What Every Church Needs That No Church Has - A Will | Matt Dabbs

[@revolutionofordinaries]

There are churches of 20 people sitting on $20 million properties that have no plan of what to do next. Let's work this out.

[@flamingofan5411]

Does it have to go to another 501c3?

[@revolutionofordinaries]

@@flamingofan5411 From the IRS, "In addition, an organization's assets must be permanently dedicated to an exempt purpose. This means that if an organization dissolves, its assets must be distributed for an exempt purpose, to the federal government, or to a state or local government for a public purpose. To establish that an organization's assets will be permanently dedicated to an exempt purpose, its organizing documents should contain a provision ensuring their distribution for an exempt purpose in the event of dissolution. If a specific organization is designated to receive the organization's assets upon dissolution, the organizing document must state that the named organization must be a section 501(c)(3) organization when the assets are distributed."