Kitchen Vent Hood and Make-Up Air System
Thank you for supporting Faith. Below you will find information about two ongoing projects that you can help support, our Alumni Hall Project and our Seminary Building Project. To give directly now, click here.
The Faith Alumni Department appreciates our school's heritage, and we desire to honor our past presidents, professors, coaches, and alumni with a tangible memorial to our history. Alumni Hall will be a place where visiting alumni can call their own and share with their friends and family. It will feature Omaha, Denver, and Faith memories, as well as highlight our music, athletics, and summer team ministries.
Alumni Hall will be in the Nettleton Center and will include
• an expanded and up-to-date concessions stand
• seating and TV monitors to watch our athletic events
• digitally-wrapped columns honoring past presidents
• a three-dimensional timeline of the significant years of our school
Alumni Hall is a project that we want to do with excellence and we even hope to have it in progress by Homecoming 2017. However, we need your support through personal skills, prayers, and financial gifts to make this a reality.
A major aspect of our renovation is the concessions stand which is currently in the Nettleton foyer. We are hoping to replace some old equipment, and provide some additional food options such as soft pretzels, whole pizzas, and fresh warm cookies!
The current concession stand is small so we also plan to expand the area to provide more storage space for the workers. We are looking for licensed contractors such as plumbers and electricians to help us gather quotes as we prepare for this exciting upgrade!
Honoring Our Past – One Brick at a Time
For a $50 donation, an Alumni Hall brick can be dedicated in your name or in honor of someone you love. Sponsoring a brick is a meaningful way to leave your mark on campus or to show respect to a beloved teacher, coach, or family member, while helping make this exciting addition possible!
We hope to fill all the bricks surrounding the display case with plaques that represent various alumni, professors, mission trips, athletic teams, and supporting churches.
Each sponsored brick receives a plaque that will display the information below.
Line 1: Name of Person or Organization
Line 2: Years at Faith or Association to Faith
Line 3: Personalized Phrase
The personalized phrase can be 4-6 words long depending on the length of words. Some people have listed their life Bible verse reference, or others have put a description of how they will remember the person they're honoring.
You also can have a location preference. The brick plaques will be surrounding the current trophy case which will be redesigned to highlight music, athletics, and summer ministries. Some might prefer to be closer to one of these areas more than another.
Please consider how to get involved and help us spread the word about this exciting addition to our school.
Click here to donate towards Alumni Hall by selecting the "Alumni Projects" fund and designating your donation for a brick in the comment section of the form.
As our president, Dr. Jim Tillotson, has traveled across America during the first year of his presidency at Faith, he has been surprised by how many churches are without a pastor. As he has spoken with presidents at sister seminaries, they also report more churches asking for pastors than they have graduates. Jesus’ words in Matthew 9:37 are certainly as true today as when He spoke them: “The harvest truly is plentiful, but the laborers are few.”
Faith Baptist Theological Seminary specializes in training pastors, but we have a great need in our seminary. That need is a seminary building. Our students currently meet in classrooms surrounding our dining hall, which is not an ideal situation. Having a seminary building will help us train more pastors and train them more effectively.
Those of you familiar with Faith remember the Music Building across the street from our campus. The building is structurally sound but in bad shape. We have moved the Music Department out of the building and have decided to convert that building into a seminary building.
The total cost to remodel the building and reconfigure it to meet the needs of the seminary will be $350,000. We are thrilled to announce to you that two donors have stepped forward who will match the funds we raise for this project up to $150,000! That means every dollar you give will be doubled.
It is with great excitement to announce that we have met our goal, and God has brought in the necessary $150,000 to reach this matching gift!
Thank you for your donations and investing in our seminary students as they train to take the Word to the World!
We are utilizing volunteer help for a lot of the renovation work. We invite you to help us and to bring people with you from your church. Email Cody Huber if you are able to help. Volunteer help is the only way we can complete this project on budget.
Giving for Income
Charitable Gift Annuities
A gift annuity is an irrevocable contract between a donor and Faith that provides a fixed income for the life of the donor or other designated beneficiary. Gift annuities are regulated by the IRS and some state governments.
Fixed interest rates are based on the annuitant's age(s) at the time of the gift. Payments are made quarterly, semiannually, or annually, and a portion of each payment is tax free.
Gift annuities create an immediate charitable income tax deduction for a portion of the gift. If the gift is funded by appreciated assets, a portion of the capital gains tax is excluded and the remainder may be reported over a number of years.
Gift annuities may be based on one or two lives (annuitants).
Payments usually begin immediately, but they can also be postponed a number of years. These deferred annuities often have higher interest rates.
Revocable gifts go by several names: revocable gifts, withdrawable gifts, and deposit agreements. Very simply, they are an agreement whereby the donor allows Faith to use the donor's money until the donor wishes to have it back. As long as Faith has the money, interest is paid to the donor. (The donor may also waive the interest).
Interest rates are variable and are usually higher than those available commercially. Please contact us for current rates. Faith will issue a 1099INT for interest income.
The donor can withdraw the funds with thirty days written notice.
Upon the death of the donor(s), funds remaining on deposit are transferred to Faith, thus avoiding probate.
Pooled Income Fund
Faith's Pooled Income Fund is an investment tool that combines your gift with the gifts of many other donors. The gifts are professionally managed, and each year you will receive a proportionate amount of the fund's income.
A portion of your irrevocable gift can be eligible for a charitable income tax deduction. When you fund your gift through appreciated securities, you can also avoid capital gains taxes.
The fund will provide you with income for life:and the life of a beneficiary if you so choose. Upon the death of the beneficiaries, a proportionate amount of the fund can be used by Faith to provide for the education of its students.
Charitable Remainder Trusts
A charitable remainder unitrust is like a combination of a gift and an investment plan. You place assets in trust, and you (and/or another beneficiary) receive lifetime income from them:then Faith receives the remainder. With a unitrust, the amount you receive as income is a set percentage of the value of the trust assets, redetermined annually.
You also have the option of choosing one of five variations of unitrusts. A unitrust with a net income plus makeup provision, for example, pays only the actual trust yield, even if it is below the stated percentage. Then in later years, when the beneficiary needs more income, the trustee can invest the assets to generate a higher return and make up earlier deficiencies.
This option is excellent for devising a supplemental retirement plan. We can provide you with more details.
Giving for the Future
Many people have had a part in advancing the global mission of Faith through their testamentary gifts. You can do the same by update your will to include Faith, either with a specific dollar amount, a percentage of your estate, or a specific asset to be given.
Below is an example of how such a bequest might read:
I give, devise, and bequeath to Faith Baptist Bible College and Theological Seminary, Ankeny, Iowa...
... the sum of $___
... ___% of my estate
... the following property:
... the rest, residue and remainder of my estate.
The property comprising this gift is to be used to further the charitable purposes of Faith Baptist Bible College and Theological Seminary.
Letting us know in advance of your estate plans can help us plan for the future, especially if you wish your gift to fund a specific project.
Trusts are useful documents to accomplish a variety of stewardship goals. Giving through trusts may provide tax savings, especially if the trust is an irrevocable charitable remainder trust.
A trust is a private document, whereas a will belongs to public domain. A will can be contested after you have passed away, but a trust cannot be contested. A trust also avoids the delays and expenses of probate.
A trust can be revocable or irrevocable. A trust can be established during your lifetime (inter vivos) or through a will (testamentary).
A trust is also a good mechanism for managing and transferring assets before or after your death. Faith can work with you and an attorney to establish a trust that benefits you, your family, and the ministry of Faith.
When you first obtained your life insurance policies, you obviously felt a need for them. Perhaps you do not need all that coverage today, yet you still have those policies. If you are thinking about a contribution to Faith, a gift of your life insurance could be a sensible, as well as generous, course of action.
If you make Faith the owner of the policy, you will normally receive an income tax deduction for the policy's fair market value or cost basis, if lower, on the date of the gift.
If you name Faith as beneficiary of the policy (and retain ownership), you will receive an estate tax deduction for the insurance proceeds.
You can also use life insurance to replace the value of a different gift. For example, you could donate stock to Faith because of the tax advantages and purchase life insurance to benefit your heirs in the amount they would have received had you left them the stock.
The most expensive way to pass on assets to family members is by making them the beneficiaries of a retirement account. Deferred income taxes, estate taxes, and gift taxes can consume up to 85% of retirement plan assets.
A more efficient way is to give other assets to loved ones and to make Faith the beneficiary of your 401k, 403b, IRA, or other tax-sheltered accounts. You can also make Faith a secondary beneficiary, so the assets are only passed on to Faith if your primary beneficiary (e.g., your spouse) is no longer living.
By making Faith the beneficiary, you retirement assets will avoid excessive taxes and probate.
Life Estate Agreements
This tool is ideal for donors who would like to see their real estate put to good use after they pass away but who need to use their home, vacation home, or farm during the remainder of their lifetime.
Life Estates transfer the ownership (or partial ownership) of real property to Faith, allowing the donor to reduce capital gains and estate taxes.
The donor retains the use of the property for the remainder of his or her life (and/or the life of another person, usually a spouse). After the donor passes away, the property is used to further the ministry of Faith.
Charitable Lead Trusts
Are you concerned about the possibility of the government taking a huge part of the assets you were planning to leave your heirs?
A charitable lead trust provides you a strategy to pass assets to your family with significant estate tax savings while making a gift to Faith. After we receive income from assets in the trust for a period of years, the principal goes to your family with estate or gift taxes usually reduced or even eliminated.
The lead trust is an exceptional way to transfer property to your children or other heirs at minimal tax cost.
It is an ideal instrument if you are willing to forgo investment income on an asset but do not want to have estate taxes reduce the principal passed to your heirs. With a lead trust, you carry out your philanthropic plans over the coming years and save on taxes.
Current Projects at Faith
Alumni and friends of Faith often want to know some of the current projects at Faith toward which they might give. We add new projects as we complete past projects, so check back to see what new projects we have added.
Our current project is adding lights to our sand volleyball courts. Click here to learn more!
If you would like to contribute to any of our current projects, please use the information below.
Send checks, money orders, or credit card information to
1900 NW Fourth Street
Ankeny, IA 50023
Call toll-free 1-800-409-3305 with credit card information.
You may make secure donations to Faith online. Click here to make your donation.
Read about the latest updates about our new seminary building from one of our student writers. Read More
Faith is pleased to welcome Miss Kim Tanner back to our faculty. Read More
Jordan Sauser has joined the Faith Family as the director of financial aid and coach of the men's soccer and track and field teams. Read More
We invite church work teams to help us renovate the former music building into our seminary building. Read More