Thursday, March 26, 2015

The Sources Of Church Financing

By Lelia Hall


Most churches in the world are owned by the community and play an increasingly big role in providing the community with facilities. They are significant venues for volunteering with many being used for counseling purposes on matters such as homelessness, drug and alcohol problems, finance and debt, parenting and mental health. Church financing is therefore necessary in making improvements on facilities that are essential to the congregation.

Important amenities such as catering and toilets have to present to ensure that the community remains integrated into the church as well as ease of access by the public. To avoid under using of the resources available, the above needs to be done in order to meet the necessities of this community.

Funding for churches help to enhance repair and alterations activities in order to rekindle the initial use of this property. Once the repair works are finished, the stakeholders can come together and solve their problems and spend some time together. The ability of a church to hold conferences is dependent on whether the necessary facilities such as catering are there.

There is a range of funding for the community to choose from both internal and external. For the internal way, the focus is on the giving power of the congregation and their enthusiasm. The leaders can run an appeal for regular donations by members on a monthly basis and this highly depends on their commitment towards the vision. Members can also organize their own fundraising activities such as giving out proformas.

Members can also do auctioning of promises which involves offering of services or skills that could be any activity such as babysitting and baking. The internet can be helpful when people come up with online giving systems which make use of slogans. This can be a way of getting the information out there and increase the funding circle.

Additionally, the congregation can offer paid services to the public such as cleaning, washing, cooking and ironing to add to the basket. The members can also sell their personal unwanted items to raise money with one of them being in charge of these sales on behalf of the others. In other situations, these communities can unanimously decide to dispose of a building that they own. Some members could also be allowed to access loans that they are to pay with interest in order to invest the money collected.

For the external funding, grants are the most common although they have a lot of paper work. Giving organizations will demand to see substantial progress being made in terms of direct giving as this shows commitment to the project. Commercial funding is another source of giving where companies that may have interest in a particular element of your building they fund it.

The net of the money to be collected can be increased by the church organizing events that will involve other members of the public other than the congregation. National lotteries are used though not very common due to their controversial nature hence the need of thinking over the matter together. A loan can also be secured by the church that should have a payment period of between 10 to 25 years.




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