nineteen hundred and forty-six - Amazon Web Services

468 SOUTHERN BAPTIST CONVENTION
MEMORIALS IN PROCESS OF BUILDING
To William Lunsford, D.D. (Objective $1,000,000.00) $370,000.0(1
To Governor C. H. Hardin, Missouri 65,231.65
STATE FUNDS MERGED WITH OUR BOARD
Tennessee: The Tennessee Fund, transferred to the Relief and Annuity Board in
1926, the income from which is available to Tennessee Relief Beneficiaries (Book
Value) $10,000.00
Missouri: Missouri Baptist Ministers Aid Society, transferred to the Relief and Annuity
Board as the Governor C. H. Hardin Memorial Fund by the Executive Board
of the Missouri Baptist General Association under a trust agreement. This Fund
in process of liquidation will be added to by some $23,000.00. Cash transferred.... 56,576.65
Texas: The Texas Relief Endowment, the income from which is to be used for relief
grants in Texas 2,000.00
Mississippi: Income from the Mississippi Trust Fund to be used for Relief benefits
in that State 3,156.49
STATE FUNDS THE INCOME FROM WHICH IS CEDED TO OUR BOARD
Maryland: The income from the Widows' and Superannuated Minister's Fund, the
Principal amounting to approximately $25,000.00
South Carolina: Income from the C. C. Brown Memorial Fund by vote of the Convention,
November 16, 1937, to be used for benefits under the South Carolina
Convention Ministers Retirement Plan. Principal approximately 54,185-75
Income from the B. D. Camp Fund used for Relief Benefits in South Carolina.
Principal approximately 10,519.85
Georgia: Income from Georgia Relief Fund for Relief benefits in Georgia—the fund
approximately 45,000.00
North Carolina: Here there is an Aged Ministers' Relief Fund of approximately
$45,000 in the custody of the Baptist Foundation of North Carolina, the income
from which is now sent to the R. & A. Board 56,645.62
•Other invested funds having book value of approximately $14,963.00 now in process of
collection in Missouri, will be added to the C. H. Hardin Memorial as received.
CONCERNING OTHER FUNDS HELD BY ORGANIZATIONS WITHIN THE STATE
Virginia: Baptist Ministers Relief Fund: This fund was continued intact by the Virginia
General Association in 1920, and the income is used for the emergency
relief of needy Baptist ministers in Virginia, or dependents of deceased Baptist
ministers. The amount of the Fund is $67,500, and the income on this fund,
together with certain special receipts, enabled the Board to make donations of
$1,940 during 1943 63,645.39
Kentucky: The Baptist Ministers Aid Society, has assets of approximately $65,000,
the income from which is used to pay supplemental relief benefits that range
from 25% to 35% of the amount paid by our Board. All beneficiaries on the
rolls of both the Society and our Board are recommended by the Society; the
Society and the Relief and Annuity Board work in the closest co-operation.' 65,000.00
EXHIBIT F
FULL TEXT OF THE
WIDOWS SUPPLEMENTAL ANNUITY PLAN
Introduction
The several contributory retirement plans operated by the Relief and Ann
Board have long since justified their existence, are proving a blessing to our
entire constituency, and have already become a vital stabilizing factor in the
denominational life.
Liberal as they are in the benefits they offer, it has been recognized,
inception, there is an element of security lacking in them. They have offered
insufficient protection to the widow of the man removed by death before entering
upon a retirement annuity.
Looking toward some plan supplemental to the Ministers Retirement Plan
operating in that state, the South Carolina Baptist Convention appointed a
committee in 1942 to confer with the Relief and Annuity Board. Two years of
study and some half dozen conferences followed. As a result, the Widows Annuity
Plan, issued as a supplement to the Ministers Retirement Plan of South
Carolina, began operating in that state July 1, 1945.
With that plan as a model, the Relief and Annuity Board is now offering
tended coverage by way of a widows supplemental annuity plan to be operated
southwide. In order to offer the protection the plan affords to all, the plan is on
a dual basis.