Posts tagged ‘Finance’

Book Offers Insights for Doing Benevolence Well

By Stan Friedman

HICKORY, NC (August 19, 2011) – With apologies to the writer of Ecclesiastes, “Of the making of books and articles about compassion, mercy, and justice, there is no end.” Yet most might as well be titled Ditto because their content varies little from one to another. Continue Reading »

Minister Housing Allowance Challenge Dismissed

CHICAGO, IL (July 14, 2011) – A lawsuit that could have ended housing allowances for ministers was dismissed last month in the Federal District Court for the Eastern District of California in Sacramento. Continue Reading »

Financial Reports Reflect Generosity of Covenanters

ESTES PARK, CO (June 29, 2011) – The Evangelical Covenant Church recorded a surplus of $21,000 for fiscal year 2010, Treasurer and Director of Pensions Dean Lundgren told delegates during today’s business session of the 126th Annual Meeting. Continue Reading »

Health Insurance Premium Credit Proves Valuable

CHICAGO, IL (May 9, 2011) – Evangelical Covenant churches that have applied for a special tax credit on health insurance premiums have received between $400 and $10,000 from the government, says Dean Lundgren, director of pensions and vice president of finance for the Evangelical Covenant Church. Continue Reading »

May 15 Deadline for Churches Seeking Tax Credit

CHICAGO, IL (May 3, 2011) – Local Evangelical Covenant churches and regional conferences have until May 15 to apply for a special tax credit on health insurance premiums paid during calendar year 2010. Continue Reading »

Health Care Tax Credit Could Help Some Churches

CHICAGO, IL (April 28, 2011) – Some local Evangelical Covenant churches may benefit from a new small employer health care tax credit designed to provide financial relief to qualifying churches that provide health benefits from their denominational benefit program. Continue Reading »

Five-Year Wait for Permanent Home Comes to an End

PALM SPRINGS, CA (April 27, 2011) – After renting space for five years at a local high school, Cornerstone Covenant Church held the first worship service in their new building on Easter Sunday. Continue Reading »

Bethany Benefit Offers Special Open Enrollment Period

CHICAGO, IL (April 5, 2011) – A special mid-year enrollment period has been approved that will allow qualified individuals to apply for medical insurance coverage through Bethany Benefit Service, it was announced today. Continue Reading »

Covenant Pension Plan Recovers from Market Plunge

CHICAGO, IL (March 17, 2011) – The Covenant Pension Plan has made “a truly remarkable recovery” since the market plunge that hit bottom March 9 in 2009, says Dean Lundgren, director of pensions and vice president of finance for the Evangelical Covenant Church. Continue Reading »

Covenant Churches, Retirees to Share $1 Million ‘Surprise’

CHICAGO, IL (March 9, 2011) – Local Evangelical Covenant churches and retirees will be pleasantly surprised to learn that the Bethany Benefit Service medical and dental insurance premium for the month of June has been waived – a move that is expected to collectively save local churches and individuals covered by Bethany $1 million in premium savings. Continue Reading »