On Sunday, December 1st, we will have a “First Fruits Offering” as part of our worship service. At this time, each family will give their first contribution toward meeting their pledge. New tithe envelopes will be available so you can clearly identify contributions that are for the building fund.

If you are able to give a pledge amount up front instead of spreading it over three years, this would greatly benefit the church. You can give any amount by placing it in the offering plate and clearly identifying it as “Building Fund”.

The church Financial Secretary is the only person who will have knowledge of any pledge and gift amounts. This is the same person who processes tithes and prepares tax statements for all other giving.

We currently lease the modular building and pay approximately $950 per month, subject to annual increases. The new building would eliminate the need for the modular building freeing up that monthly amount.

At this point in our campaign, we believe it is not a question of “if” but “when” we begin building. The question of when we break ground is dependent on a number of variables, including: how much are we able to sell the back property below the lake for? How much does the actual building cost end up coming in at? How much does the site work end up actually costing? And yes, how much do we as a church body end up actually pledging to this campaign? Worst case scenario, we would launch a second round of fund raising in 3 years after this campaign is complete. We ask that you pray for God’s provision to be timely, allowing us to move forward with building sooner rather than later.

Our existing sanctuary is not adequate to accommodate any growth. If we were to only build offices and classrooms, we would soon be back in the same position of needing to build a new sanctuary. It is important that we build adequate facilities that will allow us to grow across all segments of church ministry: corporate worship, Sunday School, children’s ministry, and youth.

At the business meeting on May 22, 2019, the Building Committee announced the direction it was moving in. This announcement included the type of building we were planning and the fund-raising campaign we are now conducting. There will be a vote prior to any commitment to spend and/or borrow funds to break ground and begin building.

It is difficult to give a definite date for when we will break ground. This will depend on a number of variables, including: how much the building fund campaign receives in pledge commitments, how much we sell the back of the property for, how much the final construction cost comes in at, how much the final site work costs, approval of plans by Planning and Zoning Commission, etc. While we will not break ground until we have secured funding to finish what we begin, we believe it is likely we could break ground in 1 – 3 years.

If you have questions or need help with gifting assets or investments, we recommend you contact Richard Carnes at 502-489-3421. Richard is the President & CEO of the Kentucky Baptist Foundation. He is located in the offices of the Kentucky Baptist Convention.

Yes. However, donating Series EE bonds will not allow you to avoid paying taxes. You will owe tax on whatever interest the bond has earned up to the time you reissue it to the church.

Lakewood Baptist Church has established a brokerage account with Fidelity for the purpose of receiving these gifts. You can contact the church Financial Secretary, Linda Creech, for the necessary form to facilitate these gifts. Linda can be reached at 502-649-6001.

• Traditional IRAs
• Inherited IRAs
• SEP IRA (inactive plans only)
• SIMPLE IRA (inactive plans only)
  • Your IRA Custodian may need the follow information to process a QCD:

Who to make the check payable to:        Lakewood Baptist Church

What is Lakewood’s Tax I.D. Number:    61-1149258 (FEIN)

Where to mail the check to:                          Lakewood Baptist Church

13803 Shelbyville Road

Louisville, KY 40245

If you are age 70 ½ or older, you must take a Required Minimum Distribution (RMD) from your IRA each year. This RMD is taxable to you as ordinary income. Instead of taking the RMD and paying taxes, you can tell your IRA Custodian you want to make a “Qualified Charitable Distribution” (QCD) from your IRA. They will make the check payable to Lakewood Baptist Church and no taxes will be owed. Keep in mind, you must be at least 70 ½ years old when you request the QCD or the distribution will be treated as taxable income.  Also, the check must be made payable to the charity; if the check is payable to you, it will not qualify as a QCD and would be treated as taxable income. Account types that are eligible for QCD’s include: 

• Traditional IRAs
• Inherited IRAs
• SEP IRA (inactive plans only)
• SIMPLE IRA (inactive plans only) 
• Your IRA Custodian may need the follow information to process a QCD:
• Who to make the check payable to: Lakewood Baptist Church
• What is Lakewood’s Tax I.D. Number: 61-1149258 (FEIN)
• Where to mail the check to: Lakewood Baptist Church

Attn:  Financial Secretary

13803 Shelbyville Road

Louisville, KY 40245

If you still have any questions, please ask Stan Wagner.

• Mobile: 561-352-4814
• Office: 502-243-9433
• Email: StanGWagner@gmail.com