Cash, Assets, and Discernment: A Stewardship Reflection for Uncertain Times

I’ve been thinking a lot lately about risk. Not the kind that makes headlines, but the quiet kind—the kind that sits in our parish finance meetings, in our donor conversations, in the hearts of those entrusted with stewarding the Church’s resources. 

When markets feel volatile, when inflation creeps in, when interest rates shift and headlines swirl, it’s tempting to retreat to what feels safe: cash. Cash is tangible. It’s accessible. It doesn’t fluctuate on a ticker. But is it always the wisest choice? 

What Does It Mean to “Hold Cash”? 

Holding cash—whether in a checking account, savings account, or a CD—is often seen as a way to protect against risk. And in some cases, it’s absolutely prudent. Parishes need liquidity for payroll, maintenance, and ministry. Schools need reserves for tuition gaps and emergencies. Cemeteries need lawn care and snow removal. 

But cash also has a hidden cost: inflation. When prices rise and interest rates fall, the purchasing power of cash erodes. What bought 100 loaves of bread last year might only buy 90 this year. Over time, that erosion can quietly undermine our mission. 

What About Assets? 

Assets—like equities, bonds, or real estate—carry risk, yes. But they also carry potential. Historically, diversified investments have outpaced inflation and grown in value. For Catholic organizations with long-term missions, investing can be a way to multiply resources for future ministry. 

It’s not about chasing returns. It’s about aligning our financial strategy with our spiritual mission. As Jesus taught in the parable of the talents (Matthew 25:14–30), stewardship involves discernment, courage, and trust. The servant who buried his talent out of fear was not praised. The ones who invested and multiplied were. 

Discernment in Practice 

So how do we decide? Here are a few questions I invite Catholic leaders to consider: 

• What portion of our funds must remain liquid for short-term needs? 

• What portion could be invested to grow our mission over time? 

• Are we holding cash out of prudence—or out of fear? 

• Have we sought counsel from trusted financial advisors who understand Catholic values? 

• Are we praying through these decisions, inviting the Holy Spirit into our financial stewardship? 

A Local Option for Faithful Investment 

At the Catholic Foundation of Southern Minnesota, we offer a way to invest that aligns with Catholic social teaching and supports our local Church: 

• Over $45 million in funds under management 

• No withdrawal fees and full access to your funds 

• Advised by Concord Advisory, a top-tier fiduciary institution 

• Our operating budget is used to pour back into Southern Minnesota, supporting parishes, schools, and ministries across our diocese 

Whether you’re a parish finance council, a school board, or a donor discerning your legacy, we’re here to walk with you. 

A Final Word from Scripture 

“For where your treasure is, there your heart will be also.” — Matthew 6:21 

In times of uncertainty, may we be guided not by fear, but by faith. Not by headlines, but by hope. And not by short-term comfort, but by long-term mission. 

If you’d like help discerning your organization’s financial strategy, I’d be honored to connect. Let’s steward wisely—together. Reach out any time - ewilliams@catholicfsmn.org or 507-218-4098.