Articles for tag: Money Management

Kent E. Fillinger

Church Finance FAQ

By Kent E. Fillinger The COVID-19 pandemic has dominated our time and attention for much of 2020. This month’s article provides an overview of church finances based on our 2019 survey of 439 churches, while next month’s article will share findings from a separate survey that seeks to determine the impact of COVID-19 on the financial health of our churches. How Much Money Was Given to Churches Last Year? The total amount given last year to the churches we surveyed was $872,134,383. This included giving to the general fund, capital campaigns, building funds, and other sources. This reflected less than

The Threefold Trust Given to Elders

By Gary L. Johnson Long before I went to seminary, I earned a degree in finance and worked as a commercial loan officer. I enjoyed everything about the banking environment, from the people to the processes to the policies. Many banks use the word trust in their names, such as First National Bank & Trust. It should be no surprise, then, that one of the many services banks provide is the management of trust accounts. Banks typically have a trust department where workers oversee assets entrusted to the bank. A trust department can manage thousands of trust accounts worth hundreds

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