Rejuvenate: A New Outlook on Money is a four-year Indiana Conference-wide project that was launched on July 1, 2009. The project is made possible through a matching grant from Lilly Endowment Inc.
Focused on education and increased communication, Rejuvenate assists Indiana United Methodist clergy, clergy families, congregations and individuals in the areas of financial management and planning and stewardship education. The financial management and planning components include but are not limited to budget planning, estate planning, life cycle or life stage financial planning and reduction or retirement of debt.
In addition, Rejuvenate provides four matching grant initiatives to financially benefit clergy. The four matching grant initiatives are: Clergy Education Debt Reduction, Retirement Fund Incentives, Funding for Emergencies, and the Called Anew Fund.
- The Clergy Education Debt Reduction Initiative supports clergy to reduce or retire educational debt.
- The Retirement Fund Incentives help clergy learn more about their contribution to the United Methodist Personal Investment Plan (UMPIP) and receive a grant to make a first- time-ever personal contribution to the United Methodist Pension Investment Plan.
- The Funding for Emergencies Initiative assists clergy to develop an emergency relief fund for their family. Clergy can receive a grant to establish this fund and other financial assistance to handle specific family emergencies.
- The Called Anew Fund supports clergy under appointment to receive financial assistance as they transition out of parish ministry.
The matching grant funds can be matched through voluntary congregation contributions, registration fees for educational events, and individual donors.
How did the Indiana Conference receive this funding support? The Indiana Area of The United Methodist Church is one of 16 judicatories in Indiana that received a grant from Lilly Endowment Inc. Bishop Mike Coyner and the writing team, led by the Bishop’s Executive Assistant the Rev. David V.W. Owen, responded to Lilly Endowment’s request for judicatories to submit proposals that would focus on “Economic Challenges Facing Indiana Pastors.”
Coyner’s acceptance of such a request communicates his commitment to the care and equipping of the Indiana United Methodist clergy and congregations.