Giving Statements Tips and Best Practices

How does your church leadership view Giving Statements? Many think of it as a tool to guilt people into faithful giving. Some of it view it just as an administrative task that does nothing for the church. What if your church’s giving statements were something that people looked forward to receiving and helped the grow as generous givers? I think this is possible, but it starts with changing your view of the giving statements.

Here’s the changes to be made:

  • From a reminder of pledges to a reminder of how giving is changes lives/the world.
  • From the focus being on the IRS and the Church Budget to the focus being on the donor and the Church Mission.
  • From an administrative burden to a ministry opportunity.
  • From something that the donor should be grateful to receive to a way to show gratitude to the donor.

Check out the video below:


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CARES Act: Church paying Pastor’s Student Loans

During the first three months of the COVID crisis, the big concern was if churches were going to have enough money to keep operating…to pay their pastor, utilities, and mortgages. As time goes on, many churches are finding out that their finances are doing great all things considered. Now that they are able to catch their breath, they may want to thank their pastor with more than words or a card, or even a hot dish.

The CARES Act allows you to make payments toward your employees’ student loans (including your pastor’s) with tax-free money! I love the phrase “tax free.” This is only available during 2020. You still have to jump through some hoops, but it’s not too bad. The video will explain it.


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Clergy Taxes

There are few things more confusing than Clergy Taxes. I do a webinar annually to train new clergy on what they should know about Clergy Taxes. I had the help of a few experienced pastors on this (Jenny Hallenbeck Orr, Karl Kroger, and Jen Tyler).

Long story short, Clergy Taxes are so confusing because pastors are considered both self-employed and church-employed by the Federal government. This training isn’t to make pastors into tax experts. It’s to make them good clients of tax experts.


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Accepting Gifts of Stock

The first stock gift I ever received as a church treasurer was several shares of Coca-Cola Company stock from a wonderful member named Char. Char wasn’t a multi-millionaire. She was just like so many ordinary people that happen to own stocks, bonds, or shares of a mutual fund. You don’t need to have a Bill Gates in your church to receive a stock gift. Ordinary people make these extraordinary gifts each year. Because of Char’s example, I actually made my own stock gift a few years later to support the church’s capital campaign.

I was fortunate enough to have David Nash (a financial guru) to guide me on receiving this gift. Not every church will have a David Nash. You don’t need special knowledge to accept a stock gift. You just need the right connections. If you are a United Methodist in the Dakotas, the Dakotas United Methodist Foundation is your David Nash.

Check out the video below:


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Top 3 CARES Act Benefits for the Individual

Normally I aim for helping church finance committees, pastors, and other leadership. With this pandemic, a lot of energy has gone towards helping the church as a small business, but what about the church as a group of individuals? If you go to long without considering the well-being of the individual, the church is going to struggle.

While there’s a ton in the CARES Act to benefit folks, I see three that are probably the biggest ones directed to individuals. Most of this is with the United Methodist pastor in mind, but they definitely do apply more broadly.

Check out the video below:


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Donated Services and the Church

A number of years ago, I received a call from a pastor who just had someone volunteer to do some painting for the church. After the job was done, the volunteer asked for a gift receipt because they actually ran a painting business. The gift of service is so priceless that the IRS won’t let you assign a value to it.

So…what do you say to the volunteer that was expecting a gift receipt? How do you handle that situation?

Check out the video below:


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Does the Church need a Car?

About a decade ago, Elmer Brinkman basically donated his 1998 Toyota Corolla to the Conference. That was our first fleet vehicle. I knew it would save us a ton of money. Before this, we reimbursed mileage at the IRS rate whenever someone had to travel for work. I was so proud of it, I actually put in gold letters “Elmer” on the back of this vehicle. Because of this donated car, my travel costs went way down so that I could afford to travel more. I saved $15,000 over four years!

I have often wondered if this would work for one of our rural parishes. If you have a pastor serving two or three churches, could you save the church $3 – 4,000/year in mileage? I love the idea so I’m sharing it in hopes that it will help someone.

Check out the video below:


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