On today’s EXTRA episode Warren Smith explains why he thinks Christian ministries should not have endowments. He says the Internal Revenue Service recognizes 1.9 million organizations as tax-exempt. Of these, more than a million of them are “religious” organizations. For almost all of them, an endowment is a bad idea.
To read Karen Houghton’s piece on why she thinks ministries should have endowments, click here.
The producer for today’s program is Jeff McIntosh.
Until next time, may God bless you.
