Many Americans are experiencing 'donor fatigue'. According to many experts, a proliferation of new nonprofits over the past 30 years has led to more competition than ever for our charitable dollars. Many churches are left struggling to find a solution for funding their own church and projects because people are giving to many worthy organizations in addition to the church. You know the tithes and offerings you receive every week are crucial to funding your mission, and if your church wants to continue to grow and reach your community, your members need to understand it too.
A few weeks ago, we had the chance to sit down with Greg Ring, co-founder of Fulcrum Philanthropy Systems, as part of our webinar series. Greg helped us 'understand the times' and how planned giving can be a part of funding the future vision of your church.
One of the most fascinating parts of our discussion was the statistics Greg shared about the state of giving in our country today. When it comes to facing the reality of funding the mission of the local church, here are a few statistics that every pastor should know:
- There are over 1.2 million nonprofits today. For church leaders, this means that the competition for stewardship dollars has never been greater.
- Over the next 40 years, our country will experience the largest intergenerational transfer of wealth in the history of the world. This means that your church has a real opportunity to harness some of the $41 trillion that will change hands through estate planning or other major giving opportunities from those who understand the vision of your church and want to make an eternal impact in your community.
- The average American has about 91 percent of their net worth in assets. However, most of the books about personal stewardship tend to focus solely on cash and liquid assets. Planned giving is about helping people understand how they can steward everything God has given them, not just their paycheck.
Understanding these statistics is crucial if you want to effectively overcome the giving issue many churches are facing today. Once you understand the context of what your church is up against, you can begin to create a strategy for funding the local mission of your church.
If you want to know how to effectively create a strategy for funding the future vision of your church, you can watch Greg’s presentation here. He does a brilliant job of providing real-world examples of how your church can effectively communicate the importance of planned giving to fund the mission of your church for years to come.
What was your biggest takeaway from the webinar? When it comes to funding your mission, what has been the biggest hurdle your church has faced?