Search
line drawing document and pencil

File a claim

Need to file an insurance claim? We’ll make the process as supportive, simple and swift as possible.
Team

Action Teams

If you want to make an impact in your community but aren't sure where to begin, we're here to help.
Illustration of stairs and arrow pointing upward

Contact support

Can’t find what you’re looking for? Need to discuss a complex question? Let us know—we’re happy to help.
Use the search bar above to find information throughout our website. Or choose a topic you want to learn more about.
Insights & guidance
Magazine
Thrivent Magazine Winter 2021

A culture of generosity

Pastor Jamé Bolds
Photo by David and Tiffany Photography

Victory Church partners with Thrivent to offer financial education

Victory Church in Yorktown, Virginia, is what Pastor Jamé Bolds would call an average, small-town church that has stewarded well the resources God has given them.

And it’s the principle of stewardship that stands out at Victory. Bolds is a visionary and scholar, who since coming to the church in 2013, has encouraged the congregation to step out of the box and find ways to be generous, especially when the church and its preschool, Victory School, were in the red.

Early on, Bolds floated the idea to sell the parsonage, which was paid for but still incurring debt, and create an endowment for the church. By doing so, the congregation reinvested part of the sale proceeds back into the church and started an endowment fund through Thrivent Charitable Impact & Investing™ with the rest.

“People didn’t know what an endowment was, so I explained that it’s like a retirement savings vehicle for the church, which never retires,” says Bolds, a Thrivent client with membership.

As people donated or left money in their wills to the endowment, it grew quickly and enabled the church to pay off its mortgage of more than $1 million and eliminate the debt that was a burden to the church.

“It revolutionized our church,” Bolds says.

More recently, the church decided to offer a $1,000 scholarship for children who begin Victory School in the infant program and graduate from the Pre-K4 program. The Victory Scholar Program requires in its guidelines that the scholarship be deposited into a legitimate college savings plan.

“The family must meet with a Thrivent financial advisor or another licensed financial advisor to guide them through the process,” Bolds says. “We want to make sure the money is used for future educational purposes.

“This is a way we can invest in children’s lives after they leave us. And we can do that because we have an endowment.”

Bolds appreciates the relationship between Thrivent and Victory. Pre-COVID, Thrivent financial advisors held a number of workshops at Victory, and Bolds anticipates doing more.

“Asset management, money management and financial education, really understanding how money works, are the three big topics,” Bolds says. “And we get a great turnout. We’re really building this into the life of the church.”

And the financial clarity that comes from the education enables the congregation to have the culture of generosity it desires.

By Donna Hein

Share
Get more insights like this in your inbox
You have been successfully subscribed to our newsletter.
An error has occurred, please try again.
Thrivent Charitable Impact & Investing™, a separate legal entity from Thrivent, is a public charity that serves individuals, organizations and the community through charitable planning, donor-advised funds and endowments. Thrivent Charitable Impact & Investing works collaboratively with Thrivent and its financial advisors.
4.5.4.4