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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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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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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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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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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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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Compensation is always a challenging subject for church leaders, but even more so right now as they and their congregations struggle through the pandemic. Here’s some great advice from MMBB Financial Services (New York, NY), financial experts and pastors alike on how to approach the compensation equation (and discussion) right now. When we talk about […]
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Amid coronavirus, churches are (literally) reimagining their worship spaces. Portable equipment — platforms, risers, barricades and more — can make your space work, if you know how to maximize them. As you work with church leaders right now, what are their biggest questions about post-COVID operations? Cindy Albrecht: Church leaders come to us seeking solutions […]
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