According to a recent article by Art Rainer, Millennials are a generous group, but many churches may be missing out on their generosity due to outdated giving methods and ideas. Consider these recent surveys describing people's money habits: A 2015 survey by the...
Catastrophic events like wildfires, hurricanes and the recent tornadoes in the Midwest highlight the tremendous need for compassion ministries. While there are signs the recent economic downturn is reversing, more than half the states still have unemployment rates...
Charitable contributions are the lifeblood of nonprofits. In one recent year, public charities reported receiving $316 billion in charitable giving. One-third of those donations were given to religious organizations. There are several types of donations a church may...
Q: If a person gives money to sponsor a child to go to church camp they can receive charitable giving credit. However, if a parent pays for their child to go to church camp, they do not receive charitable giving credit. Am I understanding this correctly?...
Q: A businesswoman in our church wants to donate several computers to our church. She sells computers and the donation would come from her inventory. If she gives the computers to us, can she claim a charitable deduction for the retail price of each computer?...
Q: A donor wishes to donate their vehicle to the church. What procedure should be followed? A: A donor is entitled to a charitable contribution equal to the fair market value of the vehicle donated to the church if the vehicle is used by the church to...
Q: Our church sponsors a missions trip to an orphanage we support financially. Both minors and adults participate. Are donations that are raised to help offset the participants’ travel costs tax deductible? What are some best practices for soliciting and managing...
Q: We want to create a GoFundMe campaign for a fellow minister at another church who was diagnosed with kidney failure and will be facing a kidney transplant. What are the taxable consequences for these gifts and can donors receive giving credit? Does it matter...
Money: It’s one of the topics that causes your congregation to break eye contact and shuffle in their seats. But in order to pay for the basics of your mortgage or lease, as well as fund ministries and pay for staff, your church must have the finances to do so. On top...