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