FINANCE Archives - Page 2 of 44 - Church Executive


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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Compensation basics

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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The stewardship of space

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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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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