Fortune 500 CFOs understand the importance of diversified liquidity management, ensuring that no financial asset is overly concentrated or at risk. Church leadership should adopt a similar mindset. Donations, large gifts, and other funding are critical to maintaining your mission of serving the community. At Ampersand, we believe church leaders deserve every strategic advantage to optimize that impact. That's why we've developed unique solutions designed to treat your deposits like the mission-critical liquidity they are.
The first step to managing your church’s finances like a Fortune 500 leader is focusing on safety. It’s essential to remember that deposits are only insured up to $250,000 per depositor, per insured financial institution, per ownership type. For more information on deposit insurance, you can explore the FDIC’s FAQ. To give church leaders greater security, Ampersand partners with trusted financial institutions to offer access to deposit protection. Successful businesses safeguard their capital at all times, and with Ampersand, your deposits are distributed across fully vetted banks, so your funds are protected and available when needed.
Next, church leaders should consider community impact when shaping financial strategies. Just as many business leaders recognize that aligning with community values is essential for long-term success, churches should ensure that their deposit management strategy reflects the values of their congregations.
One tangible way to support your community is by placing your deposits with community banks. Deposits are the lifeblood of these institutions, fueling job creation, business growth, and overall economic development. As a vital part of the community, churches can make a positive impact simply by keeping their deposits with community banks, allowing those funds to work toward your mission while they rest securely in the bank. Finally, it’s critical for church CFOs and finance managers to secure the best possible interest rate on deposit accounts. A higher interest rate means more funds for your church’s mission—whether it's expanding your services, investing in new programs, or increasing outreach efforts. For market leading rates, consider working with a partner like Ampersand. We can help you with access to partner financial institutions who can provide not only safety, but can optimize earnings and community impact.
Learn how Ampersand can help you create a deposit management strategy. Contact Ampersand to get started.
