Stewardship Handbook, Volume I

Table of Contents

C H A P T E R   115

A HOLISTIC VIEW OF BIBLICAL STEWARDSHIP15

Learning Objectives15

Importance of Theological Reflection16

Witnessing Through Our Actions17

Witnessing Through Our Fundraising Practices19

Theological Considerations20

Stewardship: The “Big Picture”20

Your Donors’ Spiritual Health22

Deciding How Much to Give23

God’s Ability to Provide25

The Fundraiser’s Role26

Asking for Donations27

Management’s Role29

Application Questions30

Application Activities30

Additional Recommended Reading30

References Used in Writing this Chapter31

Endnotes33

 

C H A P T E R   235

THE DEVELOPMENT PROGRAM – AN EXTENSION OF BIBLICAL STEWARDSHIP35

Learning Objectives35

Stewardship or Fundraising?35

Secular Fundraising37

Christian Fundraising38

Terminology40

Fundraising Designations40

Types of Fundraising Departments41

Development42

Checking the Suitability of a Development Activity43

Using Development Activities to Assist Stewardship44

Cautions45

Evaluation45

Application Questions46

Application Activities46

Additional Recommended Reading47

References Used in Writing this Chapter47

Other Resources48

Endnotes48

 

C H A P T E R   349

ADMINISTERING A STEWARDSHIP and DEVELOPMENT PROGRAM49

Learning Objectives49

Integrating Stewardship, Development, and Fundraising50

Benefits of an Integrated Approach51

Organization52

Strategy52

Special Considerations53

Staffing53

Budgeting54

Funding56

Marketing56

Setting Goals57

Solo Fundraisers59

Becoming Donor Focused60

Aligning with Allied Professionals61

Application Activities63

References Used in Writing this Chapter63

Other Resources65

Endnotes65

 

C H A P T E R   467

Introduction to regulation of charitable gifts and cRa fundraising policy67

Learning Objectives67

Charitable Activities and the Use of Gifts and Resources68

Transfers to Qualified Donees68

Donor Gifts to Charity68

Gifts Must be Voluntary69

Gifts Must be Property69

Gifts Require a Financial Sacrifice70

Private Benevolence70

Receipting Gifts70

Content of Receipts70

Penalties Related to Receipting73

Split Receipting Rules74

De Minimus Threshold and Split Receipting75

The Tax Value of a Gift to the Donor: Tax Credit or Deduction?75

Timely Use of Gifts:  The Disbursement Quota75

Application Questions76

Canada Revenue Agency's Fundraising Policy76

Fundraising or Charitable Activity?77

What is Fundraising?77

Unacceptable Fundraising78

An “Identifiable Use or Need”79

Allocation of Fundraising Expenditures79

Reporting Fundraising Revenues and Expenditures84

The Evaluation Grid84

Provincial Regulations85

Application Activities86

Additional Recommended Reading89

Other Resources89

CRA Resources (Links)89

Endnotes90

 

C H A P T E R   593

“Must-Have” Stewardship Policies93

Learning Objectives93

The Gift Acceptance and Valuation Policy94

Guidance94

Structure94

Protection94

Key Elements94

Immediate (Outright) Gifts96

Future (Deferred) Gifts97

Other Documents and Policy Provisions96

Ethical Policies102

Personal Stewardship Code of Ethics103

Ethical Duties Concerning Securities and Investments104

Recommending Specific Fixed Instruments105

Ethical Fundraising and Financial Accountability Code (“Stewardship Policy”)107

The Investment Policy108

The Process108

Prudent Investor Rule109

Investment Options111

Ethical Investments115

Application Questions116

Application Activities117

Additional Recommended Reading118

References Used in Writing this Chapter118

Other Resources118

CRA Resources (Links)119

Endnotes119

 

C H A P T E R   6121

Charitable gift planning in canada121

Learning Objectives121

types of planned gifts122

Tax Treatment of Charitable Gifts122

Tax Treatment of Inter-Vivos Charitable Gifts122

After-Tax Treatment123

Tax Treatment of Testamentary Charitable Gifts124

Gifts of Life Insurance127

General Background127

Underwriting and Insurability to Qualify for Life Insurance128

Designating a Beneficiary to a Life Insurance Policy130

Common Types of Life Insurance130

Life Insurance End Date132

Gifting Life Insurance Policies to Charities132

Charitable Giving Strategies using Life Insurance133

CRA Rules for Determining the Value of an “In-force” Insurance Policy136

Benefits and Concerns/Considerations137

Gifts of Registered Retirement Funds139

General Background139

RRSP Limits and Restrictions140

RRSP End Date141

The Effect of Death142

Gifts of RRSP/RRIF to Charities142

Caution When Choosing Beneficiaries143

Cautions for Gift Planning Consultants144

Tax-Free Savings Account145

Successor Holder and Designated Beneficiary146

Gifts of Annuities147

General Background147

Immediate Annuities147

Payment Options149

Deferred Annuities149

Charitable Gift Annuities (CGA)150

Benefits and Concerns/Considerations153

Gifts of Real Estate155

“Property” Terminology155

Real Property156

Real Estate Terminology158

Ways of Holding Title159

Special Considerations160

Gifts of Real Estate to Charities161

Benefits and Concerns/Considerations162

Due Diligence163

Exercising Caution163

Application Questions164

Application Activities165

References Used in Writing this Chapter165

Other Resources166

CRA Resources (Links)167

Endnotes167

 

C H A P T E R   7171

Trusts, powers of attorney, wills, and estates171

Learning Objectives171

Trusts171

Definition of a Trust172

The Trust Document173

Types of Trusts176

The Doctrine of Cy-près177

Powers of Attorney178

General (or Continuing) Power of Attorney178

Effect on Third Parties179

Capacity to Make a Power of Attorney180

Limits on Delegation of Authority by a Power of Attorney180

Termination of a Power of Attorney181

Power of Attorney for Personal Care181

Wills182

The Relevant Parties in a Will183

Duties of the Personal Representative183

Capacity to Execute a Valid Will184

Types of Wills185

Codicil186

Probate186

Provision for Dependents188

Intestate Succession188

Distribution in Accordance with the Will189

The Rule Against Perpetuities189

Revoking a Will189

Gifts to Charities190

Application Questions191

References Used in Writing this Chapter192

Endnotes192

 

C H A P T E R   8195

Charitable Bequest Program195

Learning Objectives195

Bequest Types and Sample Will Clauses197

The Process of Setting Up a Charitable Bequest Program200

Board Approval200

Identification and Profiling200

Marketing201

Expectancy201

Documentation202

Estate Administration202

Bequest Advisory Committee203

Application Questions204

Application Activities205

References Used in Writing this Chapter205

Other Resources206

Endnotes206

 

C H A P T E R  9207

CAPITAL CAMPAIGNS207

Learning Objectives207

Pre-Campaign Decisions and Assessments208

Consultants208

Choosing When to Commence a Capital Campaign210

Permission to Accumulate Funds212

Campaign Steering Committee213

The Case Statement213

Pre-Campaign Internal Assessment217

The Development Study220

Campaign Recruiting, Planning, and Development222

Recruiting the Campaign Chair and Other Volunteers222

The Campaign Executive Committee223

Developing a Campaign Plan225

Training Leaders and Volunteers Prior to Commencing Gift Solicitation226

Division of Responsibilities in Gift Solicitation228

Soliciting Gifts230

Follow-up After a Capital Campaign232

Application Questions232

Application Activities232

Additional Recommended Reading233

References Used in Writing this Chapter233

CRA Resources (Links)234

Endnotes234

A p p e n d i c e s237

Appendix A - Fundraising Grid239

Appendix B - Professional Development for Charitable Gift Planners or Stewardship Leaders241

Appendix C - Stewardship and Development Director, Ministry Description249

Appendix D – CREATING A Donor Restricted Gift Policy253

Appendix E – SAMPLE Ethical Fundraising and Financial Accountability Code255

Appendix F - Fundraising Dinners & Charities259

Appendix G - Gift Acceptance and Valuation Policy265

Appendix H - Investment Policy275

Appendix I - Gifts of Real Estate281

Appendix J - Enhanced Incentive for Donating Publicly Listed Securities (Shares)289

Appendix K - CCCC Position Paper, Pursuit of Integrity - Annuities291