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It depends on the Church. First find out the operating budget of the church. Second find out who manages the money. For instance, our church's operating budget is several million, with over 600k in cash. However, the diocese manages all the accounts so it's not a targetable account. You'd be surprised at the amount of money some of these churches have.
Don’t
Don’t. Unlimited downside for you. No upside.
Bad idea. You need to go thru compliance to get pre approval etc.
I manage money for a church I am not part of. They have advisors in the church but wanted someone who is independent from them.
Sorry if you don’t heed these warnings, you’re a ....
I have two churches accounts. Both are ultra conservative, just like endowments. Cd ladders, fixed, and a small index annuity. Doesnt really pay, but i do it out of kindness. 0 risk with those accounts
Do not offer to manage the money. If you make money on the account it is an obvious conflict of interest.
Don't. Just Don't. Jesus threw the money changers out of the church. There is NO upside on mixing your faith base with the stock market. It will go sour with the first market correction
I wouldn’t “invest” for my church for all the reasons above, but they’ve got 350k in building funds that won’t be used for at least 6 months and it’s been earning 0.1% in the bank. We’re going to do 3 month CDs at 1.55% and make them a few thousand. Won’t pay almost anything, but I’m happy to help for a good cause.
LUBAX is the fund i use (i forgot to mention). Alternative to mmk. No load and yielding 1.51 with the ability to liquidate at any point. If they have liquidity concerns
As a volunteer? Or would you be charging an advisory fee?