By Baptist Message staff
ALEXANDRIA, La. (LBM) – Louisiana Baptist Foundation trustees and staff celebrated the entity’s 80th anniversary during the March 5 board meeting.
LBF Executive Director Jeff Steed offered thanks for how God has allowed the foundation to partner in ministry with Louisiana Baptists to build the Kingdom “one dollar at a time, one ministry at a time, one life at a time.”
Throughout the year, the LBF plans to celebrate its anniversary by providing an additional $80 to each gift provided by donors to Louisiana Baptist churches and ministry given through the Foundation, and an additional $80 to each new account opened (availability of one per church), while funds are available for both offers. Also, the foundation will be posting monthly updates on its social media pages about its history and how God has blessed it since inception.
Steed noted the ministry, which was chartered in 1944, has helped Louisiana Baptists have a return of $15.70 for every dollar of Cooperative Program funds received.
“It’s pretty astounding to know God has taken the foundation from $0 to over $250 million in assets since its beginning,” Steed told the Baptist Message. “And what’s exciting is that it is not our money, but it belongs to Louisiana Baptist churches and ministries as we help them generate more money on their cash reserves and investments to maximize their impact.”
