A group of us are looking into starting a Church. I am a little confused as to whether or not the Church can be an LLC if in the future it may become 501(c)(3).
can qualify for Section 501(c)(3) charity status as a church
or other type of charitable organization. (See
Ready Reference Page: “LLCs Becoming Entity of Choice
for Subsidiaries.”) Although it would be unusual,
I am not aware of any reason a church could not be formed
as an LLC.
I am not sure that I understand the idea that “in the future it may become” a 501(c)(3). If an organization qualifies as a “church” under IRS guidelines, no matter what its form of entity, it can be treated as a 501(c)(3) church without filing for recognition of exemption. (See Ready Reference Page: “What Constitutes 'Church' Eligible for Exemption?”) It should be treated as a church immediately, and not have to wait for some change of status.
Planned giving sounds complicated, with its CRUTs and CRATs, CLUTs and CLATS, and CGAs. It can be incredibly complicated, but it needn’t be. Keeping it simple may be the best way to start a planned giving program for a charity that hasn’t already put one in place.
This webinar offered a review of major planned giving instruments and a discussion of ones that make the most sense to emphasize in starting a planned giving program. It discussed the advantages of integrating planned giving into an existing development program, targeting the best prospects, getting buy-in from the board that is likely to generate results, and setting a structure to make it all happen.
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