Financial planning tools for clergy and church administrators

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The statistics on Americans and retirement planning are staggering. More than half of us do not know how much we will need to live a comfortable retirement, and 60 percent have saved less than $25,000. For clergy, the economics of retirement can be even more challenging.

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Performance bonds: beneficial or a waste of money?

Pro-and-con

For most of my professional career, I have been anti-performance and payment bond-oriented. To me, they seem like such a waste of money. In short, they’re just an insurance policy (although the Surety industry would say they are not “insurance” but rather a “guarantee” — semantics!) in the unlikely event the general contractor on a job is unable to complete the project (usually due to a bankruptcy or other major catastrophe related to the contractor). In theory, that sounds great. It almost feels like the proverbial “Get Out Of Jail” card. But is it really?

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Dollar’s dollars: restricted gifts and abandoned projects

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Televangelist Creflo Dollar recently came under fire for asking that 200,000 of his followers donate $300 each to buy a $60-million luxury jet for his use. In the wake of bad publicity associated with the request, it appears that he may have cancelled the campaign before reaching his goal. The problem is: What happens to money already collected?

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Fraud prevention: are you doing all you can?

Signing a Check

Banks are in the business of risk management — so, who better to help your ministry manage fraud and the onslaught of cybercrime making news almost every day?

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Church Management Software (ChMS) Forum: It’s all about integration

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Frankly, many churches have some form of online giving software already in place. So, the point isn’t just about having online giving or donation tools — it’s about maximizing all the benefits online giving can provide.

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The healthy church

The Bible has a clear definition of faith in Hebrews 11:1 — “Now faith is the assurance of things hoped for, the conviction of things not seen.” Simply put, the biblical definition of faith is “trusting in something you cannot explicitly prove.” As church leaders, we walk every day in faith. So, how do we marry faith and facts? The church has been put in our care, and we must be good stewards of what God has given us. So how do we care for the church?

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The clergy housing allowance: get the facts

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As March and April roll around each year, a collective sigh can be heard as Americans prepare to file their taxes. Much of the groaning comes in response to the complexity of figuring out what regulations apply. The clergy housing allowance is a perfect example.

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“Church management software: focus on financial functions” — New eBook Available

Download the Elexio Church Software "Church Management Software (ChMS) Forum" eBook!

In this insightful new eBook, Mark Kitts — a founding pastor prior to joining the software world — talks about how ChMS-enabled financial functions can truly support a church. He also details some of the most underused ChMS financial functions.

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Financial planning for clergy and church administrators: upcoming webinars

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The statistics on Americans and retirement planning are staggering. More than half of us do not know how much we will need to live a comfortable retirement, and 60 percent have saved less than $25,000. For clergy, the economics of retirement can be even more challenging.

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Church management software (ChMS): where ministry meets monetary — new eBook available

Download the ACS Technologies "Church Management Software (ChMS) Forum" eBook!

In some ways, churches must run like businesses. However, houses of worship have specific needs that secular accounting software just can’t accommodate. In this insightful new eBook, ChMS expert Michael Jordan talks about those unique needs — and how the right ChMS meets them. Download this eBook now! And, keep an eye on your inbox for additional chapters, from giving / donation tools to first-time visitor engagement.

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