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.
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.
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.
In my church foundation series, I look at Officers, Meetings, and Committees. Again, a huge thanks to Grand Forks Wesley UMC for sharing their church foundation’s bylaws. There are a lot of seeming small but impactful decisions to make in this area that I go over.
So…I’ve learned a lot about YouTubing over the last 3.5 years. I currently have the second largest United Methodist YouTube channel in the Dakotas. Embrace Church is beating me, but I’m beating Dakota Wesleyan.
How did this happen when I post primarily on church finances? I go over 8 things to think about to increase your views in this post. Most are super easy to fix and, because I’m cheap, they won’t cost a dime.
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.
JCT Accounting Co 