Financial Services
 

	Financial COUNSELING Defining the Problem ~Sharing information of mutual concern ~Drawing upon experience and expertise from other church    members ~Determining the best solution with confidentiality being a    priority Areas where help can be given ~Compensation packages for clergy and staff ~Conducting a successful stewardship drive ~Accounting Practices   -Available software programs   -Auditing   -Checks and balances ~Property and liability coverage ~Benefits for clergy and staff   -Health   -Disability   -Life Insurance   -Retirement ~Church Endowment Fund ~Planned Giving Programs ~Finances for Construction and Remodeling ~Meeting the Challenge of Change
Successful STEWARDSHIP The Three aspects of Stewardship 1. Time 2. Talents 3. Treasures Purpose of Financial Stewardship 1. Annual Budget needs 2. Special single needs (Capital Funds/One-time Projects) Stewardship Programs of Action 1. Crusade of Friendship (members canvas) 2. Pony Express 3. Mail only program 4. Pulpit announcements, newsletters & bulletins 5. Consecration Sunday 6. Stewardship Advisors Special Purpose Programs 1. Charitable Loans 2. Pennies for Pilgrims, etc.
Restructuring of DEBT Steps that lead to Successful Restructure ~Analysis of debt problem ~Fixing the problem ~Finding the solution  -Sale of unused assets  -Reduction of fixed expenses  -Finding ways to increase income Investing Church Funds The Congregational Investment Fund developed jointly by: 1. NA Investment Advisory Committee 2. Associated Trust Company Advantages to member Churches 1. Low Management Fees 2. Pooling of money with other churches 3. Professional Investment manager Investment Philosophy; Total Return 1. Reasonable level of current income 2. Preservation of principal growth
Construction FINANCING ~Determine the Need ~Communicating the Need ~Funding the Need   1. Building Fund Pledge Drive (encourages member participation and gifts)   2. National Association assistance     a. 21st Century Pilgrim Club (Response from National Membership)     b. Building and Loan Mortgage (larger amounts with low interest rates)   3. Church Bonds     a. Member loans to church, interest paid     b. Series of notes with staggered maturity in small denominations (note: can become         donations)     c. Simple, with help from outside services   4. Commercial Financial Institutions
Estate Planning SEMINARS Dual Objectives: ~Provide free financial planning for members ~Develop additional gifting to church and /or NA The Seminar Format 1. Topics helpful for senior planning:   ~Medicare/Medicaid and Social Security   ~Elder Care Law   ~Long-Term Care   ~Wills or Living Trusts   ~Final Arrangements 2. Outside speaker with expertise in chosen field 3. Planning advantages   ~Income and tax benefits for individual   ~Gifting to the local church and/or NA     -Gift and Deferred Annuities     -Pooled Income Funds     -Trusts: Charitable, Remainder or Lead     -Life Insurance Gifts     -Bequests of Cash, Securities and Real Estate
Endowment FUNDS Determine Feasibility ~The Need ~Purpose   -Specific church program support   -Church upkeep   -Support Operating Budget (should be minor %) ~Structure   -By-law provision or separate corporation ~Promotion   -Acceptance by church membership   -Bulletin Inserts and Newsletter   -Differentiate: Endowment vs. Memorial Gifts that live in perpetuity The Role of the National Association ~Provide resources and expertise of NA churches ~Investment Guidelines   -The Prudent Investor Rule   -Advisory Committee   -Gift Annuity & Pooled Income Fund ~The Importance of Planned Giving   -Increased support of church and/or NA
Planned Giving PROGRAMS Benefits ~The donor - Income and Tax benefits ~The recipients - additional fund support for programs and projects of church and/or NA Programs administered by the National Association: ~Deferred Annuities ~Gift Annuities and Pooled Income Funds   -Attractive income to donor during lifetime   -Conforms to State and Federal regulations (Member American Council on Gift Annuities) ~Other programs with support of the National Association:   -Wills and Bequest   -Trust Agreements   -Living Trusts   -Charitable, Remainder & Lead Real Estate Trusts   -Life Insurance
	National Association of Congregational Christian Churches 8473 South Howell Avenue PO Box 288 Oak Creek, WI  53154 (414) 764-1620 ~ (800) 262-1620 Fax: (414) 764-0319 email: naccc@naccc.org www.naccc.org