The COMPASS Journey is designed to empower transparent and safe conversations between the pastor & spouse and lay leaders concerning the financial needs and challenges of the pastor and the local church.
After acceptance into the COMPASS Journey, the pastor will form a “COMPASS Team” consisting of the pastor & spouse and two lay leaders to engage in these conversations and develop a COMPASS Journey Plan to address these issues.
The COMPASS Initiative has developed a two-prong approach to address these challenges.
First, the Financial Literacy, Management and Well-Being program seeks to educate and equip our ministers and lay leaders in issues of personal finance, church finance, retirement, pastoral compensation, and communication regarding finances. This will be done through the COMPASS Journey, an individualized yearlong process of assistance, education and supportive accountability. Some of those who qualify for the COMPASS Journey will also be invited to participate in a COMPASS True North Retreat, an intensive weekend for the pastor and spouse to receive extensive training, intervention, and financial planning. Any minister or lay leader (regardless of whether or not they are participants in the COMPASS Journey) will have access to the COMPASS Academy, an organized collection of resources for excellent biblical financial management and stewardship located on The COMPASS Initiative website.
The second prong of The COMPASS Initiative is the establishment of a Ministerial Excellence Fund. This fund provides financial grants to senior pastors and full-time associates with at least a district license, serving in a U.S. Church of the Nazarene, who meet certain qualifications, and are accepted into the COMPASS Journey.
The Ministerial Excellence Fund will offer three programs: Student Debt Relief, Personal Debt Relief, and Retirement Readiness. The grants awarded in these three areas will be matched by the minister’s local church and disbursed upon the minister’s completion of the COMPASS Journey.
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