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And there is merit to not spending the majority of incoming donations immediately. The church is very conservative and follows the same advice it gives of livin
by beatgammit 7y ago
And there is merit to not spending the majority of incoming donations immediately. The church is very conservative and follows the same advice it gives of living within your means and saving for a rainy day.
Yes, the church invests excess funds, and it does so to secure it's ability to continue its current outlay long term. There were times in the church's history where it was in need of money, and it does not want to ever go through that again.
Other charitable organizations also invest excess funds for similar reasons. The church additionally believes in a breakdown of society before Christ comes at the end of the world, so doesn't it make sense for that same organization to diversify their assets?
Personality, I wish the church was more open with how donations are used, and honestly I think churches should be required to be transparent in how funds are used, just like other classes of tax exempt organizations. However, that doesn't mean that slamming an organization over mere speculation makes sense. There may be a story there, there may not, but we won't know without more information.