Parish Profile 2020: St. Paul's Episcopal Church, Chestnut Hill

Finance
St. Paul’s is blessed with substantial financial
resources and many generous parishioners but
faces many challenges going forward.
The church’s primary endowment is currently
valued at $4.3 million. St. Paul’s also has a
separate endowment dedicated to music
programs and currently valued at $627,000.
It was evident from the parish survey results
that many parishioners were generally
unaware of our financial challenges and lacked
an understanding about how St. Paul’s finances
are generated and managed. As a result, a
series of Zoom financial education sessions
was held for the parish. The document for
those get-togethers can be accessed on our
website or by visiting
http://bit.ly/stpfinanceinfo.
The primary financial challenges facing
St. Paul’s are declining membership and
increasing reliance on a relatively small
number of generous donors. Nearly twothirds
of the total amount pledged in 2020
was pledged by 20% of all pledging units.
In the future St. Paul’s will need to increase
membership, pledges, and other sources of
income to maintain current ministries and
programs.
Our dream is to align the budget with our
highest ethical and spiritual values.
40