finance

General Church
The Paycheck Protection Program is a U.S. government loan program designed to help small businesses and nonprofits keep their workers on the payroll. More than 740 United Methodist entities have received loans of at least $150,000. Coronavirus image courtesy of the Centers for Disease Control and Prevention; money image by Gerd Altmann, courtesy of Pixabay; graphic by Laurens Glass, UM News.

Millions in federal dollars boost ministries

The U.S. Paycheck Protection Program threw a lifeline to hundreds of United Methodist ministries, but finances remain a concern.
Global Health
The Rev. Michelle Wilson offers sack lunches from the door of the church van as part of the Hands of Hope food security program at Gordon Memorial United Methodist Church in Nashville, Tenn. The church received a Sheltering in Love grant from the United Methodist Committee on Relief that has enabled it to expand existing food security ministries with seniors and persons experiencing homelessness during the COVID-19 pandemic. Photo by Mike DuBose, UM News.

In trying times, churches extend their reach

Grants from the United Methodist Committee on Relief allow churches to expand programs, increase capacity during pandemic.
General Church
Bishop Robert Schnase presents a motion during an online meeting of the United Methodist Council of Bishops calling for a task force to look at ways to bring financial sustainability to the Episcopal Fund. Screenshot of Zoom meeting via Facebook by UM News.

Bishops look at financial sustainability

The fund that supports bishops’ work is at risk of depletion in four years. The bishops plan to form a strategy to prevent that.
General Church
Rick King, chief financial officer of The United Methodist Church’s finance agency, speaks during a board meeting in March 2020 at Scarritt Bennett Center in Nashville, Tenn. The agency is applying for a small-business loan under the U.S. CARES Act. File photo by Kathleen Barry, UM News.

Church agencies get go-ahead to seek US loans

The General Council on Finance and Administration board gave approval for the finance agency and others to apply for small-business loans under the U.S. CARES Act.

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