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Denominational Leaders

Continuing education for ministry leaders
Denominational Leaders
Weekly Lessons, created and written by Richard R. Hammar, J.D., LL.M., CPA, give you a basic legal overview of essential topics based on staff or volunteer positions within a church.

Previous Lessons

Week of July 21

Prayer Lists

This Week's LessonWeek of March 15

Correctly Receipting Year-End Contributions

Introduction

Our lesson this week examines the topic of correctly receipting year-end contributions. The Executive Summary provides a concise review of the key points. Before we get started, test your knowledge by completing the following quiz.

On December 29 Emily mails a contribution of $5,000 to the missions department of her denomination. The check is received on January 2. In preparing a contribution statement, should the denomination report the $5,000 contribution as a charitable contribution in the current year (the year it was received), or the previous year (the year it was sent)?

Weekly Exercise

Click on the correct answer for each of the following questions.

Executive Summary

As a denominational executive, it is important for you to understand the correct timing of charitable contributions so that contribution statements can be accurately prepared. This lesson will help you understand ...

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