Strengthening Financial Well-Being

Since 2015, Wespath has participated in an initiative focused on clergy financial well-being, partnering with the General Board of Higher Education and Ministry (GBHEM) and the National Association of United Methodist Foundations (NAUMF).

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The Clergy Financial Well-Being Initiative also helps stimulate learning among church leaders to address the financial challenges facing pastors.

“Clergy often carry heavy seminary debt that impedes their ability to give fully of themselves to the church,” says Barbara Boigegrain, Wespath general secretary and CEO. “Some clergy are challenged to manage church budgets and cultivate a culture of congregational giving that is vital for supporting ministry work. This initiative helps strengthen financial well-being at both the personal and congregational levels.”

Current priorities seek to expand refinancing for clergy debt; integrate financial education in clergy training programs; and provide a financial education curriculum. For example, a limited number of scholarships for Wespath’s educational events—revitup! and Clergy Benefits Academy—are available through this initiative. Learn whether you are eligible and how to apply by visiting wespath.org/events.

For more information on partnership opportunities please contact clergyfinance@wespath.org, Bonnie Marden at 978-846-1260 or Dale Jones at 847-866-2715.

From the July 2019 issue of Hark!

 
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