Lilly Endowment – Clergy Economic Initiative
“FLOURISH!” That is our desire for every clergy person serving the Christian Church in Indiana. Yet financial challenges often limit our ability to do so. A generous grant from the Lilly Endowment has charged us with alleviating some of the economic challenges that clergy and congregations face. In 2019, we entered a sustainability phase of this program and with plans to again award grants to clergy for Financial Relief and to congregations for Compensation Support.
This second phase grant allows us to provide direct monetary assistance to up to 36 clergy with standing held by the Christian Church in Indiana. The Financial Relief Grant has been created to provide direct assistance to clergy for debt relief, retirement planning, or healthcare. Twenty-four Financial Relief Grants have already been with 12 awarded in 2019 and another 12 in 2020. We offered Compensation Support Grants to up to 10 congregations in 2019 and 2020. The goal of the Compensation Support Grant is to bolster a congregation’s ability to increase the compensation base of their Senior minister or other pastors, while gaining the knowledge and confidence to increase their capacity to grow their own financial base. A total of two congregations applied for and were granted Compensation Support Grants.
In addition to financial grants, the FLOURISH! Program enables the Christian Church in Indiana, in collaboration with the Pension Fund, to offer Financial Literacy Academies available to all clergy with standing and to clergy spouses and congregational leaders. By attending succeeding sessions of the academy, clergy will be educated in various aspects of personal and congregational finances. Pastors are also required to meet with peer groups with discussions on finance and stewardship and to meet at least once with a Financial Advisor. Through FLOURISH! 2.0, we continue to empower all Indiana clergy to live a life of financial peace.
To learn more about the FLOURISH! Program:See FLOURISH! Project
To donate to FLOURISH!:
(Online gifts are processed through a third party site managed by Suran Systems.)
Interested in attending the Financial Literacy Academy?
Financial Literacy Academies are held Friday and Saturday of the first weekend in May and Friday and Saturday of the second weekend in October. Registration for the next Financial Literacy Academy can be found here:See Financial Literacy Academy