About Legacy Giving

Legacy giving with PTNF is an opportunity to invest in the work of Jesus Christ around the world that will survive the life of the donor. Proceeds from investments such as dividends will be used to provide for your favorite work for Christ. These proceeds will continue indefinitely over the years providing many times the initial investment. The concept is simple; cash, stocks, or other items of value can be donated to Proverbs Three Nine Foundation. Stocks without proper dividends or items of value will be sold and then invested in approved investments. Cash of course will be used to also purchase investments. The return from these investments will then be sent quarterly to the organization.

Legacy giving may also be made through your will or as beneficiary. To do this, you will need to include PTNF’s EIN and address. Please use our contact page to contact us for this and other information you will need. Please note that any wishes for the giving must meet the specifications provided below.

How is Legacy Giving with PTNF different from others?

Many organizations ask you to include them in your will or as beneficiary of your life insurance. When you die, the allotted money is given to the organization where it is spent as they wish. They are legacy gifts because they are what you leaving behind as a part of who you are - your contribution to the world. At Proverbs Three Nine Foundation, we believe that a true legacy continues to live on and is not consumed in a short time. That is why they are not spent on operations or even special projects though those are important. These gifts are invested so that the proceeds will continue on for generations - a true legacy. Most churches and other organizations are not equipped to do this and that is why PTNF exists - to honor the Lord with our wealth for many generations.

Many of the instruments for giving, Charitable Gift Annuities, Charitable Remainder Trusts, Deferred Gifts Through Wills and Bequests, and Donor Directed Funds do not provide this type of legacy giving. In general, they only provide lump sums upon your passing.

What are Works for Christ?

A work for Christ is any non-profit organization contributing to the spread of the Gospel through various means. To be considered for legacy giving, it must meet the requirement set forth by the board of directors.

• The organization must first hold to a statement of faith in agreement with PTNF.
• The organization must be certified by the IRS as meeting the requirements of a non-profit 501(c)(3) organization.
• The organization may support both domestic and international ministries.

Should you desire to have your legacy used toward the funding of a particular missionary, you need to remember that this fund should carry on beyond the life of the missionary or their term of service. If the missionary leaves the organization, said organization would then use the designated funds without any restrictions.

If the designated work for Christ ceases operations for any reason or changes their statement of faith to conflict with PTNF’s, the board of PTNF would then reallocate the funds to other organizations.

How are the investments selected?

The Board of PTNF selects investments that provide a strong return on the value of the investment. They must provide a minimum 5% return on the current value of the investment (IRS requirement). Should the return decline and approach this value, the investment will be sold and reinvested in something that provides a better return.

Are there any concerns?

1. You should be aware that any gift to PTNF is irrevocable according to IRS regulations.
2. Economic and government factors are not constant. We firmly believe God is in control of all these factor and we have a responsibility to work within them to do our best to ensure continued contributions to the works of Christ. However, we cannot guarantee that these factors will always remain favorable. Rates of return may vary so that the contributions may fluctuate. Government regulations may also change affecting the use of funds or taxation of funds.
3. PTNF may someday cease operations. While the board of directors is committed to keeping it running through many generations, the future is in God's hands, not ours. Should PTNF close, assets will be distributed to the works of Christ per recorded wishes.
   
4. PTNF is not providing a designated giving fund. Once you have provided a legacy gift and made your wishes know for the proceeds, you will not have an opportunity to change where the proceeds will be sent.
   

Is Legacy Giving with Proverbs Three Nine Foundation right for you?

If you want some portion of your legacy to continue for many generations, a gift to PTNF may be right for you.
Please use our contact page so that we can talk with you about legacy giving.