Disruptive innovations create new economic models
The models that have worked for congregations and other Christian institutions have lost power. What innovations might change the way you operate?
Money
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Joe Mann: Philanthropy and the church
In a time of great needs and limited resources, congregations are increasingly looking to outside sources to help fund their charitable programs. A former Duke Endowment officer has some advice on how churches can connect with the world of philanthropy.
Questions of compensation
Salary-setting can be a delicate subject in any industry but is especially fraught in faith-based institutions. Christian institutional leaders have to reframe the conversation.
William G. Enright: Philanthropy as public theology
Public theology is what ordinary people do as they live out their faith in unpretentious ways beyond the confines of their religious congregations, on the public squares of their world, says the director of the Lake Institute on Faith & Giving.
Articulate your institution’s mission, then develop the financial model
The programs and services you offer must align with your mission, and decisions about staffing, facilities needs and revenue sources follow.
What size should your organization be?
The size of a ministry affects services offered, financial model, member commitment and more. Determining the right scale is key to effective planning.
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Creating virtuous cycles
What activities are key to serving your primary audiences, but also positively affect other audiences?
Developing a new financial model begins with an inventory of assets and liabilities
Conventional thinking about raising new money will not be as effective as in the past, so institutional leaders need to think differently.
Finding a sustainable financial model for Christian institutions
Rather than fretting about growing revenue streams or cutting costs, it’s time to create new models for Christian congregations and related organizations. That starts with knowing how to read a balance sheet.
Questions to guide organizational change during tough economic times
Sometimes institutional leaders are focused on survival. These questions can help shift thinking toward thriving, even in a climate of scarcity.
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