Category: 10-Minute Treasurer

Accepting Gifts of Stock

The first stock gift I ever received as a church treasurer was several shares of Coca-Cola Company stock from a wonderful member named Char. Char wasn’t a multi-millionaire. She was just like so many ordinary people that happen to own stocks, bonds, or shares of a mutual fund. You don’t need to have a Bill…

Tracking Expenses for Government Grants

Many churches recently applied for the Paycheck Protection Program through the Small Business Administration (SBA). It’s all well and good to receive those funds, but will you receive forgiveness from the SBA? The forgiveness will depend on your churches ability to properly track expenses related to this program. I used to be an auditor for…

How churches can apply for the Paycheck Protection Program

The Paycheck Protection Program and is run through the Small Business Administration (SBA). All the guidance I have at this point makes me believe this applies to churches…many of whom are struggling financially because of the pandemic. There seem to be very few strings attached…you just need to be struggling financially because of the pandemic.…