Most church leaders will tell you that making a decision to build a new facility — or to expand their current campus — is among the most difficult challenges they face. Concerns about managing the process, stewardship of funding, and keeping church members happy with the results all contribute to the worry.
For a faith-based organization, a procurement services company provides a system for buying products and services that will reduce costs. Through their association with large, multi-facility clients — as well as with hundreds of manufacturer and distribution partners — these companies can provide value to smaller clients by sharing the discounts brought by the volume.
4 GREAT OPTIONS FOR FUNDING YOUR MINISTRY EFFORTS
Before your church obtains a loan for a new building purchase or construction project, it’s important to understand the differences — in other words, how to compare the different loan offers which lenders present.
Each year, thousands of people come to Mater Dolorosa in search of spiritual enrichment. Mater Dolorosa — a Passionist retreat center in the San Gabriel foothills, in the city of Sierra Madre near Los Angeles — is a sacred place whose spiritual work depends on some decidedly material things. Mission-style buildings, a stunning outdoor Stations of the Cross, and many other physical improvements set the stage for lives to be changed in faith.
To help preserve the beauty and soul-changing power of the places in their care, Mater Dolorosa’s board and staff rely on a professionally prepared capital plan.
If you were asked when your church gives, how would you answer?
More and more churches are asking themselves if they can truly afford a pastor. As a result, discussions on clergy compensation, burdensome seminary debt, and alternative pastoral models are taking place in seminaries and denominational bodies across the country — and ultimately, this question (or a similar one) is at the core of those conversations.
You didn’t get into ministry because you enjoy asking people for money from the platform. And yet, sometimes that seems like the only option in order to fully fund the work your church is doing.
Clifton Guy, Director of Information Technology at The United Methodist Church of the Resurrection in Leawood, KS — the largest UMC in the nation — is a preacher’s kid. Two of his siblings are also pastors, as is his wife. “So, it’s kind of the ‘family business,’” he says. But, Clifton himself is a self-professed […]
Developing a strong and trusted relationship with your lender can provide your As your ministry looks to begin a relationship with a lender — or maybe improve an existing one — having insight into the mind of a lender will help you develop this vital partnership.