As a church treasurer, I often find myself immersed in tax and legal issues that affect church finances. When I came across this one, I thought I’d better give our readers a quick update.
One response to economic changes of the past few years has been increased concern at some ministries about the safety of their deposits. Increasing the federal deposit insurance limit to $250,000 helped ease some of that concern. Recently passed legislation may ease that tension a bit more. [read more]