How Good Are Churches At Making Investment Decisions?
November 10, 2012 in Daily Bulletin
When you donate to the church, is your money invested well? Brian Palmer answered:
- The Church of England’s returns beat the Standard & Poor’s 500 index over the past ten years.
- The Mormon Church uses its money to invest in more than just other businesses. It holds over $1 billion of land in the United States and has stakes in the media and insurance industries. It may well be the Church that most successfully manages its money.
- The Vatican doesn’t reveal detailed financial information, but evidence suggests that its record in recent times is mixed.
- The majority of churches, though, keep their finances a secret. It appears that smaller churches have fared badly in recent times – with some going bankrupt or being foreclosed upon – while the larger ones have done well.
Read more about other churches and the oil executive who was named Archbishop over here.
Source: Slate
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