COVID RESPONSE
Southeastern Synod ELCA

Resourceful Servants - Matching Funds for savings for Rostered Ministers

October 6, 2020


Survey says…..Resourceful Servants is for you!

Recent research has shown:
  • Roughly 3 out of every 4 American adults regularly worries about their financial health (National Foundation for Credit Counseling).
  • Nearly 80 percent of Americans regularly live paycheck to paycheck (CareerBuilder), and
  • Approximately 1/3 of Americans have no retirement savings whatsoever (Etrade)
Sound familiar? If so, Resourceful Servants is for you! Yes. Really. This is for YOU, our rostered minister! Through Resourceful Servants, the ELCA will match your dedicated emergency or retirement savings.
 
Wait… that’s like free money. Yes! Check it out https://resourcefulservants.org/  
Deadline is October 15!
 
Contributions to a dedicated emergency savings account with the ELCA Federal Credit Union are matched dollar for dollar up to $50 per month, for a period of up to two years. At the end of two years, recipients’ emergency savings accounts will contain up to $2,400 ($1,200 in individual contributions and $1,200 in matching contributions). Matching funding is provided through generous donations from the Lilly Endowment, Inc., and the ELCA Mission Investment Fund.
 
“When I think of accumulating $1,000 or $2,000 for something ‘nonessential’, it seems daunting. Resourceful Servants has broken down the task into manageable amounts of just $50 per month.”
 
Recipients’ increased individual contributions of $600 to their ELCA retirement plan accounts with Portico are matched dollar for dollar, for a period of one-year. For the average ELCA rostered minister, the estimated value of this total investment at retirement is over $4,000. Matching funding is provided through generous donations from the Lilly Endowment, Inc., and the employees and trustees of Portico Benefit Services.
 
“I see this as being able to practice what I preach. One trusting in God to provide for your needs even when all you see is a financial struggle. Also, that as a good financial steward, I can teach good financial stewardship for others who find themselves in difficult waters.”
 
Yes. This program is for you.