Posts in Resources
Credit union offers valuable financial resources for ministries

The ELCA Federal Credit Union now offers a corporate credit card program and a small-loan program specifically suited to the unique needs of ELCA ministries. The ELCA Federal Credit Union World Mastercard for Ministry is a cost-effective alternative to standard corporate credit card programs. For ELCA congregations and related ministries looking to fund small projects or make purchases, the credit union extends loans of up to $50,000 at favorable rates.

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2020 IRS mileage allowance

The Internal Revenue Service has issued the 2020 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business and charitable, medical or moving purposes. Beginning Jan. 1, the business mileage rate decreased one-half cent for business travel and 3 cents for medical and certain moving expenses from 2019. The charitable rate is set by statute and remains unchanged.

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2/1/2020 Prayer: Black History Month

Give thanks for the gifts, accomplishments, influence and witness of our African descent neighbors and siblings in Christ — we stand together to glorify God as partners in the gospel, doing God’s work in the world together. Though we are unified as siblings in Christ, we ask God to guide and help our church as it recommits to the work of racial justice, socioeconomic equity, racial reconciliation and ending racism.

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Tax reporting can be complicated

Portico offers the set of annually updated Richard R. Hammar tax guides at no cost to pastors or congregations participating in the ELCA benefit program. Federal Reporting Requirements for Churches helps congregations understand federal reporting requirements. The Clergy Tax Return Preparation Guide gives special attention to tax-related topics relevant to ministers. EmployerLink: updated versions available. myPortico: updated versions available.

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