At their Spring Session held April 17-20, 2018, the members of the Holy Synod of Bishops of the Orthodox Church in America approved two new policies—a Gifts and Bequest Policy and a Vendor Relationship Policy.
The new policy regarding gifts and bequests, according to Father Eric, “provides the guidelines and conditions in which donations to the Church will be accepted. The policy recommends that dioceses and parishes review the policies for their own adoption of a similar policy. The policy ensures compliance with and conditions of federal non-profit legal and financial standards.”
The second policy concerning vendor relationship outlines the conditions and issues for non-profit organizations and the manner in which they relate to for-profit corporations.
“This policy ensures that the Church is in compliance with federal non-profit laws,” Father Eric explained. “The new policies form an addendum to the Best Practice Policies followed by the Orthodox Church in America since 2008.”