The QLBC Foundation is a tax-exempt corporation formed to support the ministry of QLBC. Its purpose is to provide a vehicle for the friends of QLBC to support the church in special ways right now and to remember the church in their wills and memorials. Through the QLBC Foundation, they can be assured that such funds will be administered for the benefit of QLBC programs separate from the church's annual operating budget.
We have been taught throughout life that regular giving is a part of our stewardship responsibilities, recognizing God's ownership of all. Our present giving is critical to the strength and witness of God's Church, but also important is the distribution of our estates after we have gone on to be with our Lord. Therefore, as part of our total stewardship program, we should spend the necessary time to do a thorough job in planning the distribution of our estates. Regardless of your charitable giving goals,an up-to-date will is one of the most important legacies you can leave your family. The QLBC Foundation has been established to assist you in this very important aspect of stewardship.
Will money I leave to the Foundation avoid taxation in my estate?
Yes, the QLBC Foundation is a tax exempt organization under section 501(c)3 of the Internal Revenue Code, and amounts left to it will not be included in your taxable estate.
How will The Foundation use its money?
To support the ministry of Quail Lakes Baptist Church in various ways:
- New program development
- Additional missions support for the community and the world
- To promote and support scholarships for short-term mission work and for seminary level courses in preparation for full time ministry
- To receive and administer funds for other educational and charitable purposes as desired by donors upon approval of foundation members
- Property acquisition and management for future church needs
- Building programs to ensure church and ministry needs
QLBC Foundation Board of Directors and Officers
The Foundation is governed by a Board of Directors elected by the QLBC membership. There are eight board members serving for three year terms on a rotation basis:
Lester Cook, Chairman
Fred Hammond, President/Treasurer
Paul Kozlow, Secretary
Marc Maffucci, Director