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Episcopal Fund

General Church
The United Methodist Church is feeling the economic impact of the COVID-19 pandemic as businesses have closed their doors and churches have suspended in-person worship, due to the health guidelines. Mask image by panos13121, courtesy of Pixabay; church doors photo by Steven Adair, courtesy of United Methodist Communications; graphic by Laurens Glass, UM News.

Collection rates plunge as COVID-19 rises
Giving to general church ministries plummeted in April as the denomination focused on slowing the disease and supporting local churches.
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
Moses Kumar discusses the denomination’s budget at the 2020 Pre-General Conference Briefing in January in Nashville, Tenn. Kumar, the top executive of the General Council on Finance and Administration, helped lead a Feb. 21 online meeting dealing with the denomination’s financial challenges. File photo by Mike DuBose, UM News.

Looking at financial impact of GC2020 plans
No matter what happens at General Conference, United Methodist leaders predict a loss of funding. That makes planning a budget especially tough.
General Church
Bishop Michael McKee speaks during the United Methodist Council of Bishops meeting in Lake Junaluska, N.C., where the bishops learned that, at the current rate of giving, the bishops will run out of funds in 2024. McKee is president of the denomination’s General Council on Finance and Administration. With him at the podium is Bishop Minerva Carcaño. Photo by Sam Hodges, UM News.

Bishops warned their funding imperiled
Church financial leaders sounded the alarm that if current trends persist, the Episcopal Fund will run out of money in five years.

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