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Journal of Finance and Accountancy Developing sound long -term, page 1 Developing sound long -term portfolio strategy for churches and other religious organizations Murray S. Anthony East Tennessee State University Gary D. Burkette East Tennessee State University Shelby G. Sparks Viking Machinery Company ABSTRACT churches and other religious organizations receive substantial sums of financial support from regular cash gifts and contributions. Much of this support arrives free of donor-imposed restrictions and funds day-to-day operations. However, these organizations typically receive substantial sums of donor-restricted support to fund special projects and activities, such as building construction, benevolence and missions programs.
Journal of Finance and Accountancy Developing sound long-term, page 1 Developing sound long-term portfolio strategy for churches and other religious organizations
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