Not just wealthy folks own stock. Actually around 55% of people own stocks…including people in your church. How can you enable them to give stock to your church and why is this a good idea?
Receiving a Stock Gift
Tag: Stewardship
Klingbeil Grants: How they work
The Dakotas United Methodist Foundation is offering Klingbeil Grants for new accounts. I love this program as it helps churches make the giant leap from the security of a CD to prosperity of investing. While it is only available to Dakotas UMC churches, it’s worth sharing this with your own denominational foundation (Thrivent, WIF, TMF, etc.) to see if they offer a similar program.
Documenting Church Expenses
The other day I had a church call me up asking about how the pastor should be submitting mileage for reimbursement. That got me thinking…why have I not shared my mileage log and expense voucher templates? Well, here they are as well as my thoughts on documenting expenses.
Should the church support their local bank?
A difficult decision churches face is where to invest their money. Do they invest it in their local bank and deal with a crappy CD rate, or do they invest in the Foundation and risk being seen as anti-community? Not an easy decision.
Budgets and Projections in QuickBooks
QuickBooks can be a pain to use for budgeting. Even the tool is hidden away. In the church world, budgets are rarely optional. In this post I go over setting up a budget and the importance of setting up a secondary budget to make year-end projections.
Endowment vs Investment Account – Draw me a picture
With CD rates being so poor and the number of churches receiving large sums of money (bequests, rebates, PPP Loans, etc), I’ve been receiving more questions than usual about the difference between an Investment Account and an Endowment. I try my best to make it simple here.
The Unexpected Windfall
A lot of churches will receive an unexpected windfall in the near future. Many of my Dakotas UMC churches will receive large rebates, but many others will like benefit from estate gifts. The big question is NOT how to use that money. It’s how do we best go about making that decision.