[Jeff Steed]

RATE INCREASE — 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 3.13% (as of May 2023) compared to the average national daily savings rate for banks being around 0.25% currently. For more information, please email Contact@LBFinfo.org or call 877-523-4636. The Foundation would be very honored to partner in ministry.

[Jeff Steed]

Interesting article by Baptist Press: “Churchgoers are still tithing, more comfortable doing so outside of church”

https://www.baptistpress.com/resource-library/news/churchgoers-are-still-tithing-more-comfortable-doing-so-outside-of-church/

[Jeff Steed]

Free tool for special (non-cash) gifts to benefit your church: http://www.Giving-Gateway.net

[Jeff Steed]

New Publication Available: “Best Practices for Church Endowments” – To request a free copy, please email Contact@LBFinfo.org. We would be honored to send you a copy.

[Jeff Steed]

What are some advantages that you have seen for outsourcing church payroll services?

[Jeff Steed]

Should a church’s cash reserves and restricted/designated accounts be (1) comingled under one savings account, or (2) segregated?

[Jeff Steed]

Great resource to encourage non-cash gifts: http://www.Giving-Gateway.net

[Jeff Steed]

The cost depends on the size of the church staff. The following is an online calculator for the Foundation’s preferred provider for payroll services: https://www.ministryworks.com/pricing/

[Jeff Steed]

For capital campaigns, we work through a ministry partner (Auxano – Ministry of Lifeway). Please let us know if you would like to setup an introductory discussion with the three of us. Thanks again Dwayne. — Jeff Steed

[Jeff Steed]

Dwayne, we would be honored to provide online giving services to your fellowship. Please give us a call (877-523-4636) or email (Contact@LBFinfo.org) and we can discuss next steps. Thanks again. –Jeff Steed

[Jeff Steed]

Thanks Dwayne. Typically, we see the maximum percentage of a budget that should be committed to loan payments being at the 25% level.

[Jeff Steed]

Typically, a church needs 6 months to prepare for a capital campaign.

[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.

[Author]

Posts