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04-20-2023 Questions and Answers

04-20-2023 Questions and Answers

04-20-2023 Questions and Answers 1200 628 Jill Pioter

Q: Can a Council or Conference twin with their associated or other SVdP-run Thrift Stores?

A: If a Conference or a Council owns a thrift store, they can transfer funds to that store’s operations at any time. This is an internal transfer of funds. For SVdP reporting, it has no income value to the store or expense value to the Conference or Council since the funds are already owned by the Conference or Council. Check with your CPA to affirm this.

However, if a Conference wants to send money to its own separately incorporated store or one owned by any other Conference or Council, this is considered twinning.

Q: We have two friends who recently lost a spouse. Are we allowed to help them with the cost of the funeral?

A: This is a service provided by many Conferences. The extent of help is up to the Conference. Assistance should follow the same protocols and limitations as would assistance for someone unknown to the members.

Spanish Translation

P: ¿Puede un Consejo o Conferencia hermanarse con sus tiendas de segunda mano asociadas u otras administradas por SVdP?

R: Si una Conferencia o un Consejo posee una tienda de segunda mano, pueden transferir fondos a las operaciones de esa tienda en cualquier momento. Esta es una transferencia interna de fondos. Para los informes de SVDP, no tiene valor de ingreso para la tienda ni valor de gasto para la Conferencia o el Consejo, ya que los fondos ya son propiedad de la Conferencia o el Consejo. Consulte con su Contador Público Certificado para afirmar esto.

Sin embargo, si una Conferencia quiere enviar dinero a su propia tienda incorporada por separado o a una propiedad de otra Conferencia o Consejo, esto se considera hermanamiento.

P: Tenemos dos amigos que recientemente perdieron a su cónyuge. ¿Se nos permite ayudarlos con el costo del funeral?

R: Este es un servicio proporcionado por muchas Conferencias. El alcance de la ayuda depende de la Conferencia. La asistencia debe seguir los mismos protocolos y limitaciones que la asistencia a una persona desconocida para los miembros.

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