21 Eylül 2012 Cuma

Designated Gifts to Church on Behalf of Missionary

Questions:

A missionary is going to be serving with a recognized U.S.missions’ organization. His home church is willing to receive funds from donorsand then disburse them to him. What is the best way for the missionary’s homechurch to do this?

Answer:

Once the church has communicated its endorsement of amissionary, it will naturally encourage donors to contribute to his support. Thechecks to support him need to be made payable to the church and accountable toits control. The church then will disburse the funds. It is stronglyrecommended that the church dispense the funds directly to the missionary’smission agency. The agency will handle all tax related issues and the churchwill have no further reporting requirements.

The members of my Federal Taxation I class at MaranathaBaptist Bible College in Watertown, Wisconsin have taken on the challenge ofstudy and research to answer posted questions. Mariya Bondarenko of Minnesota getscredit for this one.

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