 1.84% or 1.85% APY
  • 3-Year CD – 1.99% or 2.00% APY
  • 4-Year CD – 2.08% or 2.10% APY
  • 5-Year CD – 2.13% or 2.15% APY

These rates are subject to change without notice.


 

Foundation Funds

When individuals, churches, associations, and KNCSB organizations want to set aside money to provide ongoing support for Southern Baptist causes that are important to them, we assist them in setting up endowments and manage them.  A percentage of the money is given to the cause each year and some of the growth is retained in the fund to allow it to keep pace with inflation.  If you would like to give to the Kingdom of God from now until the Lord returns, contact the Foundation and we can show you how to provide a perpetual gift to God’s work

The following funds have been established by the KNSBF to support mission causes sanctioned by the KNCSB and are readily available for new or additional gifts:

Bertha Smith New Work Fund

This fund is to provide pastoral aid, preferably for the first year of new work and no more than two years.  The aid would be given as recommended by the KNCSB Director of Missions.

Bivocational Pastors Endowment Fund

The earnings from this endowment fund are used to assist bivocational pastors in the KNCSB, especially those without adequate health insurance and/or annuity protection.

Church Sites Loan Fund

This fund is loaned to KNCSB churches for purchasing church sites only with low interest for a period of time generally three (3) years or less.

Donor-Advised Funds

Sometimes people want to give money to the cause of Christ but have not yet decided where to give it.  A person can set up a Donor-Advised Fund and as they discover Kingdom concerns, they can direct the money to be given from their fund. The tax deduction can be taken in the year it is established but the money can be distributed when requested.

Doyle Smith Memorial Judea Fund

This fund was established in memory of Dr. Doyle Smith, KNSBF President, to support the ongoing work of KNCSB.

Ed VanLandingham Music Scholarship Fund

This fund is to be used for annual music scholarships to recipients selected by the KNCSB music department.

Evangelism Support Fund

This fund is used for equipping persons in evangelism and supporting evangelism projects.

Gift Annuity Funds

This is a wonderful tool for someone who wants to support the work of KNCSB and yet needs the income from the money they have to provide for their living.  The return is based on a person’s age.  The older the person is, the greater the return will be.  In addition to the rate, there are also tax benefits that make the effective return even greater.  If you have an interest in supporting some Convention causes and have money that is not returning very much interest, contact the Foundation and let us show what you can do for the Kingdom of God and for yourself.

Harold L. Conley Foundation Support Fund

This fund was established in memory of Harold L. Conley who served as Business Administrator for the Foundation from 1977 to 2005. The income from this fund will go to support expenses of the Foundation.

Heart of Kansas New Work Fund

This fund was established to support future Southern Baptist work in Sedgwick, KS, or northern Sedgwick County to be designated for pastoral support and/or ministry and evangelistic outreach events.

Heartland Church Network Fund

The earnings from this endowment fund are for the establishment of new mission work and strengthening churches of Southern Baptist faith in the Heartland Church Network (Eastern Nebraska).

International Missions Support Fund

The earnings from this fund support the ongoing work of Southern Baptist international missions.

J. Oscar Rhodes New Work Fund

This fund is to provide pastoral aid, preferably for the first year of new work and no more than two years.  The aid would be given to new work as recommended by the KNCSB Director of Missions.

Kansas City Kansas Baptist Association Fund

The earnings from this endowment fund are used for the establishment of new mission work and strengthening churches of Southern Baptist faith in the Kansas City Kansas Baptist Association area.

Kelley Shelton Women’s Leadership Fund

This fund was started in June 2005 to provide opportunities for Kansas-Nebraska WMU women to experience growth in leadership skills.  Grants will be approved by the KNCSB Women’s Leadership Endowment Fund Team.

KNCSB Endowment Fund

This fund is to receive any undesignated gifts received by the Foundation for causes supported by the KNCSB.

KU University Christian Fellowship Endowment Fund

This endowment fund was initiated in 1992 to support the campus ministry of the University of Kansas in Lawrence, Kansas.

Lavonne James Women’s Evangelism Fund

This fund was started in February 2012 to provide financial support to Kansas-Nebraska women attending evangelism training or participating in evangelistic events.  Grants will be approved by the KNCSB Women’s Leadership Endowment Fund Team.

Le Claire Weills Memorial Fund

This fund was started in July 1990 for the benefit of the Viola Webb Missions Offering.

Missions Assistance Fund

This fund is to be used for mission causes sanctioned by the KNCSB and requested by the Executive Director and Missions Director of the Convention.

Mr. & Mrs. T. J. McIlvain Memorial Trust Fund

This fund is to benefit youth ministry projects, youth evangelism projects, and new work projects in Kansas-Nebraska.

Property Fund

This fund is to receive and hold properties (real and personal) in trust.

Revolving Building Loan Fund

This fund is be used for the development of new and existing Baptist churches cooperating with the KNCSB. It may be used in the purchase of land, construction of a building, or remodeling of an existing structure. Interest generated by this fund is used by KNCSB in meeting the needs of people and for promoting the general missionary purpose of KNCSB.

Savings Holding Fund

This fund receives, manages and invests for maximum secured earnings various sums held in building funds by our KNCSB churches and associations.

Scholarship Funds:*

Allison Smith Memorial Fund

This fund is to provide a scholarship for a student committed to full-time Christian service who is from a KNCSB church and attending any Southern Baptist seminary.

Christian Higher Education Fund

The earnings of this endowment fund are used for scholarships to students attending Southern Baptist colleges, universities and seminaries, from churches in the KNCSB.

Delbert M. & Mary M. Baxter Memorial Endowment Fund

This fund was created in 2011 for the purpose of granting scholarships to students attending Southern Baptist colleges, universities and seminaries.

Wilbur Noble Memorial Scholarship Fund

This fund was established in January 2008 to provide scholarships for students attending any Southern Baptist college, university, or seminary who are in training for ministry or missionary service.  The scholarship is not intended for doctoral students.  Preference is given to students attending Southwest Baptist University, Bolivar, MO.

State Missions Fund

This fund is to be loaned to acquire sites and build buildings exclusively for new churches and missions. The interest received from these loans will be used in meeting the needs of people and for promoting the general missionary purpose of the KNCSB.

Vanderbilt Church Planting Fund

This fund is to be used for the acquisition of land and/or facilities to assist in planting churches in the KNCSB.

Webster Conference Center Endowment Fund

The earnings from this endowment fund are to provide support and development for Webster Conference Center, Salina, Kansas.

Weir Baptist Camp/Youth Endowment Fund

This fund was started in May 2014 to support Weir Baptist Camp, Weir, Kansas, for capital expenditures, major maintenance, or normal monthly expenses in the case of camp financial crisis.  If the camp is closed, the income shall be used to provide camp scholarships to youth in the Southeast Kansas Baptist Association.

*Scholarship applications are to be requested from Peg Davis, KNCSB Executive Assistant, at pdavis@kncsb.org in late fall/early winter.  Applications are to be submitted no later than the last day of February.  The KNCSB Christian Higher Education Commission meets in the spring to determine recipients and scholarship amounts for the upcoming academic year.   

 


 

Staff Contacts

R. Rex Lindsay – Interim President
peck@kncsb.org
Office 785-228-6800 xt 6804, Mobile 785-231-9294

Mari Parker – Loan Officer
mparker@kncsb.org
Office 785-228-6800 xt 6826, Mobile 785-640-2317

Becky Holt – Financial Services Manager
beckyholt@kncsb.org
785-228-6800 xt 6807

Dennis Burns – Christian Estate Planning Consultant
drdennisburns@gmail.com
316-644-7828

Keep an eye on the calendar for board meetings and other events and the blog for updates, news, and resources.

Skills

Posted on

November 13, 2017