In our previous post discussing record retention, we noted that it is important for churches/ministries and other organizations to discuss and adopt a record retention policy.
What should be maintained and how long?
The legal department for the General Council on Finance and Accounting has provided certain information for retaining documents. For instance, articles of incorporation, amendments and bylaws should be maintained permanently. Tax returns should be maintained permanently and the worksheets and supporting documents for the tax return should be maintained by 7 years. Additional guidance on record retention can be found using the following link.
The Presbyterian Historical Society also provide information for record retention. Congregation records retention requirements can be found using this link.
For more information or clarification on record retention, contact us.
