Category Archives: Church Formation & Governance

endowments church nonprofit fund management California

Endowments

Endowments are money or property given to a church with the understanding that the principal stays invested rather than being spent, while the investment earnings support the church’s programs or operations over time. That basic idea is simple. What trips churches up is that endowments aren’t just a financial arrangement — they’re a legal one, governed by a specific California statute that limits how and when the church can actually spend the money. The Law Behind Endowments: California’s UPMIFA California governs institutional endowments through the Uniform Prudent Management of Institutional […]

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Restricted donations — hand placing a coin into a church-shaped collection slot

Restricted Donations: Rules Every Church Should Know

Restricted donations bind a church to spend the gift exactly as the donor intended — spend it elsewhere and you risk a breach of fiduciary duty claim. Here’s how to tell a restricted gift from an unrestricted one, and the only lawful ways to change course.

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