Prologue: Community Mennonite Church receives offerings each week during worship and unless otherwise designated these offerings contribute to our annual budget.
Policy:
Large gifts (such as estate gifts, memorial gifts, etc) in excess of $5,000, which are not part of a pledged annual commitment, nor designated for a CMC special project, nor pass through funds for another agency shall be designated as follows:
- 10% to CMC General Fund in the fiscal year that the gift was given.
- 10% to be disbursed at the discretion of CMC Outreach Commission for mission and ministries beyond Community Mennonite Church in the fiscal year the gift was given or the subsequent fiscal year.
- 80% to CMC debt reduction or building reserve.
Procedures:
Upon receipt of a gift:
- Finance chair and/or Office Administrator shall report to pastors and Outreach Commission chairperson the amount of the gift.
- Pastor(s) shall write a letter of thanks to the giver.
- Outreach Commission chair (in consultation with commission members) shall identify the ministries, missions, or special projects beyond CMC which shall receive 10% of the total gift and instruct the office administrator to forward the designated funds to appropriate agencies.
- Office administrator shall disburse funds and issue contributions receipts as per all financial gifts.
These examples are not applicable.
Not applicable: A year-end gift of $7,000 by a CMC member that is part of a pledge commitment. Such a gift will be considered part our general undesignated offerings for the year.
Not applicable: A year-end gift of 10,000 to a special project by CMC (such as memorial garden or an MCC giving project.) Such a gift will be considered a designated contribution.
Approved by Church Council, November, 2014.