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Business

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

Katherine Langford
Katherine Langford
Katherine Langford
Editor-in-Chief · Edina, MN

Katherine oversees editorial operations across all six brands. Before joining The Meridan Group, she spent 14 years at the Minneapolis Star Tribune, where she led the metro desk through its digital transformation. She holds a Master's in Journalism from Northwestern's Medill School.

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Editor-in-Chief · Friday, October 30, 2026 at 12:05 AM · 1 min read
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Our church has a $1.5 million bequest earning 3.75% in a bank account. Is inflation eroding it? — Sydney Business news

“Given the size and long-term nature of this gift, we want to make sure the funds are managed prudently.”

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