2024 Financial Summary
During our years of ministry, American Baptist Foundation (ABF) has managed charitable trusts, gift annuities, endowments, donor advised funds, investment accounts, and other planned giving assets. A long tenure of prudent administration and investment management continues to help us ensure that the needs of our donors, members, and other ABF partners in ministry and mission are met. Note the following financial highlights for 2024 (pre-audit).
$188.7 million in total assets under management $9.1 million in income distributions to our donors and income beneficiaries $1,625,362 in final distributions to ministries
Life Income Agreements Life income agreements allow donors to establish gifts that also produce income for themselves or designated individuals, usually for life. At the end of 2024, ABF-managed agreements included:
Charitable Trusts – 74 trusts managed totaling $18.9 million Charitable Gift Annuities (CGAs) – 284 CGAs managed with $8 million held in reserves Other Agreements Managed for ABF Partners – 18 accounts totaling $819,115
Assets Under Management
Financial Summary Year
$165.3 million
$183.4 million
$156.4 million
$171.5 million
$188.7 million
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