1 / 7

Purpose-Driven Guidelines

Purpose-Driven Guidelines. By the end of this session you will: Understand why new tax-exempt guidelines were developed Be ready to start transition to future state: “You’re responsible, you decide” See why who we are is key to our use of tax-exempt funds

orlando-gilmore
Download Presentation

Purpose-Driven Guidelines

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Purpose-Driven Guidelines By the end of this session you will: • Understand why new tax-exempt guidelines were developed • Be ready to start transition to future state: “You’re responsible, you decide” • See why who we are is key to our use of tax-exempt funds • Learn the basics of the Purpose-Driven Guidelines by: • Working scenarios in small groups • Discussing your “real” situations

  2. Purpose-Driven Guidelines designed to: • Help us make good decisions regarding the use of tax- exempt funds • Provide more flexibility and choice • Maintain a sense of responsibility and accountability • Encourage innovation

  3. What did you learn from the video?

  4. 4 • 2. Associate Members • Don’t generate tax-exempt funds • 11% of Members • 63% own some type of product • 37% are $10 Family Associate Mbr 3 2 1 FBS Benefit Members • 3. Non-Member Product Owners (Bank, etc.) • Are Not Members • Don’t generate tax-exempt funds • 3% of all product owners • 4. Prospects • No Product Ownership • Are Not Members UnderstandingMembers vs. Non-members • 1. Benefit Members • Generate tax-exempt funds • 89% of Members Chapters = Members Members = 1+2 “Owners”

  5. It’s all about purpose! Tax-exempt funds can be used for these purposes: • Charitable • Religious • Educational • Social • Patriotic • And is not used for activity with a substantial purpose of promoting sales of products or services. • Sales promotion may precede or follow, but needs to be separate and not a condition of the activity.

  6. Tax Exempt Purpose YES NO * Education is not sales or service promotion Who can participate in which tax-exempt activities? Chapter = Members Members = 1+2

  7. Breakout Discussions - Scenarios • FLEXIBLITY + CHOICE = RESPONSIBILITY + ACCOUNTABILTY • Purpose-Driven Guidelines for using tax-exempt funds: Less rule based  more principle based • Responsibility less centrally controlled: Moving toward shared responsibility/accountability • INTRO / DISCUSSION OF PURPOSE-DRIVEN GUIDELINES • Volunteer Knowledge Aid • Scenario Handout

More Related