WHAT IS THE FINANCIAL WELLNESS INITIATIVE?

The Financial Wellness Initiative (FWI) is a set of entrepreneurial resources for ministers to transform their personal and family’s financial health to be better equipped to serve their congregations and communities.

Financial Wellness Initiative financial education experiences

FINANCIAL WELLNESS EDUCATION EXPERIENCES

Financial Wellness Education Experiences are open to all Church Benefits Board participants and their spouses. Space is limited.

Church Benefits Board’s Financial Wellness Education Experiences are designed especially for clergy and their spouses (if applicable). These educational events will include an exploration of what it means to retire well, dialogue with financial wellness experts, peer-to-peer learning, practical tools to build your financial plan, and some free time together. Church Benefits Board provides complimentary lodging and meals during the event for clergy and their spouses.

Upcoming financial wellness EDUCATION experiences:

In addition to what’s listed, more Financial Wellness Education Experiences are coming! Check back for future dates!

Williamsburg, VA

September 15-16, 2024

Financial Wellness Initiative financial planning incentives

FINANCIAL PLANNING INCENTIVES

Church Benefits Board (CBB) participants can meet with one of Empower’s CFP® professionals to build a comprehensive financial plan, free-of-charge.

New for ALL CBB participants: Now until December 31, 2024, when you complete your financial plan with Empower, CBB will add $500* to your retirement account. CBB is providing this financial planning incentive through generous grant support. Our goal is to encourage all of our participants to improve their financial well-being by building a financial plan.

*This incentive is available while funds last, so don’t delay. Schedule your financial planning appointment today.

What’s your plan? To learn more about the financial planning process, visit churchbenefits.org/financialplanning.

FIRST CALL GRANTS

Are you a soon-to-be or recent seminary graduate about to serve your first church? Are you changing careers and about to serve your first church? If either of these scenarios describe your stage of ministry, then you may be an excellent candidate for a First Call Grant.

The First Call Grant assists those in the first-call stage of ministry with a $500 grant to start a 403(b)(9) retirement account with Church Benefits Board (CBB). After you are enrolled in the CBB retirement plan by your first-call church, CBB will add an initial $500 employer contribution from the Financial Wellness Initiative grant to your retirement account as a full-time, first-call minister. If you have questions about the grant or your eligibility, please contact Jim Morrison at jmorrison@cbf.net.

Financial Wellness Initiative Relief Grants

RELIEF GRANTS

Grants will be available to help pastors address immediate financial needs related to medical debt, credit card debt, or other financial concerns.

Empower Student Loan Solutions (link)

Director of Financial Wellness

Director of Financial Wellness Initiative Church Benefits Board

JIM MORRISON

jmorrison@cbf.net

770.220.1621

Minister’s Compensation Guide

Resources Minister's Compensation Guide

Develop a comprehensive compensation and benefits plan that meets the needs of the congregation and the minister with Church Benefits Board’s  Minister’s Compensation Guide.