Financial Services Archives - Church Executive


Good governance = good giving

A clear financial plan, including a sound investment policy, protects a church, its ministries and its people from a potentially devastating financial misstep. However, did you know this same plan can actually drive better giving, too? John Regan, Partner and Chief Investment Officer at New York-based Permanens Capital, which counts among its clients several large churches […]

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Financial wellness: an added benefit for your staff

Stethoscope and money

By Louis P. Barbarin, CPA Perhaps you have heard of or read about ‘financial wellness’ in the workplace. It’s one of the new buzzwords used to describe the range of financial services that some companies are making available to their employees. So, just what is financial wellness? According to Tom Rath and Jim Harter, leaders […]

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3 simple ways to increase your church’s giving

Statistics show that giving online is increasing year over year. Other methods for giving are also gaining momentum — via text message and mobile phone.

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Measuring ministry activities

church dashboard metrics

Measuring and exploring key performance indicators (KPIs) for your ministry can help in the navigation of both risks and opportunities.

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Satellite expansion from the lender’s view

chuch construction_1

Satellite expansion can help manage a church’s growth in attendance. There are do’s and don’ts for dealing with lenders and church expansion locations.

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Financing projects — borrowing vs. capital campaign

Church lending and budgeting

When your ministry is planning a project, options for financing are to borrow, have a capital campaign, or save. A mix of all three is also possible.

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Counting collections: 3 “good steward” reasons to automate

For Tom Holzheimer, Business Manager at St. Charles Borromeo Church in Parma, OH, automating the counting of collections means he can process more than $13,000 of weekly check donations in less than 10 minutes. Previously, it took him hours. A detailed case study is available here.

Collections are an important part of any church. And, as a church leader, you want to manage your inflow the best way you can.

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Rethinking the church capital campaign

preacherman

The capital campaign has always been a powerful way for church leaders to focus attention and resources toward reaching a God-inspired vision for your ministry. And while the timeless principles will never change, the best approach to funding your vision has always — and will always — evolve as the landscape of ministry evolves.

In fact, we’re living through one of those evolutions right now.

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Metrics that drive sustainability: what gets measured — and managed

Over the past 30 years, I’ve sat in business meetings with pastors and board members and watched them cringe (literally) when required to review yet another financial report from the business office. Their eyes glaze over, and they begin doodling and drawing pictures on the financial statements.

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Glenn Wood: Finding the financial "fuel" Seacoast needs to grow

Glenn Wood / Church Administrator / Seacoast Church / Mt. Pleasant, SC

With 13 locations (and growing!), Seacoast Church’s vision proved to be beyond its previous financial partner’s comfort level.

The challenge: find one that understands who the church is, what it wants to do, why… and how to make it happen.

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