LDS Church kept the lid on its $100B fund for fear tithing receipts would fall, account boss tells Wall Street Journal
www.sltrib.com
Latter-day Saint officials kept the size of the church’s $100 billion investment reserves secret for fear that public knowledge of the fund’s wealth might discourage members from paying tithing, according to the top executive who oversees the account.

They are required to talk about anything over $100 million but they “didn’t want people to be discouraged about tithing to them.”

I was looking up if they owned any Pepsi stock still and apparently if they do, they’re not talking about that either.

  • alienanimals@lemmy.worldEnglish
    95·
    2 years ago

    The Mormon church regularly influences politics and doesn’t pay a single penny to taxes. END TAX EXEMPTION FOR CHURCHES.

    • Astroturfed@lemmy.worldEnglish
      161·
      2 years ago

      Hey, just cuz they basically own a state and send their kids who aren’t brainwashed zealots to camps where they force them to do manual labor and abuse them doesn’t mean they should pay taxes. Think about how much harder it will be for them to pay out any lawsuits for the rampant sexual abuse they throw members out for reporting. Think of the pastors and l church leaders. Don’t they deserve to live like kings and assault whoever they want to?

      I can stick my hand through a curtain and do the secret handshake into heaven. I am the chosen. If you drink caffeine strait to hell sinners.

    • PeleSpirit@lemmy.worldOPEnglish
      15·
      2 years ago

      I agree, if you’re putting money into the market, then that money should be taxed before it goes in.

  • MrJameGumb@lemmy.worldEnglish
    412·
    2 years ago

    You mean a church that was founded on a science fiction story created by a conman is hiding money??? 😲😲😲

    Who would have ever thought such a thing possible???

    • PeleSpirit@lemmy.worldOPEnglish
      151·
      2 years ago

      Are you referring to the golden plates or are you confusing this one with Scientology? Either way, we’re not sure if they’re hiding money anymore, lol.

      • MrJameGumb@lemmy.worldEnglish
        20·
        2 years ago

        Not just golden plates! There were plates, an enchanted seeing stone, and a magical hat too! 🎩🪄

    • PeleSpirit@lemmy.worldOPEnglish
      4·
      2 years ago

      It’s just like anything else, a lot of them do have money, especially in the Salt Lake City area. But I’m sure there are a lot that don’t as well.

    • PeleSpirit@lemmy.worldOPEnglish
      2·
      2 years ago

      I don’t watch that, were they nervously defending themselves or confident in their choices?

      • Hello_there@kbin.social
        2·
        2 years ago

        A whistleblower was like wtf, why is this so much. Aren’t we supposed to be doing charity work with it ir something?
        Also there was some self dealing real estate deals with others associated with the church

  • mysoulishome@lemmy.worldEnglish
    4·
    2 years ago

    This was put on display with the campaign to pass proposition 8 in California in the 2000’s which outlawed gay marriage. It was a conservative brainchild but Mormons were largely behind its promotion and success. It was made public what businesses donated to the campaign to support it, those businesses were boycotted for many years after… I remember seeing my Mormon chiropractor on this list and learned that the church called on all members to personally/financially support the passing. How that happened in such a heavily liberal state is a testament to their power.

    Thankfully (ironically?) prop 8 later became instrumental in legalizing gay marriage when it was taken to the Supreme Court. If you don’t know the story I highly recommend learning about it. There are plays and movies about it that are very moving and entertaining.