Rainy-Day-and Umbrella-over-Family

Greetings from the CIF offices—mine’s currently in my basement—during these unprecedented days. I hope that this e-mail finds you safe and well.

Over the last several weeks with the pandemic in our midst, we’ve been having lots of conversations with investors and the churches and ministries we work with. Those conversations have been sprinkled liberally with concern and sometimes with anxiety and even fear.

Questions like the following have been common: Will we need help? Will our income decline? How much and for now long? Will our cash reserves last? Can you help us and if so, how? And so on ….

CIF is healthy, and we believe we are well positioned for what we can presently see in our environment. Likewise, many of the investors and churches we work with are well positioned for what they can presently see. Many churches have seen their income, after dropping for a couple of weeks, rebound to at or nearly at their regularly expected budget. That’s remarkable and encouraging!

Another reason many of the churches and ministries we work with are well positioned is that they have healthy reserves—cash set aside for rainy days and unforeseen emergencies.

During uncertain and challenging times, these funds can be used to offset declines in income or to fund added ministry needs. And for most, these funds allow them to continue to minister without draconian changes to budgets and staffing—to weather the storm, so to speak. These folks are thankful for the work that has been done in days past to prepare for unforeseen circumstances in current days.

And while many have reasonable reserve funds, some do not—and they are faced with very difficult resource allocation decisions at the most difficult of times.

What’s your situation?

I want to encourage everyone reading this to ask that question. If you have an adequate reserve, be thankful for the wisdom and preparation done before now to allow that to happen.

And if you don’t, make a commitment to establish one once this crisis is past so that you aren’t faced with the stress and difficulties that financial shortfalls can cause.

There’s an old proverb that says, “The best time to plant a tree is 20 years ago. The next best time is now.”

That’s certainly the case for savings, reserves, and rainy day funds. If you’d like to talk about your situation and see how CIF might be able to help you, please let us know. We would be delighted at the opportunity to be of service.

P.S. Many of you will have already been notified that Scott Achterling has been appointed as the next president of CIF, effective June 1, 2020. I’m excited for CIF, for Scott’s leadership, and that I get to stay on at CIF in a new role that I am excited about. For more information on the transition, visit our presidential transition page. And be looking for these monthly newsletters to begin coming under Scott’s signature in the months ahead.

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