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August 17, 2007
Jerry Fallwell leaves debt-free legacy
Jerry Fallwell lived what he preached. By his instruction, almost all of his life insurance policy was used to cover the remaining debt of Liberty University--the school he founded in 1971. (Read the ABP story here: Fallwell's Life Insurance Policy erases Liberty University debt.)
Typically we think of tithing when we talk about stewardship. And for most Christians that is as far as they go. What about the other 90%? Doesn't God own that too? Of course he does. We just haven't done a very good job at teaching people what to do with the other 90%.
I believe that many people want to do everything in their power to continue the ministry of their church. And many would be willing to give a portion of their estate to ensure the continued viability of its ministry beyond their own life in this world.
But the conversation has to take place. The options have to be laid out. And the decision has to be made before we exit this world and enter the next.
(If you're looking for a good place to start, read my previous post on this subject: Philanthrocorp.)
Fallwell's legacy ensured the continued ministry of Liberty Univeristy. May we follow his example and do likewise. To God be the glory in our living and our dying!
(Photos from Liberty University.)
