Financial Services Archives - Page 6 of 19 - Church Executive


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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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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A transformation, truly

By RaeAnn Slaybaugh A Florida church’s design proves big impact is possible on a budget For Westside Family Worship Center in Jacksonville, Fla., everything changed overnight. Always a strong military community, the closure of a nearby Navy base meant the church immediately lost 60 families. Meanwhile, left empty, multiple mobile parks across the street from […]

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Increase engagement, streamline ministry management — and solve some of today’s toughest ministry problems

By Troy Pollock COVID-19 has forced churches across the nation to transition to a digital-first strategy to engage their congregations. However, in meeting with some of today’s leading churches and discussing the implementation of technology, one of the biggest pain points they communicate is the lack of seamless integration between their systems and tools. In […]

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Pushpay Announces ChurchStaq to Streamline Ministry Management

Pushpay, the leading payments and engagement provider to the US faith sector, today announces ChurchStaq™, an all-inclusive suite of end-to-end engagement solutions including a comprehensive church management system (ChMS), mobile app, donor management and giving solution, to help churches know, grow, and keep their people. Today, ChurchStaq™ combines Pushpay’s giving and app solutions with Church […]

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Tithing for the 21st Century & the “New Normal”

Many church leaders are facing a unique challenge in this new decade: how do you maintain giving when a global pandemic has church attendance at an all-time low? Because we live in the digital age, however, church members have access to more giving options than ever before. Technology — like automated clearing house [ACH] payments […]

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The benefits of unitized accounting in managing long-term investment pools at churches

By Kip Meadows Most churches are set up well to handle the day-to-day business aspects of their operations. Otherwise, the doors could not open and welcome the congregants. It is the rare individual congregation, however, who’s well-equipped to handle long-term funds, either endowment gifts or retirement accounts, for personnel or other longer-term capital accounts. Even […]

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Managing church finances

By Rev. Dr. Perry J. Hopper, MBA Managing church finances can be a complex task under the best circumstances. When we consider the unprecedented times in which we are currently living as a result of the COVID-19 pandemic, managing church finances can become a daunting task. Churches rely on the tithes and offerings of their […]

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It’s All About Alignment

A unified approach to church building & capital stewardship just makes sense We’ve all heard of church building projects that go like this: hire an architect and design a building. Find out the building you want is more than your church can afford. Hire a capital stewardship consultant to raise the difference. Find out the […]

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