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Individual Money Management

Individual Money Management

Walt and Rebecca have recently retired. They have been careful through the years and have managed to accumulate some resources. Having just started their retirement years the future is uncertain but they are dissatisfied with CD and money market returns.

Walt: We are looking for a place to put these assets so they can work for us. We are not comfortable with the ups and downs of the stock market. If we do not need these funds we want to give a significant gift to Free Will Baptists.

Rebecca: I am not comfortable managing our savings. I just want to give it to someone we can trust to do a good job and hopefully benefit the Lord's work as well.

They discovered that Free Will Baptist Foundation offers Money Management trusts that can achieve their goals.

Money Management trusts are fully revocable trusts that earn a variable rate of return. The funds are conservatively invested in government agency bonds and certificates of deposits. Throughout the years the funds have earned 2-3% above the inflation rate.

Individuals must name a Free Will Baptist ministry as a 20% beneficiary of the Money Management trust. This provision only takes place upon the death or deaths of the individuals.

Walt and Rebecca liked the concept of the Money Management Trust. It allowed them to make a provisional gift to Free Will Baptist ministries upon their deaths but retain the right to fully revoke the trust at any time. The conservative, government backed investment style was what they desired for their savings.


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