Wise Stewardship | The Institute for Creation Research
 
Wise Stewardship
 

Most of us are familiar with the Biblical principle of "stewarding" our resources in such a way that our complex family, church, and Kingdom responsibilities are evaluated carefully. We must first provide for our family (I Timothy 5:8). We must give regularly and systematically to our church (Malachi 3:10; I Corinthians 16:2). We must also consider the broader work of our Lord in the Kingdom (I Corinthians 8:1-7; Galatians 6:7-11). Sometimes the Holy Spirit tugs at our heart to "do" more, but we feel a real conflict between the priorities. Here are a couple of recent examples of those whose choices reflected wise stewardship.

Ownership into Income

A gift of stock purchased some time ago was given to ICR in exchange for a Charitable Gift Annuity (CGA). The donor could have sold the stock, but would have faced a fairly hefty capital gains tax along with an on-going tax on the interest earned (as small as that is at the present). Instead, by "gifting" the stock to ICR for a CGA, the donor receives a significant tax deduction for the "profit" from the stock (at present market value), and a guaranteed income for life. That income is much larger than could be earned in another guaranteed format, and a large portion of the income is tax-free—thereby compounding the effective yield from his stock. Both ICR and the donor benefit.

Maturity Transfers

Another donor lives in an assisted living home. The nature of the relationship with the home suggested that any "new" assets be given to that organization. When a recent annuity matured, rather than allow a commercial venture to further profit from the resource, the "old" asset was given to ICR. That donor had already taken care of family and church, so it was pleasing to "give" a significant donation to ICR that might have gone elsewhere. The donor's heart of stewardship was satisfied and ICR received wonderful and timely help. Life insurance policies, annuities, maturing bonds and CD's can all be used in this way to "fund" special gifts for the Lord's work.

Cite this article: Henry M. Morris III, D.Min. 2004. Wise Stewardship. Acts & Facts. 33 (1).

The Latest
NEWS
Fossil Chromatin Looks Young
What are the odds that a buried animal would still have intact DNA after 125 million years? Researchers publishing in the journal Communications Biology...

NEWS
Inside October 2021 Acts & Facts
How is the Lord’s handiwork on display at John Pennekamp Coral Reef State Park? Does the universe look old? What can we learn about science and...

NEWS
Two-Volume Series: Restoring the Truth about Origins
The subject of origins continues to attract interest from the public and the scientific establishment. Understanding our origins informs us of who we are...

ACTS & FACTS
Creation Kids: Floods Form Fossils Fast
Christy Hardy and Susan Windsor* You’re never too young to be a creation scientist! Kids, discover fun facts about God’s creation with...

ACTS & FACTS
A Battle for Hearts
Since the ICR Discovery Center for Science & Earth History opened in fall of 2019, tens of thousands of people have walked through our doors. They...

APOLOGETICS
Eating Bugs Isn't Always So Simple
The Lord Jesus Christ deserves glory for why He made Earth’s diverse creatures, and He also deserves glory for the complicated details of how...

ACTS & FACTS
Does the Universe Look Old?
Since distant galaxies are billions of light-years away, some understandably assume that distant starlight must have taken billions of years to reach...

ACTS & FACTS
Hawaii Behind the Scenes
ICR Research Scientist Dr. Brian Thomas and ICR Video Producer Clint Loveness, with help from friends and family, recently shot footage in Maui, Hawaii,...

ACTS & FACTS
Mutation, Design, and Faith
Any alteration in a cell’s DNA sequence is a mutation. These changes can come from copying errors, exposure to chemicals or radiation, or from...

ACTS & FACTS
Another Function of 'Junk DNA' Discovered
For decades, evolutionists suggested that huge sections of our genome (about half) did not actively code for the production of proteins or polypeptides—and...