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Estate & Gift Planning Advisory Board

Estate & Gift Planning Advisory Board Purpose Statement
The purpose of the Estate & Gift Planning Advisory Board is to champion the local Christian healing ministry of Mississippi Baptist Health Systems, Inc. Members of the Advisory Board have a passion for the mission and ministry of Baptist. Lending their expertise in areas related to planned giving, this group of professionals is community-minded and Christ-focused. Their involvement is a crucial element to the delivery and success of Baptist's planned giving program.

Luncheons are held three times a year at Mississippi Baptist Medical Center where members are provided packets of information and news articles that pertain to estate and financial planning. Also, during these luncheons, Baptist's leadership addresses the group and updates them on inside information about Baptist Health Systems. The Advisory Board participates in case studies and other important topics, in which members actively collaborate with one another to assist the Baptist Health Foundation in driving our planned giving program to new levels of success to support the mission and ministry of Baptist Health Systems.

Estate & Gift Planning Advisory Board members lend their expertise and time not only through their involvement at the luncheons, but also by holding seminars for our constituents about matters that directly affect them with planned giving to Baptist in mind. From time to time, members will be contacted by the Baptist Health Foundation staff to assist with needs related to gift planning questions.

Our goal is to have professionals in our community who are mindful of, and have a passion for, the local Christian healing ministry of Baptist. Assistance with our staff on the planned giving program is vital to securing planned gifts that benefit Baptist's patients, the communities we serve, our donors and their families.

The Baptist Health Foundation supplies proposals to our members on a wide variety of gift planning vehicles, in addition to PowerPoint slides with current estate and tax laws as well as financial and market changes, and also information important to the various disciplines our members practice.

Estate & Gift Planning Advisory Board

Mr. David B. Allen
Mr. Ron Applewhite
Mrs. Donna W. Bruce, Vice Chair
Mr. Steve M. Butler
Mr. Karl E. Byrd
Mr. C. David Cleland
Mr. Woody Coleman
Mr. Michael P. Denny
Mr. James K. Dossett, Jr.
Mr. Ted B. Edwards
Mr. David M. Howell
Mr. Ted D. Jackson
Mr. Barry K. Jones
Mr. J. Randall Mascagni
Mr. Ronald C. Morton
Mr. Joe W. Parker
Mrs. Rita B. Parker
Mr. H. Frank Rhea
Mr. Ralph A. Yelverton, Past Chair
Mr. R. James Young, Chair

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A charitable bequest is one or two sentences in your will or living trust that leave to Baptist Health Foundation a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [name], of [city, state ZIP], give, devise and bequeath to Mississippi Baptist Health Systems, Inc. [written amount or percentage of the estate or description of property] for its unrestricted use and purpose (or for a specific purpose or cause you wish to support here at Baptist)." 

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Baptist Health Foundation or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Baptist Health Foundation as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Baptist Health Foundation as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Baptist Health Foundation where you agree to make a gift to Baptist Health Foundation and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.