FORMER SBC LEADER PAUL POWELL DIES

Baptist Press

Paul Powell

Paul Powell

TYLER, Texas — Paul Powell, former president of the Southern Baptist Convention’s Annuity Board, died Dec. 28 following a stroke earlier in the month. He was 83.

In addition to leading the Annuity Board (later renamed GuideStone Financial Resources) from 1990-97, Powell pastored Green Acres Baptist Church in Tyler, Texas, 17 years. He became dean of Baylor University’s Truett Theological Seminary in 2001.

GuideStone President O.S. Hawkins, Powell’s immediate successor, called him “a strong advocate for our participants throughout his tenure.”

“He guided the Annuity Board with integrity and skill,” Hawkins said in a statement.

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GUIDESTONE READY FOR BRITAIN’S EXIT FROM E. UNION

Baptist Press

160629brexitLONDON — Though the United Kingdom’s vote June 23 to leave the European Union took many political observers by surprise, leaders at GuideStone Financial Resources and the Southern Baptist Foundation say they’ve had the referendum in view for months and have taken steps to protect Southern Baptist investors from the resultant market volatility.

Meanwhile, Christian commentators on both sides of the Atlantic have weighed in on the “Brexit” — as Britain’s E.U. exit has been dubbed — with opinions divided and calls for believers to help bring unity to the U.K. [Read more…]

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HELP SOUGHT TO COMPLETE COMPENSATION STUDY

GuideStone News Office

160201Compensation-SurveyDALLAS — GuideStone Financial Resources, along with LifeWay Research and Baptist state conventions, including the Tennessee Baptist Convention, has opened the biennial SBC Church Compensation Survey in 2016.

Ministers and church employees are invited to participate in the survey, a resource used by churches of all sizes to determine fair wages and benefits. Survey participants will have the opportunity to enter for a chance to win an iPad®. The survey and complete contest rules are available at GuideStone.org/CompensationSurvey.

The survey’s results will be made available in the early fall, in time for many churches considering their 2017 budgets. The survey is the largest free church compensation study conducted in the United States. The most recent survey results, conducted in 2014, have been visited almost 55,000 times.

“GuideStone works tirelessly to be an advocate for pastors and church staff, ensuring that they are compensated fairly,” said O.S. Hawkins, president of GuideStone Financial Resources.

“The surveys can help churches benchmark their own salary and benefits packages against churches of like size within Southern Baptist life,” he added.

Gary Rickman, ministry coordinator for the TBC, observed that the study can be invaluable for churches as they consider compensation packages for pastors and other staff members.

For the survey to be most effective, however, churches of all sizes need to complete the survey, he urged.

“If churches will spend just a little time to complete this survey, they will have a valuable resource to use when it comes time to determine their own compensation packages,” Rickman said.

Contact GuideStone Financial Resources with any questions or issues. Call toll-free at 1-888-984-8433 Monday–Friday between 7 a.m. and 6 p.m. CST to speak with a customer relations specialist.

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FOCUS ON LONG-TERM MARKET GOALS

By Roy Hayhurst
GuideStone Financial Resources News Office

Photo -Richard Drew/AP, Creative Commons

Photo -Richard Drew/AP, Creative Commons

DALLAS — After a volatile start to the first week of trading in the 2016 calendar year, some investors are understandably concerned about their portfolios, but long-term investors should continue to consider their objectives and time horizons.

David S. Spika, global investment strategist at GuideStone Capital Management, LLC, offered perspective on the cur-rent market, noting 2016 likely will be a volatile year. Last year, after a bout of volatility, Spika was featured in a commentary posted on GuideStone’s website (GuideStone.org/VolatilityVideo), explaining the nature of the stock price swings at the time, as well as offering perspective on the market. In reflecting on the current market news, he said the volatility experienced in the second half of 2015 will likely persist for the foreseeable future and is not abnormal in the later stages of an economic cycle such as today’s. [Read more…]

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Pastor’s Insurance May Be Taxable Income

By Richard Skidmore
Financial Support Specialist, TBC

Richard Skidmore

Richard Skidmore

It is quite possible that beginning this past January your pastor or other church staff member began being taxed on their health insurance premium.

It will be the church’s responsibility to report the amount of the premium as taxable income as part of the salary paid to this person.

How can the Affordable Care Act that had as its centerpiece making health insurance more accessible and more affordable have this result? That is a question that seems hard to fathom but it’s a reality churches and ministers must face. [Read more…]

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