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1741 What to do with assets when a worshiping community closes

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Manage episode 189269653 series 1331502
Content provided by Josh S. Tatum. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Josh S. Tatum or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
If history is any indication, every worshiping community's life ends sometime. If that happens under the U.S. Tax Code, there are limits on how assets must be distributed. Musical instruments, books, and furnishings can't just be given to the donors who funded them. Fair prices must be received. And any assets left at the end of the legal entity's existence must be transferred to another charitable entity, like another house of worship, a denominational entity, relief agencies, or social service providers.
  continue reading

52 episodes

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iconShare
 
Manage episode 189269653 series 1331502
Content provided by Josh S. Tatum. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Josh S. Tatum or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
If history is any indication, every worshiping community's life ends sometime. If that happens under the U.S. Tax Code, there are limits on how assets must be distributed. Musical instruments, books, and furnishings can't just be given to the donors who funded them. Fair prices must be received. And any assets left at the end of the legal entity's existence must be transferred to another charitable entity, like another house of worship, a denominational entity, relief agencies, or social service providers.
  continue reading

52 episodes

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