THE FINANCIAL WELLNESS INITIATIVE
Relief Grants • Education Experiences • Wellness Incentives
WHAT IS THE FINANCIAL WELLNESS INITIATIVE?
The Financial Wellness Initiative will build upon the success and learnings of The Ministerial Excellence Initiative by offering ministers the opportunity to receive financial relief grants, financial education experiences, financial planning services, and financial wellness packages.
FINANCIAL RELIEF GRANTS
Grants will be available to help pastors address immediate financial needs related to medical debt, credit card debt, educational loan assistance, or other financial concerns.
FINANCIAL EDUCATION EXPERIENCES
Ministers and their spouses may receive a travel stipend to a CBF Church Benefits Board educational event on topics such as preparing for retirement, clergy taxes, debt reduction, cultivating generous congregations and more.
FINANCIAL PLANNING INCENTIVES
Ministers may receive additional funding towards their retirement account with CBF Church Benefits Board (CBB) when they develop a financial plan through Empower Retirement.
For ordained participants:
When you complete your financial plan, CBB will add $500 to your retirement account!
FINANCIAL WELLNESS PACKAGES
Congregations seeking a new minister may request a financial wellness package from CBB to assist them attract and retain new ministerial leadership. CBB will provide funding such as:
- Debt relief for the new minister
- CBB retirement account for the new minister