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The Louisiana Baptist Foundation was chartered for the main purpose of promoting and facilitating gifts to Baptist ministries through endowment, trust, and testamentary giving.

Since 1944, the assets managed by the Louisiana Baptist Foundation have grown to approximately $149 million dollars  as of December 31, 2018. These assets include money and other property given by individuals to establish permanent endowments for the benefit of Baptist ministries around the world. They also include money placed "on deposit" with the Foundation by Louisiana Baptist churches.

Currently the Foundation manages three separate pools or funds, each with a different purpose and objective.