Church Finance

  Asset-based giving seems to have had a slow learning curve and adoption rate within the church community. But the biggest obstacle boils down to a simple question: Does this help our people or does this feel like a fundraising fad? Of course, there are several significant benefits of asset-based stewardship strategies: Asset-based giving can

  Through wisdom is a house is built, and through understanding it is established. –Proverbs 24:3 Living Stones Church in Crown Pointe, Indiana, (located less than 50 miles outside of Chicago) needed a stewardship initiative to raise significant capital for their much-needed expansion. They wanted the effort to feel like their culture and seize on

  Choosing where and how to manage deposit funds is a crucial decision for leaders of faith-based organizations. If a church’s bank fails, they aren’t just losing operating funds. They’re losing money that may be earmarked for charitable work and other vital initiatives supported — and largely funded — by their congregation. These institutions often

  Ensuring the safety and future of your church means embracing insurance solutions designed to protect your organization from unexpected challenges. Insurance is a critical aspect of risk management for any organization, and your church is no exception. Your ministry faces numerous risks, ranging from property damage to employment disputes. Without proper insurance coverage, these

  Giving is a central component of being part of the church. Not only is giving an essential act of worship, it is an investment in the ministry the God performs through the church. Online or digital giving is important in the health of all churches. The great news is that there are many choices

  Churches looking to build must learn how to be a good stewardship of the construction process. However, some lessons are learned tougher than others. In my 23 years of observation and experience in church capital expansion, there is one critical error that repeats itself over and over.  It is the reason why most church

  By Sarah Barham It’s no secret that churches face complex challenges when it comes to their finances. Accounting, taxes, payroll, internal controls, and complying with new governmental regulations all have to be taken into consideration. Here are a few best practices that can save your church major headaches. 1. Verify and specify whether the

  Fund accounting is a specialized form of accounting that involves the tracking and reporting of financial information for separate funds or accounts. Each has a specific purpose for how the money can be used. Donors may set these restrictions with the church’s board or other stakeholders. Unlike traditional accounting, which is primarily concerned with

  By Chuck Klein Here are key areas to consider as you begin the process. Churches considering a large-scale building or expansion project often start with similar questions. The biggest concern is what questions should we be asking that we haven’t already considered? Your church’s project is unique to your needs and circumstance. It requires

  By Terry Brown Whether you’re responsible for a large city congregation or a small, local ministry, ensuring that your church is properly protected by insurance is a vital consideration. Coverage of buildings and contents will help you recover quickly from incidents large or small, while liability protection will provide extra security in today’s litigious