How old do you have to be to run a non-profit organization?

JW are you proud to be part of an organization that does not run , finance or has any charities ?

• The WTS as an organization does not run finance or has any charities so I want to know whether you are proud of God,s only organization on this planet that does not do or have any of these ! Note Im not asking what you do as an individual since you are trained at the theocratic ministry to shift the responsibillity away from the organization to what the individual does..

• Answer:

  The “Watchtower” of November 1st 2002, pages 28-29. Donations of stocks and bonds, estates etc. from JWs to the Watchtower! Of course it’s widely known that the huge amounts of money that the Watchtower collects every year are not invested in the building of a charitable institution (hospital, old people’s house, foster home, etc.) THE WATCHTOWER DOES NOT OWN ANY CHARITABLE INSTITUTION WORLDWIDE!!! Most of this money goes to buying the state-of-the-art printing machines, the erection of buildings which will house the biggest possible printing activity of the Watchtower, to the salary the special soldiers will get, that is people of the Society who try to “entrap” new “victims” for the Organization, people who will work without being paid for the rest of their life in order to launch the products of the Watchtower. Some of this money goes to the erection of Kingdom Halls, that is the congregation rooms of Jehovah’s Witnesses, especially in the poorer countries. WOW where does all this money come from??????? CHARITABLE PLANNING In addition to outright gifts and conditional donations of money, there are other methods of giving to benefit Kingdom service worldwide. These include: Insurance: The Watch Tower Society may be named as the beneficiary of a life insurance policy or in a retirement/pension plan. Bank Accounts: Bank accounts, certificates of deposit, or individual retirement accounts may be placed in trust for or made payable on death to the Watch Tower Society, in accord with local bank requirements. Stocks and Bonds: Stocks and bonds may be donated to the Watch Tower Society as an outright gift. Real Estate: Salable real estate may be donated to the Watch Tower Society either by making an outright gift or by reserving a life estate to the donor, who can continue to live therein during his or her lifetime. Contact the branch office in your country before deeding any real estate. Gift Annuity: A gift annuity is an arrangement whereby one transfers money or securities to the Watch Tower Society. In exchange, the donor, or someone designated by the donor, receives a specified annuity payment every year for life. The donor receives an income-tax deduction the year the gift annuity is established. Wills and Trusts: Property or money may be bequeathed to the Watch Tower Society by means of a legally executed will, or the Watch Tower Society may be named as a beneficiary of a trust agreement. A trust benefiting a religious organization may provide certain tax advantages. As the term “charitable planning” implies, these types of donations typically require some planning on the part of the donor. To assist individuals desiring to benefit the worldwide work of Jehovah’s Witnesses through some form of charitable planning, a brochure has been prepared in English and Spanish entitled Charitable Planning to Benefit Kingdom Service Worldwide. The brochure was written in response to the many inquiries received regarding gifts, wills, and trusts. It also contains additional useful information on estate, financial, and tax planning. It informs individuals of a variety of ways that gifts may be made either now or through a bequest at death. This brochure may be obtained by requesting a copy directly from the Charitable Planning Office. After reading the brochure and conferring with the Charitable Planning Office, many have been able to assist Jehovah’s Witnesses worldwide and, at the same time, maximize the tax benefits of doing so. The Charitable Planning Office should be informed of and receive a copy of any relevant document pertaining to any of these arrangements. If you are interested in any of these charitable planning arrangements, you should contact the Charitable Planning Office, either in writing or by telephone, at the address listed below or at the office of Jehovah’s Witnesses that serves your country.