Some investors at Our Redeemer Lutheran Church, Montgomery, Ala., are learning about the importance of tithing--and about how the financial world operates. The Tithers Investment Partnership, which started eight years ago, gives 10 percent of its profits to the church.
"The idea is to create an atmosphere for tithing," said Bill Scott, a member of Our Redeemer who is the club's president. Members buy into the common fund and together make decisions on buying and selling.
The group recently reported assets worth $50,000, of which $20,000 was profit, Scott said. That means Our Redeemer stands to gain $2,000 from the group's efforts.
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