Money. One of the major challenges that churches face is setting a sustainable funding strategy. When it comes to church finances, leaders often take a “seat of the pants” approach each fiscal year with small regard for tomorrow. Too, they may not understand the funding sources available to the church, or how those sources can […]
Tag: endowment
Endowment Funding through Bequests
Churches frequently ask me: “What’s the best way to increase our endowment funds?” Smart leaders know that an endowment can help the mission of their congregation. Once we do the hard work of establishing the Endowment – creating the Endowment Policy, opening the fund accounts, and establishing the invesment and disbursement strategies – then the hard work of funding begins. […]