Q&A: How Should We Handle a Retirement Account Donation?
Why an acknowledgement letter works better for documenting a retirement account donation.
Donor
Mastering Seventeen End-of-Year Financial Tasks
Mastering seventeen end-of-year financial tasks before January 1, 2025, will help churches and ministers thrive with the upcoming tax season.
Donors Can Sue for Improper Use of Restricted Funds
Contributions were not used as per their wishes, say donors.
Making Sense of the Tax Cuts and Jobs Act
What tax law changes mean for church employees and donors.
Church Not Obligated to Return Undesignated Contributions
There generally is no legal basis for honoring such requests since charitable contributions constitute “gifts,” and gifts represent an irrevocable transfer of all of a donor’s right, title, and interest in donated funds or property.
Embezzlement
Key point 7-21. Embezzlement refers to the wrongful conversion of funds that are lawfully in
Violation of Trust Terms
Key point 6-07.05. Church board members may be personally liable for diverting designated funds or
Q&A: How Should My Church Handle a Donation of a US Savings Bond?
The church may not issue a charitable contribution receipt.
Tax Rules for Gifts of Personal Property
Churches and their donors need to understand how to substantiate gifts— from cars to clothing.
Gifts of Property: Help Donors Get It Right
Three examples demonstrate how to substantiate donations of land and buildings in accordance with tax law.
Are You Prepared to Accept Bitcoin Donations?
Virtual currency can be given to your church without donors paying taxes on gains realized.
Encouraging Estate Gifts in Your Church
Ways to effectively—and legally—promote this form of giving.
Should Your Church Raise Money Through Crowdfunding Sites?
A fundraising expert offers insights on this increasingly popular online tool.
Court Not Barred by First Amendment’s Religion Clauses in Donor’s Designated Contribution Claim
The court concluded that each of the plaintiff's claims could be resolved without recourse to "questions of religious doctrine or ecclesiastical polity,"
What Are the Best Accounting Practices for a Multisite Campus?
Navigating donations, designations, and more.
Q&A: What Counts as a Tax-Deductible Donation?
What is—and isn't—tax-deductible for donors who attend a church fundraising event.
Q&A: Will a Plaque Recognizing a Donor’s Contribution Prohibit a Tax Deduction?
"Mere recognition" does not nullify a deduction.
Follow the Data
Collect and analyze key facts and stats to ensure long-term financial health.
Q&A: Are Tax Deductions Allowed for Silent Auctions?
Yes, but you must make sure the receipts you issue are appropriate under the circumstances.
Monetary Gifts for Pastors Who Leave
Churches must follow special rules when it comes to monetary gifts.