I have been fortunate to have several people who have had a profound spiritual influence on my life. Some are family, some friends, some co-workers and several have been ministers. Two such people for me are Lewis and Janine Wall (minister and friends). Lewis served God in pastoral ministry in Baptist churches in North Carolina, Virginia, Tennessee, and West Virginia from the age of 19 until his death at age 80. One of Lewis’ wonderful attributes was that he never knew a stranger. He had served as pastor at my home church before my arrival, but I was never fortunate to have him as my pastor. He had been my wife’s pastor at another church and did marry us. Kathryn and I shared an anniversary with Lewis and Janine, a fact we did not know when we picked the date of our wedding. This was just one of those many “God things” that connected Lewis and Janine with Kathryn and me.

Lewis had a great impact on many lives during his 60 years of ministry. He directly influenced more than 46 young men and women to pursue ministry and, out of his heart and compassion, made a Christian commitment for higher education for ministerial students experiencing financial hardships. Lewis knew about financial hardship. He was raised in a children’s home from the age of six and had no family support. He depended on numerous odd jobs and the goodwill and generosity of his churches and friends to help finance his education. Degrees were obtained from Bluefield College, Carson Newman College, and Southeastern Baptist Theological Seminary, and he did postgraduate work at Bowman Gray School of Pastoral Care and Duke University.

Lewis also knew about other types of hardship. His first wife died at an early age, leaving him with three sons to raise. He later married Janine Bradsher, who became his helpmate and partner in ministry.

After Lewis’ death, Janine and his three sons wished to honor him by establishing an endowment through the NC Baptist Foundation for ministerial students at Carson Newman University and Campbell University Divinity School. Their desire is to assist students who are seeking careers in the ministry at one of these two schools. They are especially interested in helping those who may be experiencing financial hardships.

If you have had someone that has made a profound spiritual influence on your life, why not remember them or honor them with a gift to the NC Baptist Foundation? You can donate to an existing endowment or you can establish a new endowment that specifically memorializes or honors that person. Want to find out more? Give us a call.

Summer 2016 The North Carolina Baptist Foundation, Inc. Vol. 32 – No. 2www.ncbaptistfoundation.org

Established 1920

Celebrating 96 Years of Serving Those Whose Stewardship Lasts Forever

Profound Spiritual Influences By Robert Simons, Central Area Manager

This was just one of those many “God things” that connected Lewis and Janine with Kathryn and me.

Janine and Lewis Wall

Spreading Good News 2 Summer 2016

What a joy it is to be involved in a ministry that the Lord has blessed and grown for the last 95 years. I’m sure the person who made that $1,000 gift for Baptist Hospital in 1919, with the stipulation that it be invested and used to support the hospital ministry in perpetuity, had no idea about

the kind of ministry that would grow out of their gift. But here we are, 95 years later, managing similar gifts that today total over $150 million. I’m sure that very first ministry partner could never have imagined that in the ensuing 95 years the NC Baptist Foundation would distribute $122 million to ministry and $50 million to individuals through trusts for a total distribution of $172 million.

You see, we tend to think that our little gifts to our little family endowment will never have much impact for Christ. Yet together, with God’s blessings, we can still experience miracles as great as our Lord taking a boy’s lunch of fish and bread and feeding thousands. If you doubt it, ask someone involved in one of the 541 ministries supported by the 1,387 permanent endowments managed by the Foundation today. God only knows what great plans He has for the total of 2,264 charitable accounts entrusted to the Foundation, which is the “Trust Agency” of the Baptist State Convention.

The Lord also continues to bless our newest ministry, North Carolina Baptist Financial Services (NCBFS). This 7-year-old ministry has already closed 110 loans totaling $60 million. We have closed loans in every part of our state and in 49 of the 100 counties.

When I was a child, I learned the simple blessing for meals that many of you learned: “God is great, God is good, let us thank Him for our food.” The 95-year history of the North Carolina Baptist Foundation is a testimony to the reality that God is Great and He is Good. Thanks be to God!

M. Clay WarfExecutive Director

All From Clay

...we can still experience miracles as great as our Lord taking a boy’s lunch of fish and bread and feeding thousands.

Investment ReturnsQuarter to Date 1 Year 3 Year 5 Year Since Inception*

NCBF Domestic Equity -1.50% -3.13% 9.20% 8.07% 5.80%

NCBF International Equity -1.44% -8.58% -1.04% -1.88% 2.22%

NCBF Tactical Composite -0.95% -6.63% 2.99% 3.40% 3.69%

NCBF Fixed Composite 1.49% 0.58% 1.50% 3.22% 3.96%

S&P 500 Index 1.34% 1.80% 11.83% 11.59% 13.15%

MSCI AC World ex US (net) -0.37% -9.18% 0.32% 0.31% 6.08%

MSCI AC World Index 4.88% -4.33% 5.55% 5.23% 4.69%

HFRI FOF Diversified -1.97% -4.53% 2.28% 1.70% 3.53%

BC Int G/C 2.45% 2.07% 1.83% 3.01% 4.18%

Stock markets got off to a turbulent start this year. Contributing factors were the slowing growth in China and falling oil prices, but in spite of these concerns most categories ended the quarter in positive territory. Non-cyclical sectors outperformed, with telecom, utilities, and consumer staples leading the way. In terms of capitalization and style, mid-cap stocks generally outperformed large- and small-cap stocks, while value stocks maintained an edge over growth stocks across the board. The S&P 500 ended the quarter up +1.34%. The Nasdaq Composite, dominated by information technology stocks, was one of the indices posting a loss, ending down -2.75%. The Dow Jones Industrial Average gained +2.20%. Developed international markets measured by the MSCI EAFE ended the quarter down -3.01%. Fixed Income markets had a strong quarter, returning +2.45% according to the Barclays Government Credit Intermediate Index.

Source: Consulting Group’s Orion. The information above has been obtained by sources considered reliable. Past performance in no way guarantees future results.*Growth, Balanced and Income Pool inception is January 1, 2002. Fixed Income Pool inception is September 30, 2008.

Spreading Good News 3 Summer 2016

Jack and Joan Cooper Honored as 2016 Heritage Award RecipientsJack and Joan Cooper are wonderful models in Christian

stewardship. Jack is in his second term on the Board of Directors of the NC Baptist Foundation where he has served on the Executive Committee and continues to serve on the Investment Committee. Joan has served two terms as Trustee for the Baptist Children’s Homes of NC. They are both active members of Corinth Baptist Church in Elizabeth City, where Jack has served as Deacon, Sunday School teacher and trustee. Joan has served her church as Sunday School teacher and Director of Woman’s Missionary Union.

Before their retirement, they were both engaged in the work of the J.A. Cooper Insurance Agency and State Farm Insurance, while at the same time providing for their children Gary and Dawn. Somehow Jack, with Joan’s support, also found time to serve their community as president of the Rotary and Ruritan Clubs, director of the First Citizens Bank, and board member of the Elizabeth City Foundation. Today they also have four grandchildren to keep them busy.

Under Joan’s leadership, the Corinth Baptist Church WMU Scholarship Fund was established to provide funds for church youth to continue their education beyond high school. Through Jack’s leadership, the church also established a Missions Endowment to provide resources for members

engaged in mission opportunities. The Coopers have also set up a Charitable Remainder Unitrust that will ultimately benefit Baptist Children’s Homes of NC, as well as provide the Cooper Family Scholarship at Wake Forest Health Services.

The NC Baptist Foundation was honored to recognize Jack and Joan Cooper as our 2016 Heritage Award recipients.

Jack and Joan Cooper with Executive Director Clay Warf (left)

2016 Heritage Honorees and Presenters

2016 NC Baptist Heritage AwardOn April 26, 2016, a special luncheon was held in the

Victoria Ballroom of the Sheraton Four Seasons (Koury Center) in Greensboro at which twelve state Baptist institutions and agencies honored individuals and couples for their exemplary service and giving. This award is called the NC Baptist Heritage Award. The keynote speaker was Dr. Paul Mullen, Minister of Congregational Care at Ardmore Baptist Church, Winston-Salem and former Director of Church and Community Relations at Wake Forest Baptist Health (NC Baptist Hospital). The twelve organizations and their honorees are as follows:

Baptist Children’s Homes of NC – Betty H. GreeneBaptist State Convention of NC – H. Kenneth Holland Biblical Recorder – Greg T. MathisCampbell University – Jack F. CoffeyChowan University – Ray and Judy FeltonGardner-Webb University – E. Harvey RogersMars Hill College – Ronald F. MartinMeredith College – Justus M. AmmonsNC Baptist Foundation – Jack A. and Joan D. CooperNC Baptist Men – Bobby W. and Betty H. BransonWake Forest Baptist Medical Center – William C. Warden, Jr.Woman’s Missionary Union of NC – Beatrice “Bea” McRae

Spreading Good News 4 Summer 2016

What if I told you that there is a fairly simple estate planning concept that allows you to give all or most of your estate away to your family and also give the same amount away to your favorite Baptist ministry? No, it’s not one of those “too good to be true” stories that we read about in the paper where someone has been taken advantage of. And, no, there is nothing magic or mysterious

about it either. We call it the “Give It Twice” concept at the NC Baptist

Foundation and have been helping folk all across North Carolina do this for years and years. It simply involves including a charitable trust in your estate plan.

The trust is set up in advance without any funding and is designed to receive assets from the Last Will and Testament, from a retirement account, from a living trust or whatever source(s) the donor chooses. For most couples, it is funded at the death of the second spouse.

Once funded, the trust begins to make payments, typically quarterly, to the named family members. Most often, the trust is set up to make payments for a term of years ranging from one to twenty years. If the trust makes a payment equal to 5% of the trust assets, then over a twenty-year period, the payments would

roughly equal the amount put into the trust. For example, if the trust was funded with $250,000 and made a 5% payment for 20 years, the family would receive $12,500 per year for 20 years for a total of $250,000.

Where does the “Give It Twice” part come in, you might ask? At the NC Baptist Foundation, whatever amount is left in the trust after making payments to family rolls over into a permanent endowment that will begin paying its earnings to the Baptist ministries selected by the donor(s). The donor is allowed to choose one or more different ministries to share in that income, and that income continues until Jesus returns. The endowment can bear the name of the family (or any name they choose) to remind the children and grandchildren that their parents/grandparents took their estate planning all the way by remembering to take care of family and by remembering to return a portion of their blessings to the Lord’s work.

“Give It Twice” is only one concept that is available in the Baptist Foundation’s tool belt to help you with your Christian estate planning. Call your area manager to come visit, hear your wishes and desires, and then help you weave your ideas into a reality that is not too good to be true.

Daryl TrexlerEastern Area Manager

Foundation Facts and Figures

Recently I took a familiar route to a familiar place. I went as far east as one can go in my neck of the woods without getting wet. My destination – the east end of Oak Island, a place we Baptists know as simply “Fort Caswell.”

On this occasion, just like many times before, I pulled up to the gate house and entered in -- this time to spend the weekend with a group of 6th graders on retreat.

Every time I pass through those Caswell gates, something neat happens. It was a great weekend, but being there made me a bit reminiscent. I have memories of being a camper and of being on summer staff in college. I have fond memories of staff retreats, family times, and of catching a few fish off the pier. Then, there

are more recent memories of attending senior adult retreats. Regardless of what I’m there for, I am always keenly aware of the special ministry that happens at Caswell.

I recently learned a little something about Caswell and some of its ministry. I realized that, while I was keenly aware of the ministry taking place, I wasn’t keenly aware of what makes some of this ministry possible. Every year, a group of senior adults come from all over our state to enjoy a whole week of Bible study, fellowship and community. As a part of this time, there is a musical concert that inspires and challenges. I knew of this ministry, but what I didn’t know was that this concert is partially

Down East

. . . endowments in their purest form look a lot like ministry.

“Give It Twice” is only one concept that is available in the Baptist Foundation’s tool belt to help you with your Christian estate

planning.

Bill OverbyDirector of Trust & Endowment Development

continued on page 5

Spreading Good News 5 Summer 2016

Sure Foundation

Russell JonesManaging Director

NC Baptist Financial Services

Patience is a virtue. Paul tells us in Galatians 5:22 that patience is a characteristic of the Fruit of the Spirit. Planning and implementing a building project requires a lot of patience. In the fall of 2012 I met Hunter Watson, a member of Crosslink Community Church in Mebane. He came to a meeting to learn about NC Baptist Financial Services for their new church building. As a result of that meeting, we began a long and fruitful

partnership. Crosslink was established in 2006 when Pastor Ken Tilley, who was on staff at Ebenezer Baptist in Hillsborough, was “sent out” to plant a church in the Mebane community. From that core group of some 42 people that went with Pastor Ken, Crosslink has grown spiritually and numerically.

Meeting in a rented facility for a young church is usually necessary but there is always the desire to have a permanent location. Crosslink had to be patient. The plan was to locate property, secure enough funds through the generous gifts of the membership and buy it without a loan. They found 16 acres of land that was perfect for their new location. As we learned

more about Crosslink’s plans for a building, we were able to determine a reasonable loan amount that would work within their budget. The church also wanted to raise as much money as possible before construction to reduce the amount of money they would need to borrow. From there they began the process of developing church building plans.

After over 3 years of working together and raising funds for the project, we closed a loan for the construction of their new facility. Patience is still required as it will take months to complete the building. Last fall the members of Crosslink held a ground breaking ceremony to dedicate the future building to the Lord. At the end of the ceremony, Pastor Ken asked us to form a cross on the spot where the building is to be constructed; a symbolic way of saying that even though the building will have a foundation of brick and stone, the church’s foundation is in Christ.

Loans to churches like Crosslink are funded through Certificates of Participation, an investment available to NC Baptist churches, Baptist entities and to residents of NC who are members of a NC Baptist Church. We offer a competitive interest rate and provide investors an opportunity to partner with Baptist churches across NC. Please contact us for information about our Loan and Investment Services.

...even though the building will have a foundation of brick and stone, the church’s

foundation is in Christ.

supported by an endowment specifically set up to provide this ministry for this retreat. Like many, I often think of endowments in terms of dollars, returns and investments. But, in just a few weeks, I’ll pass through the Caswell gates again and will see an endowment in its purest form – a concert that will speak to the hearts of senior adults.

Ministry happens all over our state, not just at Caswell. But, like Caswell, some of these

ministries are a direct result of endowments that have been created for a ministry purpose. You may have seen them. Endowments in our state look like sports equipment used for children’s camp, like a textbook for a college student, like food for a child in a foreign country, like a bottle of water taken into a disaster area, and the list goes on. It’s a simple conclusion, but one that I am reminded of often - endowments in their purest form look a lot like ministry.

Entrance to Fort Caswell

Spreading Good News 6 Summer 2016

The North Carolina Baptist Foundation, Inc.ANNUAL REPORT FOR YEAR 2015

“Above and Beyond”2016 Noel Inspirational Retreat

October 11-12, 2016Caraway Conference Center, Asheboro, NC

In 2015, the Foundation celebrated its 95th anniversary, and there is much to celebrate. It all started with a $1,000 gift for supporting the ministry of Baptist Hospital in perpetuity. Today we manage 2,264 accounts, 1,387 of which are endowments benefitting 541 different ministries on a permanent basis. In our 95-year history, we have distributed $122 million to charity and $50 million to individuals through charitable trusts for a total distribution of $172 million.

The mission of the NC Baptist Foundation is “to serve North Carolina Baptists and others in generating an increased awareness of Christian stewardship principles as a means of financially undergirding Baptist churches, institutions and mission endeavors on a permanent basis.” In 2015, the Foundation was blessed in our efforts to accomplish our mission as:

• 42 new accounts were established, most of which will permanently support Kingdom work in North Carolina and around the world

• Total gifts to all accounts was $5,376,312.58• A total of $7,924,388.53 was distributed ($6,002,348.18 to mission endeavors and $1,922,040.35 to individuals

through charitable trusts)• Assets under management declined from $152,648,455.47 to $146,537,294.91, primarily due to the investment market

being flat

Our newest ministry, NC Baptist Financial Services, continued to grow in 2015. By the end of the year NCBFS had provided 68 loans to churches totaling $37 million. The total invested in Certificates of Participation, which provides some of the resources for loans, was $13.2 million.

Join us at Caraway Camp and Conference Center, set in the Uwharrie Mountains of central North Carolina, for this annual event featuring a great time of fellowship and learning, shared by old and new friends of the Baptist Foundation. The time spent together will be filled with inspiration, special music, and entertainment while learning about Christian

estate planning and the various ways the Baptist Foundation can help YOU soar “Above and Beyond” what you thought possible.

The Noel Retreat will begin on Tuesday morning, October 11, with registration beginning at 9:30, and will conclude with lunch on Wednesday. You will have the option

of arriving at Caraway on Monday night, at your own expense, if it will make travel more convenient. The Foundation will cover all other expenses for the event.

Silent Auction: A special feature of this year’s conference will be a silent auction for the benefit of the Noel Inspirational Retreat Endowment Fund. Earnings from the endowment enables the Foundation to offer this annual event at no cost to participants.

Information and registration forms will be mailed soon. If you have not received an invitation in the past, or have not received information by the end of June, and are interested in attending, please call us or return the “Clip and Send” found on page 7.

Spreading Good News 7 Summer 2016

Spreading Good NewsVolume 32 - Number 2

The purpose of this publication is to provide accurate and authoritative information of general character only. The publisher is not engaged in rendering legal or tax advisory service. For advice and assistance in specific cases, the service of an attorney or other professional person should be obtained.Please send me: o Making Your Will Bookleto Endowment Fund Informationo Charitable Trust InformationoEstate Planning DVDoNoel Inspirational Retreat Information

For churches:o Fund Management Informationo Seminar Information/ Schedulingo Senior Adult Programo Church Loan Information

Please contact me:o I need estate-planning assistance.o I am interested in a Charitable Gift Annuity.o I am interested in the Certificates of Participation

_________________________________________________________________________________________Name: Rev. Dr. Mr. Mrs. Ms.

_________________________________________________________________________________________Address

_________________________________________________________________________________________City State Zip

_________________________________________________________________________________________Home Phone Work Phone

_________________________________________________________________________________________Special Request

We Want to Hear From You!Administrative Office201 Convention DriveCary, NC 27511-4257919-380-7334 • 800-521-7334919-460-6334 (fax) www.ncbaptistfoundation.org

Eastern Office – Daryl TrexlerPO Box 247Leland, NC 28451919-459-1673800-521-7334, ext 1673 (toll free)919-460-6334 (fax) dtrexler@ncbaptistfoundation.org

Central Office – Robert Simons10716 Hurdle Mills RoadHurdle Mills, NC 27541919-459-1682 800-521-7334, ext 1682 (toll free)919-460-6334 (fax) rsimons@ncbaptistfoundation.org

NC Baptist Financial ServicesRussell Jones, Managing Director4727 Matthews-Mint Hill RoadSuite 105 PMB 185Charlotte, NC 28227919-459-1680800-521-7334 ext 1680 (toll free)704-246-7287 (fax)rjones@ncbaptistfoundation.org

Q What is an endowment  spending policy and how does it work?

A A spending policy creates a formula that determines how much income is “spent” or distributed to charities each year.  This determination is  made each year by the Foundation Investment Committee by examining a number of items including investment performance, market conditions, beneficiary needs and anything else that could impact the endowments’ longevity and beneficiaries’ ability to continue its ministries.  The policy’s objective is to keep charitable beneficiaries at a reasonable level of financial support for their ministries and programs.  The Foundation implements an endowment  spending policy where the average of the December 31st market values for the past five years is multiplied by the spending

rate, currently at 4.15%.  This spending policy is applicable to endowment funds invested in the growth fund  created by individuals.  If a church, association, agency or institution creates an endowment, they may elect to participate in our spending policy or develop one of their own.  The spending rate is reviewed annually.

Q Can you draw up your own Last Will and Testament in North Carolina, and will it be legal?

A The law allows an individual to write his or her own Will, but being legal and being proper are two different things.  The drafting of the Will requires professional judgments that come from years of training and experience.  An analogy would be to ask if an individual is legally allowed to perform his or her own surgery.  The answer is the same.

Foundation Frequently Asked Questions

Spreading Good News 8 Summer 2016

On the Inside . . .Profound Spiritual Influences. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 1All From Clay . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 2Investment Returns . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 2NC Baptist Heritage Award Recipients . . . . . . . . . . . . . . . . . . . . . . . Page 3Foundation Facts and Figures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 4Down East. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 4-5Sure Foundation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 5Annual Report for 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 6Noel Inspirational Retreat . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 6We Want To Hear From You! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 7Foundation Frequently Asked Questions . . . . . . . . . . . . . . . . . . . . . . Page 7Welcome 2016 New Board Members . . . . . . . . . . . . . . . . . . . . . . . . . Page 8

PRSRT STDNon-Profit Org.

U.S. Postage

P A I DCary, NC

Permit 333

David Ashcraft, RaleighHarold E. Brown, CorneliusJack A. Cooper, Elizabeth CityR. Dale Fisher, HudsonBobbie W. Furr, Raleigh

Molly L. Foy, CharlotteFred J. Graf, WilkesboroNancy G. Harper, OrientalRodney S. Hicks, DurhamRobert D. Howard, Southport

Coy H. Jeans, Old FortCharles D. Kennedy, DurhamBetsy F. McSwain, AhoskieHarvey Montague, Raleigh Richard H. Newton, Raleigh

C. Allen Overton, Clinton, ChairJerry W. Rodgers, DenverJames C. Shelley, Jr., CreedmoorH. Ray Talley, EtowahHarold W. Vaden, Reidsville

Board of Directors

The North Carolina Baptist Foundation, Inc.201 Convention DriveCary, North Carolina 27511-4257

Welcome 2016 New Board MembersResidence and Family: Raleigh; Husband Bill, deceased 1999; Grown son and daughter; four

grandchildrenOccupation: Certified Public AccountantEducation: Forsyth Tech and Winston-Salem StateChurch and Ministry Work: Sunday School teacher, Finance Committee, DeaconCommunity: Trustee of Lonnie and Carol Poole Family Foundation; Board member, Read and FeedFun/Other: Sports, especially NC State football and basketball; Symphony and Theatre

Residence and Family: Durham; Wife is Gail; One grown sonOccupation: Director of Pastoral Care and Senior Adults at Ridgecrest Baptist Church; 35-year

engineering career in capital planningEducation: NC State University, Duke University, Wake Forest UniversityChurch and Ministry Work: Deacon, Sunday School teacher, Finance and Personnel committeesCommunity: Uses real estate broker license to assist young people in getting started; Durham Rescue

MissionFun/Other: Golf, gardening, travel and mission trips

Bobbie W. Furr- First term

Rodney S. Hicks- First term