Faith Community Financial Support
Support from Your ECMN Finance Team
Representatives of your Trustees and ECMN Council, as your ECMN Treasurer, and Bishop have been in regular communication as the COVID-19 situation has unfolded. We are looking to and caring for the overall financial health of ECMN, of the Pooled Investment Fund, and of the long-term sustainability of faith communities in light of the economic impact of this pandemic. We have already taken actions and will continue to take actions that ensure that ECMN is sustainable for the long term.
In light of all this, we write to you today, specifically, to ask you to reach out. If you are facing financial issues or if you have needs or have questions, please contact us. Your Missioner for Finance, Jennifer Gamberg, is a great place to start: email@example.com or 612-870-3308.
We will walk with each faith community individually, as this situation will impact each one uniquely. Please know that we will do everything we can to support you and your faith communities.
Church Pension Group Resources
The Church Pension Group has various resources and information that can be useful to faith communities as they navigate the financial fallout of the pandemic and try to answer questions about their financial future. Learn more on the CPG website.
CEEP Network Resources
The CEEP Network and The Episcopal Network for Stewardship (TENS) offered a moderated conversation about money, meaning, and ministry for volunteer stewardship teams. Click here to watch the video recording of this webinar.
Payment Protection Program (PPP) Information
PPP Flexibility Act Information
Click here for more information and links to expert resources regarding the PPP Flexibility Act, which changes the original PPP loan program, and seeks to simplify the loan forgiveness process.
The PPP and Faith Communities
In the face of the current pandemic and ensuing economic crisis, many of our faith communities - both Parish and Mission - are doing all that they can to sustain their communities and continue their connectedness: missional, pastoral and financial.
We are all aware of the historic action taken by the federal government to approve and enact the Coronavirus Aid, Relief, and Economic Security Act, (CARES Act) which includes an important source of financing for small businesses and non-profits that provides loan capacity through a qualified lending institution, for which non-profit religious organizations are eligible.
With this in mind, the Bishop, Standing Committee, and the Trustees grant and approve “blanket authority” for parishes and mission faith communities in ECMN to make applications individually for these loans.
As with any Federal support, each faith community will need to make its own application and set up its own processes for seeing to it that the stipulations and requirements of the receipts under the Act will be upheld.
As each application is underwritten and administered only by lending institutions qualified by the Small Business Administration (SBA), we will need to take it on faith that their process will confirm the veracity of the individual compliance and affirmations of each faith community.
We are available to assist faith communities as they walk through this process. If you need assistance, please reach out to your Missioner for Finance, Jennifer Gamberg at firstname.lastname@example.org.