Plus: Tech Support for Windows 7 Ends Soon | View online
Church Law & Tax Update

How Do We Acknowledge Donations from a Retirement Account?

We’re down to the final two weeks of 2019. As the last day of the year approaches, your church may encounter a variety of charitable contributions questions. Take, for instance, this one we received not too long ago: How should our church acknowledge a contribution made from a donor’s retirement account?

We sought an answer from CPA Vonna Laue, one of Church Law & Tax’s long-time editorial advisors. As it turns out, this type of donation happens more often than I realized. It’s called a qualified charitable distribution (QCD).

Laue provides a thorough answer to the question in this Q&A for website members—be sure to check it out, since it stands to reason this type of scenario may arise at your church sooner rather than later, if it hasn’t already. (Not a member? Join now.)

And don’t forget: you still have time to provide information and guidance to your church’s donors before the end of the year. Our Charitable Contribution Collection—four downloadable resources related to giving, receipts, and fundraising—offers useful best practices and direction.

Also this week:

The Lord bless you and keep you,


Matthew BranaughMatthew Branaugh

Matthew Branaugh
Editor, Content and Business Development, Church Law & Tax





Advertisement



Our church received a check made directly from a member’s retirement account for church general operation needs. Should our church issue a tax-deductible contribution receipt to the donor or just give the acknowledgement for receiving the check?This is a fairly common occurrence for distribution ...
Continue Reading

Confidentiality is always a high priority among church staff and members. Use this checklist to guage how your church is doing at securing confidential information.

Download a PDF version of this checklist.

Creating a Culture of Confidentiality

Verbal sharing is sometimes overlooked in discussions about ...

Continue Reading

Advertisement

Resources


Advertisement