All contributions given for the use of a particular ministry or individual missionary/minister will be received as a contribution “preferred for the ministry of” that ministry or individual. “Preferred for the ministry of” refers to the IRS regulation which requires that, in order for a contribution to be tax deductible, the non-profit organization handling the contribution must be free to use the gift as it deems most suited to its mission. Light of Victory Church (LOV) will, however, attempt to honor your request under the terms of law.
All gifts are used as designated. However, in the unlikely event that a specific fund is closed, or a project over-funded, your gift will go into the general budget of the church to be used where most needed.