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The American Council on Gift Annuities (ACGA) recently announced that the suggested maximum payout rates will increase for new charitable gift annuity contracts issued beginning January 1,2023. The payout rates of contracts already in place or of new annuity contracts issued prior to January 1st are unchanged. The maximum annuity payout rates will be higher…

Capitalism works because it encourages and rewards those who successfully take risks, adapt to change, and develop profitable opportunities. – Henry Blodget The story of the third quarter may be told in terms of tweets and monetary policy. Donald Trump continued his tweeting barrage, but his tweets related to the trade war with China and…

People’s spending habits depend more on how wealthy they feel than with the actual amount of their current income. – A.C. Pigou (English economist, The Theory of Unemployment) Equities rebounded in the third quarter, but despite the improvement in U.S. equities, a strengthening dollar and continued tightening by the Federal Reserve proved challenging for other…

Then you ought to have invested my money… I should have received what was my own with interest. -Matthew 25:27 As an investment consultant for Christian nonprofits, Cornerstone Management often encounters organizations with a conservative philosophy toward investing. We believe that approach can be wise stewardship, particularly when we consider that the funds entrusted to…