By Matthew D. Hoffman You have recently been named the executor of an estate — but, like many people, you might not be familiar with the scope of the task that you’re undertaking and the important information you need to know. An executor is the person responsible for managing the administration of a deceased individual’s […]
Read More >Emerging trends, outdated ones, and ministry-specific design movements What’s especially appealing about working with churches? Trung Doan: Churches are the hands and feet of faith, and we consider it a privilege to equip churches to continue making a difference. Rodney C. James: Mentoring, leading and helping pastors. Most didn’t get a class in church design, […]
Read More >By RaeAnn Slaybaugh Research shows pastors are twice as likely to experience financial stress as the average American. As Rev. Dr. Perry J. Hopper, MBA, Associate Executive Director of MMBB, explains, this is because clergy sustain significant levels of indebtedness with fewer resources to meet their financial obligations. Coupled with a theology that sometimes can […]
Read More >Tried-and-true advice for driving predictable cash flow at your church For most churches, just how big a problem is sustained giving? Paul K. Knickelbein: For a nonprofit or church to succeed, it must have sustained giving from its members. Donations are what keep the doors open and the mission alive. As anyone who has managed a […]
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By Rev. James R. Cook, CFP® If you think Medicare will cover all your healthcare costs when you retire, think again. The sobering reality is that Medicare generally only covers about 60 percent of the cost of basic healthcare services for individuals aged 65 and older. The remaining 40 percent must be covered by […]
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For many people, churches are much more than just buildings. They are sacred spaces that carry great meaning to all who gather there for prayer, community, connection and spirituality. It is for these reasons that churches must take steps to provide safe spaces for occupants and mitigate risk on their properties. Purchasing insurance is […]
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How churches are stretching their budgets through gifts-in-kind organizations By Gary C. Smith It’s a given that with budgets tighter than ever, churches need to be creative in doing more with less. Yet many dismiss one very real resource because they’re convinced there must be a catch. But it’s not too good to be true. That resource […]
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By RaeAnn Slaybaugh By anyone’s standards, Tom Lunak, CFO of Calvary Chapel Fort Lauderdale, has extensive experience in the banking industry. In his career, he has held senior-level titles at, and done consulting work for, several banking institutions. So, it was a pleasant surprise when, a few years ago, he was asked to […]
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By Patricia L. Hunter, CFP® What is the “sandwich generation”? This term refers to middle-aged individuals who are simultaneously caring for and supporting their children, as well as their aging parents. They have been given that label because these individuals are effectively “sandwiched” between the obligation to care for their aging parents — who might […]
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By Meaghan Kelly It’s no secret that church budgets can be tight. To do the most good with this money, church administrators and facility managers should develop a healthy, long-term financial plan before spending any funds. Here are five financial goals to strive for when creating and managing a church facilities budget. #1: Be realistic […]
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