Establish emergency funds for congregants or community members
Individuals facing economic hardship are particularly susceptible to unforeseen costs (e.g., flooding, fires) as well as to predatory lending practices.
Establish emergency funds to support members and other individuals in your community who are facing acute economic challenges. Ensure that this fund is well-known by leaders in low-income communities.
To get started:
Specify support stipulations such as types of assistance, minimum and maximum award, how cash may be used, and how payments will be made to those in need.
Determine eligibility criteria to help ensure those with the greatest needs receive funds.
Best Practices / Innovative Programs
AGFinancial is a nonprofit headquartered in Springfield, MO that offers guidance on opening a faith community emergency fund.
