Church Finance
Church Finance
It’s the nuts and bolts of your operation. Delve into the most relevant financial issues affecting churches to ensure you’re being the best stewards of the funds entrusted to you.
The Correct Approach to Funding Church Vision
Church vision is the driving force for all growing churches. What is the vision and direction God is leading your church? Vision can lead to church growth and that growth can lead quickly to the need for facility expansion. However, expansion necessitates financial investment. This is where most churches start to feel that pull into
Compensation Considerations in the Church
Human resources are our greatest asset in the church. As we consider employee compensation in the church setting, there are several things to be mindful of, as we strive to pay the employee for a job well done and to also protect the church and the employee from potential issues. Salary benchmarking is helpful to
Pillars of Modern Faith-Based Investing
The parable of the talents in Matthew 25 teaches the importance of stewardship in the Christian life, as well as the responsibility to maximize the gifts entrusted to us. Believers are also called to be in this world but not of it (John 17). As a faith-based institutional investor, these two mandates led us to
5 Tests to See if Your Church Is Ready for Asset-Based Fundraising
Asset-based giving seems to have had a slow learning curve and adoption rate within the church community. But the biggest obstacle boils down to a simple question: Does this help our people or does this feel like a fundraising fad? Of course, there are several significant benefits of asset-based stewardship strategies: Asset-based giving can
Orchestrating a Successful Building Program
Through wisdom is a house is built, and through understanding it is established. –Proverbs 24:3 Living Stones Church in Crown Pointe, Indiana, (located less than 50 miles outside of Chicago) needed a stewardship initiative to raise significant capital for their much-needed expansion. They wanted the effort to feel like their culture and seize on
Banking Opportunities for Churches
Choosing where and how to manage deposit funds is a crucial decision for leaders of faith-based organizations. If a church’s bank fails, they aren’t just losing operating funds. They’re losing money that may be earmarked for charitable work and other vital initiatives supported — and largely funded — by their congregation. These institutions often
Protecting Your Place of Worship: Understanding Church Insurance
Ensuring the safety and future of your church means embracing insurance solutions designed to protect your organization from unexpected challenges. Insurance is a critical aspect of risk management for any organization, and your church is no exception. Your ministry faces numerous risks, ranging from property damage to employment disputes. Without proper insurance coverage, these
Working Smarter with Your Giving Provider
Giving is a central component of being part of the church. Not only is giving an essential act of worship, it is an investment in the ministry the God performs through the church. Online or digital giving is important in the health of all churches. The great news is that there are many choices
Critical Mistakes Churches Make When Planning to Build
Churches looking to build must learn how to be a good stewardship of the construction process. However, some lessons are learned tougher than others. In my 23 years of observation and experience in church capital expansion, there is one critical error that repeats itself over and over. It is the reason why most church
How to Avoid These Five Common Payroll Mistakes
By Sarah Barham It’s no secret that churches face complex challenges when it comes to their finances. Accounting, taxes, payroll, internal controls, and complying with new governmental regulations all have to be taken into consideration. Here are a few best practices that can save your church major headaches. 1. Verify and specify whether the