Lending to churches and other nonprofit organizations can be a meaningful activity in promoting the bank within the communities it serves, provide for exposure to broader audiences influenced by the nonprofit organization, and support community activities and organizations that have meaningful societal impact. Lending to churches and nonprofit organizations, however, does not come without risk. This insightful presentation will provide lending personnel involved in church and other nonprofit lending activity with valuable information pertaining to the assessment of the church or nonprofit, including critical information to be collected.
This session will cover:
- Benefits and risks associated with lending to churches and other nonprofit organizations
- Nonprofit accounting standard
- Tax Return Form 990
- Underwriting and lending to churches and nonprofit organizations including critical information collection
Target Audience: This presentation is intended for lending department personnel with responsibility for originating, underwriting, and/or approving loans to churches and other nonprofit organizations.