The Trouble With Patience

[Nahum]

Originally Posted by Ferd

Well, endowment is my prefered method. second would be to have missionary evangelists working for the ORG that is full time traveling rasing money for Missions dept.

Then set up budgets for each country, let the budget for that country be the rule, then place missionaries where they are fit the budget/fill the need.

this is SUPER simplistic, but it is far better than the current methodology.

Ferd, define endowment please.

[Ferd]

Originally Posted by Pastor Poster

Ferd, define endowment please.

Like colleges do. you put money in a fund and use the intrest gained. all new money goes into the fund thus year by year the amount you can use grows as well.

you can invest the funds in many different ways from real estate to Tbills. The arguement against it is it turns the church into a business. but we are competing with everyone else and they have hospitals and universities (real ones)

[rrford]

Originally Posted by Ferd

Like colleges do. you put money in a fund and use the intrest gained. all new money goes into the fund thus year by year the amount you can use grows as well.

you can invest the funds in many different ways from real estate to Tbills. The arguement against it is it turns the church into a business. but we are competing with everyone else and they have hospitals and universities (real ones)

The ONLY way this would be successful is to let someone OUTSIDE of the UPCI handle the investments. We do not need to do this in-house.

[Ferd]

Originally Posted by rrford

The ONLY way this would be successful is to let someone OUTSIDE of the UPCI handle the investments. We do not need to do this in-house.

you might be right. I know just about every other denomination has some form of this in place that works well.

there are lots of issues that would have to be worked out, like who gets to control the money.... but what we are doing has had limited success.

[Nahum]

Originally Posted by Ferd

Like colleges do. you put money in a fund and use the intrest gained. all new money goes into the fund thus year by year the amount you can use grows as well.

you can invest the funds in many different ways from real estate to Tbills. The arguement against it is it turns the church into a business. but we are competing with everyone else and they have hospitals and universities (real ones)

We have a Stewardship department. Is this something you would advocate they handle?

[Ferd]

Originally Posted by Pastor Poster

We have a Stewardship department. Is this something you would advocate they handle?

LOL! PP, im a big idea guy. the details would need to be handled by someone else.

[Nahum]

Originally Posted by Ferd

LOL! PP, im a big idea guy. the details would need to be handled by someone else.

Well, the purpose of this thread was to incite "ideas". I like the way you think Bro. Your ideas are just as good as some of the lame-brained stuff I've seen eminating from..... well, never mind.

[rrford]

Originally Posted by Pastor Poster

We have a Stewardship department. Is this something you would advocate they handle?

NO! ABSOLUTELY NOT!

[Nahum]

Originally Posted by rrford

NO! ABSOLUTELY NOT!

Why not?

Isn't that the whole idea of a Stewardship department?

[rrford]

Originally Posted by Pastor Poster

Why not?

Isn't that the whole idea of a Stewardship department?

It is the idea of course. BUt then again so is good stewardship. I personally would like to see a good track record of monies invested and returns from our Stewardship dept. before such an unudertaking in-house.

I have a feeling that it would actually cost less to let an outside entity handle it. As well as covering the ethical side of the issue.