Elevating Your Church’s Funding to New Heights with Phil Ling
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Thanks for tuning in to the unSeminary podcast. We’re talking with generosity expert Phil Ling today. He offers strategic and energetic leadership to The Giving Church consulting team, helping churches fuel their ministries. The largest transfer of wealth in the world is going on right now. With four generations alive at the same time, churches must adapt their strategies to cater to diverse age groups and their distinct giving behaviors. Tune in as Phil offers help on creating a culture of generosity, understanding giving metrics, and executing successful vision campaigns. * Increase participation. // 45% of the people in the average church give less than $200 a year. While there’s no silver bullet to fixing this problem, it’s important to remember that God built His church around intentional generosity. Every year churches lose 18% of their people. Even when you grow in attendance, more people don’t necessarily solve your money problems. Instead, your number one goal should be how to raise participation while building intentional generosity. * Offer more to the community. // Some churches tackle fundraising by creating multiple revenue streams. Think about a way your church can serve the community you’re in. For one church that looked like building a state-of-the-art event center attached to their location, creating a steady income stream. Instead of constructing a church building, another church transformed an Anheuser-Busch distribution center into an athletic training facility, attracting 500,000 paying visitors annually. Then their portable church meets in the facility on Sundays. You can use something your community needs to both draw people to your church and increase revenue. * Pay attention to giving metrics. // Your job as the pastor of a church is to lead by example, cast a compelling vision, and raise the generosity quotient. People aren’t giving to the church like they did in the past. If you want to change that, it’s crucial that you understand and analyze your giving metrics in order to gauge the church’s financial health. * Celebrate giving. // Vision campaigns create an opportunity for people to feel a sense of urgency to take steps to participate. Ask yourself how do you encourage someone to give money for the first time? What is your strategy? How do you celebrate and communicate about people doing that? How much an individual gives isn’t important, but celebrating the fact that they contributed to the mission is. Communicate the impact of generosity and provide multiple, convenient ways for people to give. * Fuel vision. // If you’re going to do a vision campaign, you need to measure mobilization. How many people will get attached to your vision? Leaders cast vision, but generosity fuels vision. Churches must build a track record of transparency and accountability to gain the congregation’s trust. This involves providing regular updates on the campaign’s progress and financial status, and celebrating key milestones and achievements to keep the congregation motivated and engaged. * Financial analysis. // Phil advises churches to conduct a thorough financial analysis before embarking on major projects. This involves examining giving data over time to understand income sources, giving patterns, and capacity for funding projects. Use The Giving Church’s financial analysis as a tool for discipleship and stewardship. By categorizing giving units based on their trends (above pace, on pace, falling down, or in the watch category), churches can proactively engage with members facing challenges and provide support. * You can learn more about how The Giving Church can help increase your gen...
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