Many are familiar with the ACH Network, which last year electronically moved 24.7 billion payments valued at nearly $56 trillion between accounts at different financial institutions for payments including large B2B transactions or payroll direct deposit. Others may recognize the ACH Network as the payment system that funneled stimulus payments into millions of bank accounts upon the […]
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Culminating from its annual global G20 Interfaith Forum event in October, the G20 Interfaith Forum has announced its priority recommendations within five areas of focus for consideration by G20 Summit leadership at its Nov. 21 and 22, 2020 meetings in Saudi Arabia. The recommendations focus on issues such as COVID-19, advancing peace and conflict resolution, […]
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Can ministries be held financially responsible? By Gregory S. Love, Esq. & Kimberlee D. Norris, Esq. On May 18, 2020, the Boy Scouts of America filed for bankruptcy protection, largely in response to mounting sexual abuse allegations and civil lawsuits. This bankruptcy filing further complicates liability concerns for organizations (churches, schools, camps, conference centers) that […]
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From NonProfitPRO / By Laurence Pagnoni Just weeks away, #GivingTuesday will take place on Tuesday December 1. This day of global giving has grown into an impressive movement that inspires hundreds of millions of people to give, collaborate and celebrate generosity. The average online gift is $111. It may be an opportunity for you to leverage […]
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An excerpt from Barna’s new report, Six Questions About the Future of the Hybrid Church Experience In the spring of 2020, as much of the United States began enforcing social distancing measures to prevent the spread of COVID-19, the overwhelming majority of churches accordingly closed their doors. Ministries shifted quickly to digital services as faith […]
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Religious leaders report reduced giving, increased use of technology To document the impact of COVID-19 on church life, Ministry Brands — a leading provider of software, services, and information platforms for churches, ministries, and those they serve — this week released new data from a recently completed national survey of churches across multiple denominations. The […]
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Churches turn to tech to fill collection plates during the pandemic By Aaron Senneff Congregations large and small are feeling the financial impact of the pandemic. With in-person services suspended for months and collection plates idle, churches are turning to technology to bring in revenue to fund their ministries. The COVID-19 environment is accelerating the […]
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By Marcus Wagner AcctTwo, a leading provider of online church accounting software and nonprofit financial services, recently reported that the U.S. church sector has accelerated investments in financial and accounting solutions in 2020 in response to the COVID-19 pandemic. AcctTwo has increased its church clients by 10% since February 2020 and continues to see more demand, up 136% […]
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A new study released by BNY Mellon Wealth Management’s Planned Giving Practice reveals that, despite concerns the 2017 Tax Cuts and Jobs Act would have a negative impact on the future of giving, philanthropists increased their support of the non-profit sector during 2019. Non-profit organizations represented in BNY Mellon Wealth Management’s 2020 Annual Charitable Gift […]
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From OnlineGiving.org “I can count on one hand the number of times I’ve seen vision connected to the offering.” That comment was made by a denominational leader to me recently. He revealed what I have long known: the offering is the least prepared moment of our worship services. Now that we’re all worshipping remotely, my […]
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