FINANCE Archives - Church Executive


Finding the silver lining: positive impacts of the global pandemic

By Molly Matthews The global pandemic has brought about immense change, and many have unfortunately felt negative effects. However, not everything that has come out of this is doom and gloom: some churches have seen positive impacts from pivoting their business strategies. Primarily, ministries were forced to turn to digital solutions to maintain connection with […]

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Bookkeeper saves church $8,000

By Amy Manderscheid  Before she started working for StartCHURCH, Angela worked in various accounting jobs. Now, she is one of our dedicated bookkeepers. One day, while reconciling accounts for one of the churches she works with, she noticed something off in the numbers. She quickly discovered the church was being charged $600 a month for […]

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Missionary response to COVID drives collections

By Matthew F. Manion The impact of COVID-19 on parish collections this year could be devastating, but it doesn’t have to be. Churches still have time to pivot to a new model of being church before the economic impact is irreversible. But they need to act quickly. To assess the financial impact of COVID-19 on […]

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Blessed under trial

With preparation, persistence and wise collaboration, Bridgeway is saving $450,000+ in yearly interest — even amid a pandemic By RaeAnn Slaybaugh Heidi Coughran has spent most of her career in church operations. She says it’s “exactly my wheelhouse.” So, when the opportunity arose in 2015 to join the staff at her beloved home church — […]

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Selecting investments to achieve your goals

By James R. Cook, CFP®, RICP® Before you devise an investment strategy, define your goal. Are you saving for retirement, to purchase a home, to fund your child(ren)’s education or something else? In this article, we will focus on saving for retirement. Risk tolerance and risk capacity When investing for retirement, consider your risk tolerance […]

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#GivingTuesday: have you decided?

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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Amidst the pandemic, U.S. churches increase online church accounting software investment

ChMS software

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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Study reveals sharp increase in planned gifts + COVID-19 planned giving impact

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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Don’t forget the offering!

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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Buy. Renovate. Build. Repeat?

Flexibility — and familiarity — in financing ensure one church’s buy/renovate/build expansion project is a smooth operation By RaeAnn Slaybaugh Recently, Northridge Church in Rochester, NY, found itself in a unique position. To accommodate growth, it would need to buy, renovate and build. It was a different project than the church’s 2008 sanctuary build-out — […]

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