Issue 33 of Administration Matters
Clergy Tax Guide now available
Clergy have unique tax considerations. Pass along the “Clergy Tax Return Preparation Guide,” offered compliments of Portico Benefit Services, to help pastors prepare their 2013 tax returns. >more
Don’t miss out on health plan discount
Remind those with ELCA-Primary health benefits to take the Mayo Clinic Health Assessment by April 30. If 65 percent of the eligible plan members and spouses in your synod participate, your organization will save 2 percent on ELCA-Primary health contributions all year long. >more
IRS requirement for churches
The Internal Revenue Service has issued a new regulation, effective Jan. 1, 2014, requiring any church organization with an Employer Identification Number (EIN) to notify the IRS of certain changes. >more
MIF KIDZ accounts
The MIF4KIDZ account is designed as a savings tool for youth from birth to age 16. Additional deposits can be made up to maturity, and the investments mature on the youth’s 18th birthday. >more
Establishing a secure process for collecting offerings
Congregations should work to ensure the safety and security of all offerings and collections.
- Risk Reporter for Religious Institutions
- Guidelines for Congregations: Internal Control Best Practices
- Congregational Treasurers’ and Bookkeepers’ Financial and Accounting Guide
Endowment Fund Pooled Trust historic milestone
The ELCA Endowment Fund Pooled Trust, Fund A, reached a new milestone on Oct. 31, 2013, with $500 million in total market value. These assets represent 41 synods, 566 congregations and 144 related ministries. Fund A is a commingled fund made available through the ELCA Foundation to eligible ELCA entities interested in professional investment management for their mission endowment funds. >more
