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Why is a business model important for a ministry?
The new executive director of any ministry needs to understand the organization’s finances. That includes how money is raised and spent as well as the economics of the people involved, writes the executive director of Leadership Education at Duke Divinity.
Link to author David L. Odom
By
David L. Odom
Executive director, Leadership Education at Duke Divinity
The visionary and the implementer: Partners combine strengths to launch a housing development for formerly homeless older adults
When San Antonio’s Catholic Worker house grew from offering a feeding ministry to building affordable housing, its leader got help from a surprising source: a former administrator in the city department that had tried to shut it down.
Link to author Robyn Ross
By
Robyn Ross
Journalist
Church income isn’t keeping pace with inflation — but here’s how faith leaders can encourage giving and growth
As a recent report sheds light on the postpandemic state of faith and finances, experts offer suggestions for increasing church income by prioritizing ease of giving and financial literacy.
Link to author Leslie Quander Wooldridge
By
Leslie Quander Wooldridge
Journalist
Navigating financial dependency: Does your ministry have a sponsor, and what does that mean?
Maintaining a successful relationship with a significant funder requires being clear about intentions and understanding how to negotiate priorities, writes the executive director of Leadership Education at Duke Divinity.
Link to author David L. Odom
By
David L. Odom
Executive director, Leadership Education at Duke Divinity
My church is a beautiful waste of money
By the metrics of business management and capitalism, the work of churches and pastors is redundant.
Link to author Melissa Florer-Bixler
By
Melissa Florer-Bixler
Pastor, Raleigh Mennonite Church
Mark Elsdon: The church is not broke
Yes, the church is in decline in some ways -- but religious institutions control billions of dollars of assets. What if we invested that money in mission?
Money, mission and meeting in person -- a new study looks at COVID-19's effect on churches
More than 550 congregations took part in Lake Institute’s survey about the pandemic. While their finances have been impacted, many faith communities are adapting, which will be critical moving forward.
Link to author Edie Gross
By
Edie Gross
Journalist
A North Carolina nonprofit helps churches convert property from liabilities into assets
Leaders of a community development corporation believe that even struggling congregations can survive and thrive if members take stock of their assets and put them to use as resources for their communities.
Link to author Yonat Shimron
By
Yonat Shimron
Journalist
Church's money management lessons lead to transformation in an impoverished neighborhood
Eastern Star Church is helping bring hope to the 46218 ZIP code in Indianapolis through housing initiatives, social services, a grocery store, financial coaching and more.
Link to author Shari Finnell
By
Shari Finnell
Journalist
Dave Odom: What to do when money gets tight
Don’t begin the conversation with the expenses to cut. Instead, focus on your organization’s assets and how they can be leveraged in service of your missional impact, writes the executive director of Leadership Education at Duke Divinity.
Link to author David L. Odom
By
David L. Odom
Executive director, Leadership Education at Duke Divinity
