IRA distributions are treated differently for tax purposes (for the donor) and should not be lumped together with regular contributions. This document provides more information about how to acknowledge those […]
donors
Is there a process where we could re-designate unused restricted funds to another purpose in our church?
By definition, temporarily restricted funds are donations to the church that come with stipulations that limit the use of the funding to a specified purpose. The funding can be spent but […]
What should our church include in the year-end statements we send to our donors?
Churches sending acknowledgement letters to their donors should remember the following substantiation requirements held by the IRS. Please reference IRS Publication 1771 for more information on record keeping rules and what to include in […]