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Our church has a $1.5 million bequest earning 3.75% in a bank account. Is inflation eroding it?

https://www.marketwatch.com/story/there-may-be-better-investment-options-my-church-received-1-5-million-from-a-parishioner-is-3-75-interest-enough-5164d790?mod=mw_rss_topstories
“Given the size and long-term nature of this gift, we want to make sure the funds are managed prudently.”…

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