Our church has a $1.5 million bequest earning 3.75% in a bank account. Is inflation eroding it?
Summary
A church recently received a substantial financial contribution totaling one and a half million dollars from a member of its congregation. Leaders are currently evaluating whether a return of 3.75 percent is sufficient for such a significant donation. They intend to handle the large, long-term asset with careful financial management.
“Given the size and long-term nature of this gift, we want to make sure the funds are managed prudently.”
Source: Read the full story at MarketWatch.com - Top Stories
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