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.
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.
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.