The seventh and final post in the series on church foundation focuses mainly on how to amend the foundation’s bylaws. Hopefully throughout this series, you’ve picked up some good ideas on how to improve how your foundation is organized. I have never seen bylaws or articles of incorporation without a way to amend them.
When it comes to a church foundation, good financial controls and records are must. As I continue walking through the template governing documents for a church foundation, I look into financial and legal issues to think through.
So…I almost learned a lesson about being too cheap. At Annual Conference, I almost ended up paying way more because I was trying to be cheap. Almost. Instead, I ended up with a pretty good story.
I’m always looking for a reason to create a new spreadsheet. Since I’ve received a lot of call and emails asking me to run the numbers on disaffiliation, I figured I would create a spreadsheet to help churches estimate their own cost of disaffiliation in the Dakotas UMC.
Money is such a tricky thing. It can make you feel important and powerful. The same is true for a church foundation. The policies I go over in this week’s video help fight the tendency of money to warp our perspective.
This week was my 15th and final Annual Conference as conference treasurer for the Dakotas UMC. There were a lot of great moments, but one of the best was when my good friends and co-workers shared a tribute called “Ode to Jeff.” I embedded the video in the post.
What are the key functions of a church foundation? Receiving gifts, investing, and honoring donor restrictions would probably be near the top of the list.
As I continue my work on church foundations, I dive into this section of the governing documents.
JCT Accounting Co 