FINANCE Archives - Page 4 of 33 - Church Executive


Will the Tax Cuts and Jobs Act affect YOUR CHURCH?

  On Dec. 20, 2017, Congress passed the Tax Cuts and Jobs Act (the “Act”) which represents the most substantial overhaul of the tax code since the 1990s. The Act brings significant changes to individual and corporate income tax filers. How will the Act affect tax exempt organizations — and specifically, religious organizations? Churches and […]

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Maximizing the 403(b) plan … for employees AND employers

By Colin E. Nass, CFP®, AEP®, RICP® & James R. Cook, CFP® Retirement savings plans, such as the 403(b) plan, offer benefits to both employees and employers First, let’s look at how employees can make the most of a 403(b) plan. For many, saving for retirement is one of the largest goals we will need […]

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COLLIN LUCAS & CORNERSTONE FELLOWSHIP OF LIVERMORE: Leaps & bounds — and lending, too!

By RaeAnn Slaybaugh Sixteen years ago, when Collin Lucas joined the staff at Cornerstone Fellowship of Livermore, he worked in IT. However, he also brought with him extensive experience in the business management consulting realm. Now, as Cornerstone’s CFO, his secular business background has proven instrumental in helping build — and fund intelligently — the […]

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How a pastor conquered his fundraising “learning curve” (in a big way!)

In 1992, Dr. Brent Taylor joined the staff at First Baptist Carrollton as the summer youth minister. Seven years later, he was lead pastor. It was his first pastor position. As a new, young pastor, he admits that fundraising represented a very steep learning curve. “I grew up in the church and was part of […]

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How this Lenten season is telling us Easter is the right time to engage in fundraising

Lent Easter

We have noticed a shift in mindset early in the Lenten season in how many are choosing to sacrifice. Rather than quitting chocolate and red wine for 40 days, we’ve observed a budding trend of supporters pointing to the “noisy” political environment and tragedies of late. This year, people are deciding to turn down the […]

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3 tips for church business managers: handling collections

money counting churches

By Tim Grabacki It’s not something church business managers think about a lot, but:  How you count the money might be affecting the church more than you’d think.  Here are three tips on how to better handle cash and checks in your collections.   #1: Treat the business office like a business office The mission […]

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Why a good start is the key to your best giving year yet

By Tobin Perry As we head into a new year, healthy churches will have big visions for the year ahead. You likely have ministries you want to start, new people you want to reach, and new initiatives to get off the ground. You need a healthy vision. But you need more than a strong vision […]

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In sync & on target

Q&A: How giving consistency — across multiple campuses — drives better ministry, increased magnanimity & more efficient church management Ensuring that multiple campuses feel unified — and keeping the messaging surrounding giving and generosity challenges consistent — seem like challenges most multisite churches would face. Is that accurate? Matthews: Yes, and these are important and […]

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Financial planning: what you can expect during your meeting with a financial planner

By Rev. Dr. Patricia L. Hunter, CFP® Making the decision to meet with a financial planner or advisor can help you focus on putting your own financial house in order and is an important step towards achieving financial wellness. A financial planner can work with you to help determine your long and short term goals […]

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Recognizing planned giving as a ministry

By Michael Prior, J.D. In recent years, the church has embraced several budgeting and debt retirement studies. Essentially, good stewardship practices tell us not spend more than we make. Debt is a problem we can see right now. And with a little guidance and discipline, we can be liberated from it. The problems we face […]

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