[Jeff Steed]

The Louisiana Baptist Foundation’s Short Term Fund can be used for various cash reserves and designated accounts. This daily liquidity savings-type account is paying an annualized rate of 1.60% (as of 6/30/2022) compared to the average national daily savings rate for banks being around 0.10% currently. Based on our internal information, we are excited that the rate is the highest being offered to churches in the state to our knowledge. For more information, please email Contact@LBFinfo.org or call 877-523-4636.

[Jeff Steed]

A good “rule of thumb” seems to be 3-6 months of cash-flow needs from a minimum standpoint.

[Jeff Steed]

The Louisiana Baptist Foundation has a “Special Gifts” one-page publication that is a brief summary of gift types that can benefit your church beyond cash. The publication can be branded for your church including your logo and other content. One possible use for the publication is to enclose with your periodic donor contribution statements. If interested, please email contact@LBFinfo.org or reply to this post. We would be honored to email you the publication.

[Jeff Steed]

Jody, the below links may be helpful. You will need to register for a free ECFA account when you click on one of the links. Thanks. –Jeff

Conflict of Interest Sample Policy for Churches:
https://www.ecfa.church/Content/Conflict-of-Interest-Sample-Policy-CHURCH

Executive Compensation Policy – Church
https://www.ecfa.church/Content/Executive-Compensation-Policy-CHURCH

Financial Management Sample Policy and Procedure Handbook
https://www.ecfa.org/ContentManage.aspx?Type=KnowledgeCenter

Sample Short-Term Mission Trip and Mission Field Visit Assessment Policy
https://www.ecfa.church/Content/Sample-Short-Term-Mission-Trip-and-Mission-Field-Visit-Assessment-Policy-CHURCH

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