Quote:
Originally Posted by Pastor Poster
Ferd, define endowment please.
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Like colleges do. you put money in a fund and use the intrest gained. all new money goes into the fund thus year by year the amount you can use grows as well.
you can invest the funds in many different ways from real estate to Tbills. The arguement against it is it turns the church into a business. but we are competing with everyone else and they have hospitals and universities (real ones)
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