Webinar on demand
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Understanding Restricted Funds for Churches and Christian Ministries
Here is What You'll Learn
Learning Objectives
· Explain the difference between donor-restricted funds and board-designated funds
· Record restricted gifts in a consistent way and keep documentation organized
· Track fund balances and confidently determine which resources are available to support current ministry needs
· Recognize when restrictions are satisfied and how to document a release from restriction
· Identify when endowments require extra care and what questions to ask before spending
What We'll Cover
· Donor restrictions vs. board designations (quasi-endowments): Clarify what makes a gift donor-restricted, what it means when leadership “sets aside” funds, and what notes and documentation matter.
· Recording restricted gifts and tracking restricted net assets: Discuss practical ways to record restricted gifts, organize them, and track balances so you can answer “What do we have, and what can we use?”
· Releases from restriction (timing and mechanics): Walk through common situations (purpose and time restrictions) and how to document and record when restricted funds become available.
· Endowments — what finance teams need to know: Review what an endowment is, why some endowments have special rules, and why donor-restricted and board-designated endowments are treated differently.
About Robin Nichols, CPA, CGMA
After graduating with honors from Pacific Lutheran University, Robin Nichols began her career working in public accounting for 7 years, until she formed her own practice in 1993. She has been an owner and co-owner since then and currently oversees financial reporting and consulting services at Battershell, Nichols, and Blum.
Comments from those attending previous seminars by Battershell Nichols & Blum:
"I became aware of things that I didn’t know I needed to be aware of."
"Great practical information and lots of it in a short amount of time."
“I learned many things and even had a few things I do confirmed."