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New York Annual Conference Adult Education Program. Financial Planning with a Christian Perspective It Works : Bequests Now = $3.9 Million, up 680% Prepared by: Ed Ruppmann. Objective Empower our congregation to tithe Develop Endowment Fund raising programs

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new york annual conference adult education program

New York Annual ConferenceAdult Education Program

Financial Planning with a Christian Perspective

It Works : Bequests Now = $3.9 Million, up 680%

Prepared by: Ed Ruppmann

slide2
Objective
    • Empower our congregation to tithe
    • Develop Endowment Fund raising programs
    • Improve Church Operating Budget cash flow
    • Achieve measurable increase in apportionment receipts.
sower seeds of faith finance
Sower Seeds of Faith & Finance
  • Develop new approach to raise faith consciousness at local Church level
    • Start by commitment of time and talent.
    • Show Pastor and congregation the way
    • In time, donations and bequests will follow.
    • Convince skeptics “the more you give the more you receive.”
sower seeds of faith finance1
Sower Seeds of Faith & Finance
  • What is Christian Stewardship?
    • GAIN all you can SAVE all you can GIVE all you can
    • Recognizes all life as a trust from God
    • Responsible management of all God-given resources
    • Dedicate a worthy portion of your time, abilities and money for the advancement of Christ’s mission
    • Giving is rewarding and enriches your soul
    • Therefore we lead by example and it will be so:

“the more you give the more you receive.”

sower seeds of faith finance2
Sower Seeds of Faith & Finance
  • Our Stewardship Philosophy:
    • We must do more for our congregation.
    • We must demonstrate that we truly care and share our members financial burden.
    • We care so much that we will provide free financial planning and elder care/estate planning services at up to 50% discounts.
    • When we help our congregation get on solid ground it’s a “win-win-win” for everyone.
sower seeds of faith finance3
Sower Seeds of Faith & Finance
  • Our Stewardship Philosophy Works:
    • We have educated over 800 laity and clergy.
    • We have improved our members livelihood.
    • In turn, people have increased their giving. In the last 9 Months:
      • Bequests have grown from 1/2 Million to

$3.9 MILLION - UP 680% in 6 years.

      • Free will offerings have grown from $12 thousand to over$61 THOUSAND - UP 63% in 3 years.
      • We have provided financial education to 300+ MORE PEOPLE - UP 220%
    • It’s truly a “win-win-win” for everyone.
sower seeds of faith finance4
Sower Seeds of Faith & Finance
  • Our Stewardship Philosophy Works:
    • We have several testimonials from pastors.
    • From Rev. Betsy Ott – Ronkonkoma UMC
      • “You're doing a wonderful job. FYI our giving here has gone up in the past year and we are increasing in the number of pledgers. There is a much better sense of stewardship as a way of life and of the need for stability in giving so the church has stability in funding ministries.”
    • It’s truly a “win-win-win” for everyone.
sower seeds of faith finance5
Sower Seeds of Faith & Finance
  • What’s unique about this program?
  • Not a sales pitch
  • Entirely voluntary – you decide who implements plan
  • Plan for yourself
  • Don’t allow others to make poor decisions for you
  • Get a free 1st or 2nd opinion
sower seeds of faith finance6
Sower Seeds of Faith & Finance
  • Provide Financial Education Programs
    • Did you know:
      • Medicaid eligibility requires spending your life savings and selling your house to qualify.
      • At 65, 50% will require nursing home stays at a average cost of $100,000 per year.
      • Most people do not save enough for retirement.
      • People work 11,250 days, retirement plan 1 day.
      • At 65+, 55% of US population have income including Social Security below $15,000 per year.
sower seeds of faith finance7
Sower Seeds of Faith & Finance
  • Provide Financial Education Programs
    • Did you know:
      • Without financial aid, most parents could not send their child to college.
      • College costs are growing at 8 + % each year.
      • Health care costs are climbing at double digit rates.
      • Disposable income has been flat over the last 3 years and for senior citizens it is declining.
      • Disposable income donated to the Church is down but somehow many not-for-profits are thriving.
sower seeds of faith finance8
Sower Seeds of Faith & Finance
  • Provide Financial Education Programs
    • Did you know:
      • US Govt. estate tax is up to 55% plus 16% NYS estate tax, Income tax average* is 30+% Capital Gains tax is 15%-8%.
      • Giving appreciated stock to the Church is tax free - it’s a “win win” for you and your Church..
      • Leaving a bequest to the Church can eliminate estate taxes.
      • Most people and lawyers do not think about leaving money to the Church when preparing a will.

*Marginal Rates for NY/CT Metro area including State taxes.

sower seeds of faith finance9
Sower Seeds of Faith & Finance
  • Provide Financial Education Programs
    • How do we change the mind set?
      • We must educate our congregations about their finances
      • Offer free individual financial & estate planning
      • Highlight areas of concern and develop a plan
      • Implement a plan that enhances financial security
      • Financial stability will lead to capacity and willingness to tithe and consider planned giving.
sower seeds of faith finance10
Sower Seeds of Faith & Finance
  • Provide Financial Education Programs
    • How do we begin? Select a Church/Cluster and:
      • Educate Pastor, Finance & Trustee Chairperson
      • Explain the planning process
      • Highlight appropriate savings vehicles
      • Discuss importance of starting early
      • Impact of inflation and taxation on savings
sower seeds of faith finance11
Sower Seeds of Faith & Finance
  • Provide Financial Education Programs
    • How do we begin? Select a Church and:
      • Appoint coordinators to bring congregation together and offer similar services to all Church members
      • Promote awareness that our Church provides valuable services at no cost to the congregation
      • Promote seminar, insert fliers in Bulletin and mail invitations to Church members.
      • Conduct seminars at cluster level (3-6 Church groups)
      • Then we pray that people show up.
sower seeds of faith finance12
Sower Seeds of Faith & Finance
  • Provide Financial Education Programs
    • What’s next? For those who are interested:
      • Construct personal financial plans that examine their unique individual needs. Individuals need to:
        • Provide income and expense data
        • Provide net worth data
        • Provide insurance coverage data
        • Provide risk appetite information
        • Discuss Elder Care and Estate Planning concerns
sower seeds of faith finance13
Sower Seeds of Faith & Finance
  • Provide Financial Education Programs
    • Develop Financial Needs Analysis Plan
      • How much can I save with no change in life style?
      • How much do I need to save for college?
      • Will I have retirement savings to last until age 90?
      • Can I reduce insurance costs & invest the difference?
      • Are investment plans consistent with risk appetite?
      • How can I protect my life savings from Medicaid?
      • How can I transfer my life savings to my family and Church without paying 50+% tax to Uncle Sam?
sower seeds of faith finance14
Sower Seeds of Faith & Finance
  • Provide Financial Education Programs
    • Execute the Financial Needs Analysis Plan Short Term:
      • Develop individual financial plans free of charge
      • Plan completion will compel goodwill thinking
      • Gladly accept a one time donation to our Church or Conference
      • Increased savings potential will create stability
      • Financial stability will increase tithing & planned giving
sower seeds of faith finance15
Sower Seeds of Faith & Finance
  • Provide Financial Education Programs
    • Execute the Financial Needs Analysis Plan Long Term:
      • Increased savings potential will create stability
      • Financial stability will increase tithing
      • Elder Care Plans will compel one time donations
      • Estate Plans will permit bequest potential
      • Creation of secure retirement will allow bequest potential, providing Endowment Fund growth for years to come
sower seeds of faith finance16
Sower Seeds of Faith & Finance
  • Provide Financial Education Programs
  • Conclusion:
  • “The more you give, the more you receive.”
    • Encourage sharing professional talents and skills within your congregation
    • This is a “win-win-win” for everyone;
      • Conference and Church Benefit,
      • Clergy and Congregation Benefit,
      • Professionals providing services Benefit
sower seeds of faith finance17
Sower Seeds of Faith & Finance
  • How Do I Sign Up:
    • Check Seminar Sign Up Sheet.
    • Coordinate a seminar for your church - talk to your pastor and set a date on the church calendar. Seminars are 3 hours.
    • Communicate importance of event to leadership.
    • Appoint a coordinator, preferably laity
    • Insert flyers into bulletin 4 weeks before seminar.
    • Talk it up – need an average of 20 families to insure success.
    • Any questions call Ed Ruppmann on 516 364-1151.