By Matthew D. Hoffman, CFP®, ChFC® When we think about estate planning, drafting a will, and getting your financial affairs in order, millennials aren’t the first demographic group that come to mind. Most people don’t start to think about this topic until they’re a little older and more established; they usually have achieved milestones such […]
Read More >By Donovan Loomis Between Sunday worship, youth activities, and all the groups that meet throughout the week, your church is a hub of activity. Your congregation relies on the facilities to not only be a place of worship, but also a launching pad for ministry. Church leaders are expected to be intentional in how they […]
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By Darren Thompson & Richard Koon Across the country, churches are answering the call to start a private Christian School — but they’re unsure about how to navigate the process. Does this sound like your church? In this second installment of our three-part “Financial Management for Christian Schools” series, we’ll discuss next steps, as well […]
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Founded in 2004, Cornerstone Community Church (CCC) is a young church located in the rural mountains of Virginia, meeting in a converted downtown storefront. In a city with a population less than 7,000, finances have been a struggle for the growing church. Here, Lead Pastor Mike Morris recalls a recent change that has helped CCC […]
Read More >How to be cost-conscious — & environmentally responsible — with your wireless audio equipment What are you spending on disposable batteries every year for wireless mics, lavaliers and in-ear monitors? Have you considered a rechargeable solution? The ability to purchase batteries (and charger) just once — and yet equip your church for years! — is not […]
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By Rebecca M. DaVee, CPA Our last metric is the sustainable operating metric. When you boil it down to the last key performance indicator — the one that tells the true story for sustainability — what is it? It’s not based on an account buried in the profitability of the organization, (i.e., statement of activities […]
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By Dan Mikes As you might have noticed, interest rates have been on the move. Also, recent economic signals seem to imply the federal government will be more active in 2017. Consider comments economist Dr. Scott Anderson made on February 17 under the heading, “Inflation Runs Hot, Will the Fed?”: The urgency to hike interest […]
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By Rev. Dr. Patricia Hunter, CFP® In today’s world, most of us have debt. One of the keys to achieving financial wellness is learning how to manage that debt. Debt does not have to be an insurmountable problem Is debt distracting you from your ministry? As servants of God, we often place the needs of […]
Read More >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 […]
Read More >By Darren Thompson & Richard Koon with Robert “Bo” Gutzwiller You might be successfully pastoring a church and thinking the “next step” for your ministry is starting a school. CAUTION: Your skill and experience with operating a church might or might not translate into the unique challenges that schools present. Who wouldn’t be interested in […]
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