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How to DRIVE-HOME Your GOD-given PURPOSE in Life with a Microfoundation(TM)
Copyright 2004, Doyle Weaver Esq
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How are you going to DRIVE-HOME GOD's PURPOSE IN YOUR LIFE? Get
more active at church? ... or at work? ... Start a church? ...
or a ministry?
CHURCH ACTIVITY
There are books on how to find GOD's purpose. Once you find
GOD's purpose for your life, do you become more active in
church? There's a difference between a church and the Church.
A church congregation is led by an individual fulfilling THEIR
purpose in life. If that is YOUR purpose in life, then you
should start your own Church.
JOB ACTIVITY
Can Christians pursue their purpose through a secular job? In
some jobs, you can meet new people all the time and nothing is
wrong with sharing the Gospel with these people. However, most
jobs limit Christians to a small pool of fresh contacts. Most
employers frown upon on-the-job witnessing. Usually, Christians
rely almost exclusively on jobs for financial support. When a
conflict arises between job and purpose, job usually wins.
CHURCH STARTUP
A congregation is the principle element that defines a church.
According to IRS definitions, a church is a group of members
meeting regularly with a religious purpose. Most church members
expect tax deductions for their contributions. Unless you have
a ready-made congregation, this may not be an option.
MINISTRY STARTUP
A purpose in life is centered around talents or gifts GOD
provides. A Christian can use their talents or gifts in their
local church or start their own Christian ministry. Which
option do you think is more likely to provide a productive and
fulfilling life? All talents and gifts can be adapted to a
Christian ministry. Starting your own Christian ministry can
have some obstacles, and they can all be overcome.
NEW STRATEGIES
If you're not starting a church, you don't need a congregation
meeting on a regular basis. Though you don't need members, you
do need financial support. The following is a member-free
strategy to start your own Christian ministry and drive-home
your GOD-given Life's Purpose!
MICROFOUNDATION(TM)
Create a nonoperating private foundation. You don't need to be
rich to start your own private foundation. I've funded new
private foundations for less than $200.00 in cash. I've coined a
word for Christian nonoperating private foundations, I call them
Microfoundations(TM). Unlike a church, a Microfoundation(TM)
doesn't need public support. This is why Microfoundations(TM)
don't need congregations or regular meetings. All you need is
a religious purpose and an IRS application for a letter of
recognition. Some states also require recognition for state
tax exemption.
DONOR BASE
While your Microfoundations(TM) letter of recognition is
pending, you can solicit contributions. (Check for local/state
rules on solicitations.) Contributions are retroactively tax
deductible up to 15 months back to the date of organization.
Microfoundations(TM) can have as few or as many donors as
necessary, no minimums or maximums. You can personally
contribute as much as you desire. Each individual's tax
deductible contributions are limited to 30% of their adjusted
gross income.
FOUNDATION INCOME
One of the great things about private foundations is they're
generally operated on income received from investment income
(endowment). Start investing your foundation contributions and
build up an endowment. In addition to investment income, there
are certain types of business income, like royalties and real
property rents that are allowed giving your foundation even
more tax free income.
MINIFOUNDATION(TM)
Microfoundations(TM) (nonoperating private foundations) can't
distribute funds directly to individuals in pursuit of tax
exempt purposes. Operating private foundations can. If you
want to be an employee of your foundation, first convert your
Microfoundation(TM)to an operating foundation. I've also coined
a word for Christian operating private foundations, I call them
Minifoundations(TM). While building a Microfoundation(TM)donor
base and/or endowment, develop an operating foundation budget
and plan. Submit the IRS application for reclassification of
your Microfoundation(TM)to a Minifoundation(TM).
MOORING IN SAFE HARBORS
Private foundations are private as opposed to public charities,
so IRS rules are stringent with penalties for violations. Start
out with a Microfoundation(TM)using safe harbors that keep you
out of trouble until you get a grasp of the rules. Convert your
Microfoundation(TM)as soon as you develop a plan and a budget
necessary for operating foundation classification. Finally,
after you acquire the donor base or endowment sufficient for
financial support, employ yourself in your Minifoundation(TM).
NONOPERATING FOUNDATION DISTRIBUTIONS
Microfoundations(TM)can't make direct distributions to
individuals so they make qualifying distributions(a small
percentage of income)to public charities or operating
foundations. You contribute normal tithes and offerings to
your Microfoundation(TM)(tax deductible). Your
Microfoundation(TM) can make a qualifying distribution to
your church or favorite ministry. Churches are publicly
supported tax exempt organizations.
OPERATING FOUNDATION DISTRIBUTIONS
Minifoundations(TM)(operating foundations) make contributions
directly to individuals for performance of the foundation's tax
exempt purpose. Reasonable and necessary salaries and benefits
for staff are allowed as qualifying distributions. Like
nonoperating foundations, they can also make qualifying
distributions to other tax exempt entities.
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