FINANCE Archives - Page 59 of 60 - Church Executive


Church leaders must set the tone for effective internal control

As church congregations and budgets grow, the potential exposure to fraud and other illicit behavior grows as well. Larger churches would be well served to consider steps that other nonprofit entities have taken to tighten their internal control environments.

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Receive funds for your church project at three points less

If you could finance your next large construction project at three points less than a commercial lender would ordinarily charge without additional risk or gimmickry, wouldn’t you do so?

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How to secure project financing in an economic downturn

“It was the best of times, it was the worst of times … ,” wrote Charles Dickens in his classic, “A Tale of Two Cities.” You don’t need an advanced degree to see that these are difficult economic times. In spite of that, many churches around the country are still growing and looking for creative ways to manage that growth.

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Could your church use a new car or vacation home?

Imagine that if on a typical Sunday your offering plate was loaded down with gifts of cars, boats, RVs, timeshares, jewelry, gold coins and stamp donations.

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Turn trash into treasure to become better stewards

In their continuing efforts to be better stewards of the environment and the resources of their church, the leadership at Prestonwood Baptist Church in Plano, TX instituted a specific recycling program in 2007.

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Leaders need to pay close attention to the final 403(b) regulations

The Internal Revenue Services (IRS) issued revised final regulations under Internal Revenue Code section 403(b) in July of 2007.

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Giving trends point toward consumer oriented members

“Overseas missions are often used as a reason to give to the church. However, most churches and denominations have patterns in place that keep missions a small percent of actual total spending,” says Sylvia Ronsvalle.

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Comprehensive bank options for churches can pay dividends

Most churches piece their financial partner relationships together based on a chain of disconnected events or referrals. Interest rates decline and a decision is made to shop for a new mortgage lender.

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Mission possible: Motivational factors for charitable contributions

The number of charitable organizations in North America has been growing prolifically for more than a decade. As a result, people now have more options when considering their charitable contributions.

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How PCI compliance will protect your congregants

More churches and nonprofits are looking to their Web sites to raise funds and collect donations as well as do the work of processing registrations and payments for events, classes, Bible studies, VBS — you name it — all online.

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