Church Finance and COVID-19
Here are a few resources for churches to keep funding going during this challenging period.
Subscribe to this section. Stay up-to-date with current forms, tools, and information every church needs.
Here are a few resources for churches to keep funding going during this challenging period.
It is important to track your giving so you know as leadership where the church finances stand at any time. Each church handles giving communication differently and these are a few ideas from a variety of churches.
Since ministers are not allowed to deduct church related business expenses from their local church employment as self-employed workers, often ministers and other church employees pay unnecessary income taxes on legitimate business expenses.
“Give, and it will be given to you. A good measure, pressed down, shaken together and running over, will be poured into your lap. For with the measure you use, it will be measured to you." Luke 6:38
We all face tough questions about our charitable giving. In tough financial times, these questions are even harder to answer. That’s one reason why the Christian Reformed Church in North America has a system called ministry shares.
Today more ministers live in their own houses than ever before. But not all. Local situations vary. But where pastors live in church-owned housing, consistories do well to think about their retirement days.
Gift income includes gifts and contributions from individuals, special offerings, estate gifts, funds raised for disaster relief, and ministry shares. Among all these sources one of the most important, though often the least understood, is ministry shares.