First Baptist Church Endowment Fund
FIRST BAPTIST CHURCH ENDOWMENT FUND:
PROVIDING HELP AND SUPPORT
- To the ministries of First Baptist Church;
- To community programs;
- To state, national, and international missions;
- To help the church fulfill its mission.
MINISTRIES OF THE FUND
FBC Community Ministry
The fund provides 50 percent of the annual operating budgets for the church’s
Community Ministry and the Family Counseling Ministry. Community ministries
include the Food Pantry, the Clothes Closet, the Shower Ministry, and Grace
Fellowship, among others.
The fund supports major capital needs such as renovation of the sanctuary
organ, purchase of chapel organ and piano, and support for choir concert tours
and mission trips.
The fund provides support for this comprehensive ministry that provides activities
and programs such as aerobic classes for adults, basketball leagues for youths
and adults, volleyball, indoor soccer, physical fitness classes, and summer
camps for children.
The fund provides 65 percent of the annual operating budget for the church’s
Television Ministry and purchase of major equipment.
The fund supports new churches in metropolitan Richmond and Virginia, and
Community Ministry Missions
The fund provides support for more than a dozen ministries, particularly
for those providing food and shelter. It also supports the Boy Scouts, Virginia Home for Boys
& Girls, and the Virginia Home.
Education and Scholarship
The fund contributes to the Baptist Theological Seminary at Richmond, the
John Leland Center for Theological Studies, Virginia Union University School
of Theology, and First Baptist Weekday School. It also funds numerous
The fund supports the Richmond Baptist Association (and Camp Alkulana), Baptist General Association of Virginia (and direct funding to a number
of BGAV entities), International Mission Board (for Hunger and Relief), Baptist
World Alliance, mission trips for FBC youths, and mission partnership trips
for FBC adults. (Click here to see a
complete list of Ministry Partners supported by the FBC Endowment Fund.)
The fund provides support for church needs beyond budget capabilities, such
as building infrastructure, equipment, and shuttle buses.
HISTORY OF THE FUND
In his annual message in December 1910, Dr. George W. McDaniel, then pastor
of Richmond’s First Baptist Church, referred to the generous gift of “two of
our elderly members of moderate means” to an Endowment Fund.
From that small beginning a great fund of about $20 million has grown and
is now a mighty factor for the furtherance of Christ’s Kingdom and the Glory
Initially, a limit was placed on the size of the fund. The provision was
amended in the 1930s, removing any limitation on the size of the fund or any
individual gift to the fund. This made possible the acceptance of a generous
gift from Mrs. Bettie Davis Wood in 1938.
Since these early beginnings, the fund has grown through generous contributions
and through wise and careful management and investment.
In 1991, an anonymous donor contributed a very significant sum for support
of the television ministry, social ministry, and hunger and relief.
The First Baptist Church Endowment Fund is a separate legal entity from the
church. Its purpose is to support the missions and ministries of Richmond’s
First Baptist Church, including grants to the church and to other organizations
to support the ministries of the Church.
A board of directors (all members of Richmond’s First Baptist Church) determines
the fund’s investment policy and how to distribute its resources. The amount
to “spend” each year is set by multiplying by 5% the average fair market value
of the investment assets over the immediate past three years. In a typical year,
the fund distributes about $1 million.
HOW YOU CAN PARTICIPATE
First Baptist Church seeks your contributions to the fund and its planned
giving ministry in the form of gifts, bequests, other donations, or in the form
of insurance policies, if you wish. Your gift can be monetary, securities, or
Provisions may be made in your will for bequests to the fund. The proper
form for such bequests is: “I give and bequeath to First Baptist Church Endowment
Fund, Incorporated, Richmond, Virginia, the sum of $____________ (or other described
property) to be used by the directors of the Endowment Fund for any of the purposes
provided by the charter of the First Baptist Church Endowment Fund, Incorporated.”
Or you may make provisions in your will for a bequest for a specific purpose.
The fund will be glad to supply you with a complete listing of the causes and
programs it supports.
FBC Endowment Fund Board of Directors
Susan S. Beach
Kim O. Boys, treasurer
Thomas N. Chewning, vice president
Virginia S. Darnell, secretary
Charlotte K. Evans
E. Bruce Heilman
Carl W. Johnson, president
Linn P. Kreckman
James E. Kulp
Michael L. Lipford
James E. Markham
Burton M. (Mac) Marshall
James W. Norvelle
Julia O. Scott
Charles W. Tysinger
Dr. James G. Somerville,
First Baptist Church
Endowment Fund, Incorporated
Richmond, Virginia 23220