The COVID-19 pandemic has hit church finances from a number of directions at once. Restrictions on public gatherings have meant an end—for now, at least—to traditional collection-plate offerings. Falling stock markets have cut the investment income of both parishes and other levels of church organization, and of parishioners themselves; their reduced investment income, combined with a dramatic spike in unemployment, has eaten into the ability of many parishioners to give. Meanwhile, many parishes have also lost rental income with the shutdown of businesses and other groups that use their space.
In response, some dioceses have taken steps intended to help struggling parishes. The following is a sampling of measures of which the Journal was aware as of press time.
Nova Scotia and Prince Edward Island
An aid package estimated at $1.3 million, including:
- The waiving of parish allotment payments for March, April and May
- Payment by the diocese of all payroll costs of all stipendiary clergy in April and May. (Parishes that have $500,000 or more in the Diocesan Consolidated Trust or other investments will be required to repay the diocese)
- Authorizing the management team and two members of diocesan council to make decisions regarding requests from parishes whose needs are not addressed by the above measures
- This authority is to end Sept. 1, 2020, unless another date is determined by the diocesan council
New Westminster
A roughly $2-million aid package including:
- Suspension of assessment payments from April 1-Aug. 31 for all parishes
- Payment by the diocese of the salaries of all stipendiary clergy through to the end of May (excepting parishes with more than $750,000 in the Diocesan Consolidated Trust Fund or other investment funds)
- Allowing parishes to withdraw up to 20% of their capital in the diocese’s Consolidated Trust Fund to pay their operational expenses
Central Newfoundland
- A “time of jubilee,” allowing parishes to skip remit assessments to the diocese in April, May and June
- The diocese was planning a time of jubilee prior to COVID-19
The jubilee period also focuses on foundational ideas from the Book of Acts and includes prayer, visioning and parish engagement
Eastern Newfoundland and Labrador
- Offering a direct payment subsidy for employees of the diocese for the four months following April 1
- Allowing parishes to make emergency withdrawals from the diocese’s Anglican Joint Investment Trust
Toronto
An estimated $3.6-million aid package with:
- A “time of jubilee” for parishes through April and May, in which they will not be required to pay allotments to the diocese, or pay clergy stipends, housing and other benefits
Niagara
- Making parish contributions towards diocesan mission and ministry assessments voluntary as long as worship services in the diocese are suspended
- Offering interest-free loans of up to $10,000 to parishes
- Waiving interest charges to parishes on outstanding accounts (payroll, insurance or assessment costs) and old debts
- Creation of a new fund to help parishes facing severe financial difficulties