Frequently Asked Questions

What is BBC Foundation?
Established in 1992 by Baptist Bible College & Seminary, Clarks Summit, Pennsylvania, BBC Foundation exists to assist ministry leaders, individuals, and churches develop biblical stewardship ministries through financial education and planned giving services. The team of professionals at BBC Foundation are ready to assist you in thinking stewardship, creating legacy, and impacting people.

Who is Baptist Bible College?
Baptist Bible College & Seminary began in 1932 as a school to train men and women for full-time ministry. Today, BBC&S continues to prepare passionate Christian leaders for global impact. Over 10,000 people have attended BBC, and alumni are living in 47 countries and all 50 states.

What services does BBC Foundation provide?
BBC Foundation works with individuals to develop stewardship strategies designed to accomplish their goals. Stewardship strategies include:

• Estate Planning and tax minimization
• Business Succession Planning
• Capital Gains Tax Avoidance
• Increased Retirement Income
• Income Tax Deductions
• Protected Investments
• Charitable Gifts

What is the difference between a Revocable Charitable Trust and a Charitable Gift Annuity?
A Charitable Gift Annuity (CGA) is distinguished from a Revocable Charitable Trust (RCT) because a CGA is tax-deductible and provide more attractive interest rates. However, a CGA is not revocable meaning you cannot withdraw the funds, whereas with an RCT, you may withdraw the funds if necessary with no withdrawal penalties.