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.
Budget & financial management
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Representatives of Park Street UMC consider options for the church property in Belmont, North Carolina, at a design charrette, which is a process in which stakeholders gather to map solutions to complex problems. Photo courtesy of Wesley CDC
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.
Steven and Harriet Gaither, a retired couple who benefited from one of Eastern Star Church's programs, stand in front of their first home. Photo courtesy of Eastern Star Church
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.
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.
Values, vision and information are important for organizations seeking to band together to purchase goods and services, say experts in the field.
Many congregations have endured staff cutbacks, salary freezes and deferred maintenance in response to the recession. But one budget area that may need to be increased, even in hard economic times, is programming, recent research suggests. Take our quiz to test your knowledge of the relationship between economics and congregational health.
Think of the budget as the institution’s ecclesiological self-portrait.