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Mill Wireless th3m1llatd3nt0nb1bl3

Mill Wireless th3m1llatd3nt0nb1bl3. The Financial Life of A Missionary. It’s More Than Just a Necessary Evil. It’s more than just raising money. Philosophical Framework. The Financial Life of A Missionary. Recognize its importance Not raising funds but developing people

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Mill Wireless th3m1llatd3nt0nb1bl3

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  1. Mill Wireless th3m1llatd3nt0nb1bl3

  2. The Financial Life of A Missionary It’s More Than Just a Necessary Evil It’s more than just raising money

  3. Philosophical Framework The Financial Life of A Missionary • Recognize its importance • Not raising funds but developing people • How you handle your money affects others • Relating to nationals • Relating to supporters • How people perceive you • Must be relational, so . . . It’s an important part of your ministry

  4. Relating to Nationals The Financial Life of A Missionary • Stereotypes • You will have them of nationals • Nationals will have them of you Attitude: a little thing that makes a big difference • Attitude • Be a learner • Be easy-going • Earn the Right to be Heard • Nothing Is Beneath You • Care About People • Be careful about giving money

  5. Your supporters are investing in the Lord’s work Supporter Relations The Financial Life of A Missionary A. Getting Donors–the groundwork for on the field communication. • A building is only as strong as its foundation. • ACS OnDemand and The City • Schedule – devote a regular amount of weekly time to raising support. Be deliberate and intentional! Donors are part of being a missionary. • Be professional – right or wrong, most people do not support slobs. • Mythbuster - people are not impressed with shoddy support letters, nor are they impressed with overly long and ornate ones. Demonstrate excellence in everything you do, so as to reflecting your passion, and more importantly, God’s!

  6. Supporter Relations Your supporters are investing in the Lord’s work The Financial Life of A Missionary • Cast a vision for ministry and invite people to participate – help people think strategically with you. Strategy equals value equals ownership. • Make it easy for people to support you – EFT, Reminders, Online giving. Talk to your agency. • People not dollars – emphasize the ministry role they are playing. Say, “Thank you for your ministry” instead of “thank you for giving.” Get their birthdays and anniversaries and send cards. A. Getting Donors–the groundwork for on the field communication.

  7. Supporter Relations Your supporters are investing in the Lord’s work The Financial Life of A Missionary • Utilize Church Membership and existing social networks FIRST – built in buy in. • Set communication expectations early – make them REGULAR and make them EASY TO READ. Mix between hard copy and electronic. Hand write as much as you can (Notes, addresses, signatures). • Take time to better cultivate your existing supporters instead of blazing ahead trying to find new ones - It is MUCH easier for someone to stop giving to you when they don’t have a strong connection with you. A. Getting Donors–the groundwork for on the field communication.

  8. Supporter Relations Your supporters are investing in the Lord’s work The Financial Life of A Missionary • Spend some time each week to maintaining donor relations. • Ministry raises support - Talk about real work, not sitting around reading your Bible and journaling all the time. Show pictures. • Talk about real struggles. Let your people know how to pray for you! Remember that they are your team! • Furlough – communicate with supporters and tell them when you’ll be home. Cultivate and lead them in your shared ministry. B. Keeping donors – building on the foundation.

  9. Supporter Relations Your supporters are investing in the Lord’s work The Financial Life of A Missionary • Computer programs – Pages (for Mac users), InDesign (overkill, but it works), Publisher (clunky), Word (basic) • Email Newsletters- Constant Contact, MailChimp, • Social Networking Sites – Facebook, Twitter, The City • To Blog or not to Blog – wordpress, dbcm.org, etc. Its Free! • Refrigerator Magnets – vistaprint.com, missionslinked.com • Business Cards – vistaprint.com, DBC Printshop • Response Cards – let people communicate with you • Post Cards – great for quick updates • Brochure – may be good to have one if funds permit • Photobook – great for sitting down w/ potential folks www.mypublisher.com, or through iPhoto C. Resources and Materials

  10. Supporter Relations Your supporters are investing in the Lord’s work The Financial Life of A Missionary D. Admin.dentonbible.org

  11. CE325 In 15 Minutes The Financial Life of A Missionary • What should you expect from your agency? • Good accounting practices – Dual control, GAAP, Financial transparency, solvency, donor privacy, compliance to the Tax Code • Immigration assistance • Benefits - It shows the agency cares about you and your future • Group Insurance - IMG • Retirement – Talk to Guy Jones It’s good caring about people

  12. CE325 In 15 Minutes The Financial Life of A Missionary • What your personal responsibility? • Understand your compensation structure and how you arrive at what you have to raise It’s making informed decisions

  13. CE325 In 15 Minutes The Financial Life of A Missionary • What your personal responsibility? • Understand your compensation structure and how you arrive at what you have to raise • You don’t have to be tax expert, but you should understand enough to ask good questions and know where to go for answers. • Expatriate Issues: Publication 54  • Clergy Issues: Publication 517 • COLA Issues: Office of Allowances (aoprals.state.gov > DSSR section 229) It’s making informed decisions

  14. CE325 In 15 Minutes The Financial Life of A Missionary What is your professional responsibility? • Comply with the financial policies of your agency. It directly impacts the reputation of the agency and, more importantly, of God • Be aware of the tax and employment laws of your country of residency. • Document, document, document – 5 W’s • Publication 526 – Charitable Contributions • If you supervise people, hold annual reviews. They are a pain and stressful, but they help individuals grow. It’s good business and HR practices

  15. CE325 In 15 Minutes The Financial Life of A Missionary • A ministry job is still a job. The work relationship is not the same thing as a discipling relationship or an accountability relationship. • Be aware that Corporate, Not-For-Profit and Church accounting is not the same. The answers may be different. It’s good business and HR practices What is your professional responsibility?

  16. Supporter Relations Your supporters are investing in the Lord’s work The Financial Life of A Missionary D. Questions

  17. Discussion Questions • A donor says to you before going on furlough, “we will not be supporting you during your furlough. We want to give our money to ministry, and if you aren’t going to be doing ministry for a few months, we’d rather put our money elsewhere.” How do you respond? What are the underlying assumptions of this statement? • You plan on taking your family on a two week vacation and you send an email out to your support team telling them to pray for your time of relaxation and rejuvenation. You get an email from one of your donors saying something to the effect of, “we don’t give our money so you can go hang out on the beach.” How do you respond? What are the underlying assumptions in this statement? • You sit down with a potential donor and he asks you how much money you are raising. You tell him, “9k monthly.” He responds by saying, “I don’t even make that much money! I don’t feel comfortable paying for you to live at a higher income level than myself.” How do you respond?

  18. Discussion Questions • Must a missionary always live among the indigenous population? Why or why not? • How do you respond to indigenous people who ask you for money? Is your answer the same for both the resident missionary and the short term participant? • An indigenous person likes your camera; do you give it to him? What about your raincoat? If the answer is different, why? What criteria do you use to decide? • You, a resident missionary, are hosting a short term team. As part of the trip, the ST team participates in a panel discussion on American life. A student asks the panel “How many cars do you have?” Between the six people on the panel, there are 12 cars. How do you answer? How do you help the ST team members process the guilt they feel at being relatively affluent?

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