Setting up a church foundation can be tricky. If it’s done poorly, that will lead to problem down the road. I go over three key sections this week as well as the reasons behind them.
Foundation Series: 501(c)(3) Language, Members, & Directors
Tag: Investing
Foundation Series: Top 3 Reasons to Start a Church Foundation
Most churches will receive a large bequest on occasion. For some churches, this might be once every 20-30 years. For others, it probably happens more often. Does your church need a “church foundation” to manage these gifts? In this post I give the reasons why some churches should consider this option. This will start a 7-part series where I walk through the actual governing documents of setting up a church foundation.
Investigating your Balance Sheet
If you missed out last night, Sheri Meister and I held the 2022 first quarter webinar. Our focus was on taking a fresh look at the Balance Sheet which would be perfect timing if your church is preparing for the annual audit.
Klingbeil Grants: How they work
The Dakotas United Methodist Foundation is offering Klingbeil Grants for new accounts. I love this program as it helps churches make the giant leap from the security of a CD to prosperity of investing. While it is only available to Dakotas UMC churches, it’s worth sharing this with your own denominational foundation (Thrivent, WIF, TMF, etc.) to see if they offer a similar program.
Endowment vs Investment Account – Draw me a picture
With CD rates being so poor and the number of churches receiving large sums of money (bequests, rebates, PPP Loans, etc), I’ve been receiving more questions than usual about the difference between an Investment Account and an Endowment. I try my best to make it simple here.
JCT Accounting Co 