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December 2, 2010

What You Should Know about Year-end Giving and Receipts

Advisors host webinar on handling end-of-year charitable contributions.


Michael Batts and Dan Busby, two members of our Editorial Advisory Board, will co-present a 60-minute webinar on Tuesday, December 7, about the ins and outs of year-end giving and receipts. Batts is managing partner with the CPA firm Batts Morrison Wales & Lee. Busby is president of the Evangelical Council for Financial Accountability, which is hosting the webinar. Both are highly knowledgeable and articulate regarding a wide range of church tax and finance issues, including the handling of charitable contributions.

Among the topics they plan to cover:

• What is required and not required on year-end giving statements
• Cut-off dates for receipting of cash/check gifts
• Noncash gift reporting, including recent cases and IRS correspondence as well as valuing noncash gifts
• Form 1098-C issues with respect to gifts of autos, boats and airplanes
• How to acknowledge quid pro quo gifts
• How to handle Christmas gifts to staff, love offerings raised for staff, and gifts restricted/designated for staff

ECFA members can participate for free, while nonmembers need to register for $29.

For more information and guidance on year-end gifts and charitable contributions, be sure to check out Rich Hammar's 2011 Church & Clergy Tax Guide and our popular 2011 Charitable Contributions Bulletin Inserts, as well as "Best Practices for Receiving Charitable Contributions."

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Posted by Matt Branaugh on December 2, 2010 8:00 AM

Related Tags: contributions, donations, donors, finance, finances, fundraising, generosity, giving, IRS, Law, money, receipts, tax, tithes, Tithing

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