Why Does Proverbs Three Nine Foundation Exist?
We exist primarily to bring glory to God by being
wise stewards of the funds provided to us through God’s good graces. We
create grants for Christian organizations that are actively engaged in
making more and better disciples of Christ (Matt 28:19-20). Our intent is to provide ongoing funds without depleting the initial investment.
What Kind of Organization is Proverbs Three Nine Foundation?
We are a non-profit corporation registered in the
State of Washington. We have received our 501 (c) (3) non-profit status
with the IRS. We are classified as a private foundation. A private foundation
is a legal entity set up by an individual, a family, or a group of
individuals, for philanthropic purposes. Because the funding for the
organization is not widespread, the IRS only allows tax deductions at a
30% level instead of 50%.
Why Was Proverbs Three Nine Foundation Formed in This Way?
We formed the Proverbs Three Nine Foundation with
the express purpose of honoring the the Lord with the abundance that He
has provided us. We want to leave a legacy that will extend to future
generations. We researched various options:
- Charitable Gift Annuities
- Charitable Remainder Trusts
- Deferred Gifts Through Wills and Bequests
- Donor Directed Funds
How Will Donations to Proverbs Three Nine Foundation Be Used?
Small donations will be sent directly to
organizations without setting up reoccurring grants. It is actually
counterproductive to send us donations and then have us forward the
funds to an organization. Large donations will be used to increase the
size of existing holdings used for reoccurring grants. Donors may
suggest how the donations are to be used, but we do not provide donor
directed funds. If you want to join us and your suggestions agree with
our goals, we will do our best to incorporate them in our planning. You
may contact us by using the form in the column.
Can Assets be Donated for Reoccurring Grants?
Assets such as stocks and bonds held in brokerage
accounts are easily donated. If they already produce an acceptable rate
of return, the dividend or interest will be used to fund an reoccurring
grants. Otherwise they will be sold and the proceeds will be reinvested
to achieve the necessary rate of return.
Other assets may also be donated but will most likely be sold and reinvested. An example of an asset that probably would not be sold is the copyrights to books so that Proverbs Three Nine receives the royalties, providing the valuation of the rights and the royalties produce an acceptable rate of return.
Other assets may also be donated but will most likely be sold and reinvested. An example of an asset that probably would not be sold is the copyrights to books so that Proverbs Three Nine receives the royalties, providing the valuation of the rights and the royalties produce an acceptable rate of return.
Who Runs Proverbs Three Nine Foundation?
Ray and Terri Ruppert are the founders, directors, and officers.
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Ray Ruppert is retired and an author of several
Christian books. He has a Masters of Arts in Theological Studies from
Liberty University and is an active member at Canyon Hills Community
Church in Bothell, WA. He writes sermon questions used by some of the
church’s Life Groups. He is also a biblical counselor at the church.
Gunnar Gordon is an associate member of the
American Society of Home Inspectors. He is the proprietor of COR 1031
Home Inspection. Gunnar has been successfully self employed operating
Gunnar Gordon's Mini Repair.
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Terri Ruppert is an Administrative Assistant
working at Canyon Hills Community Church and is an active member. She
serves with Ray in biblical counseling and writing sermon questions. She
also heads the church's prayer chain.
Yvonne Gordon is with the MODIV Group as VP, Luxury. She graduated from the University of Washington. Yvonne enjoys travel - Europe - and spending time with her children
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What Is Your Privacy Policy?
Proverbs Three Nine is required by the IRS to
include the name and address of significant contributors when we file
our tax returns each year. Our tax returns are public records. We do not
share any information of other contributors with anyone. Anonymous
information available from your browser is collected and used for
traffic analysis purpose. It is not shared with anyone.
What is your Statement of Faith?
- The Holy Scripture is the infallible, inspired word of God and is the only authority for all doctrine, faith and practice (2 Timothy 3:16).
- Salvation is through Jesus Christ alone (John 14:6; Acts 4:12; 1 Timothy 2:5-6).
- Justification (being made right before God) is an act of God, by which he accepts us as righteous in His sight, solely on the merits of Christ (Ephesians 2:8-9; Romans 5:1).
- Salvation is based solely on the imputed righteousness of Jesus Christ and is not earned by any human effort or will (Ephesians 2:8, 9; Romans 5:1, 2).
