A bit of literature: L ' Institute for Works of Religion
(IOR ) aims "
to have custody and administration of property and assets transferred or entrusted to the same IOR by natural or legal persons and are intended for works of religion and charity "
The IOR consists of 130 employees, a fortune estimated (in 2008) of EUR 5 billion
, 44 000 current accounts (reserved Vatican officials, church and a small number of individual customers). Are the major foreign investment, mainly in government bonds or
The average annual interest ranging from 4 to 12%
. As there is no
taxes within the State of the Vatican, it's net returns.
A link: To know everything about
8xmille
's initiative: We are planning something very special in the near future there will be a list of participating ...
BLUGGOLO blog in the banana
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