We Preach Tithing

Finances

From an article published in the Deseret News, April 16, 2018: 1

“They received a message tailored for eastern Africa, where many tribes continue to insist that grooms or their families provide a dowry or pay a price for a bride.

“That’s not the Lord’s way,” President Russell M. Nelson told about 2,000 Kenyans and other Africans Monday night inside a large, oval, wooden event center styled after traditional huts in Nairobi, Kenya. “The Lord’s way is to be married in the temple, for time and all eternity, with your children sealed to you.”

He added that if he’d had to pay for his wife, “I would have missed five children, because only with my last five was I out of debt.”

They received a message tailored for eastern Africa, where many tribes continue to insist that grooms or their families provide a dowry or pay a price for a bride.

“That’s not the Lord’s way,” President Russell M. Nelson told about 2,000 Kenyans and other Africans Monday night inside a large, oval, wooden event center styled after traditional huts in Nairobi, Kenya. “The Lord’s way is to be married in the temple, for time and all eternity, with your children sealed to you.”

He added that if he’d had to pay for his wife, “I would have missed five children, because only with my last five was I out of debt.”
President Nelson also said tithing can break cycles of poverty in poor nations and families.

We preach tithing to the poor people of the world because the poor people of the world have had cycles of poverty, generation after generation,” he said. “That same poverty continues from one generation to another, until people pay their tithing.”

The law of the tithe was followed by ancient peoples as taught by Old Testament prophets. LDS faithful believe God restored the law and its blessings for those who follow it by giving one-tenth of their income to the church.”

From a 2012 article published in Bloomberg, ‘How The Mormons Make Money’: 2

“According to U.S. law, religions have no obligation to open their books to the public, and the LDS Church officially stopped reporting any finances in the early 1960s. In 1997 an investigation by Time used cross-religious comparisons and internal information to estimate the church’s total value at $30 billion. The magazine also produced an estimate that $5 billion worth of tithing flows into the church annually, and that it owned at least $6 billion in stocks and bonds. The Mormon Church at the time said the estimates were grossly exaggerated, but a recent investigation by Reuters in collaboration with sociology professor Cragun estimates that the LDS Church is likely worth $40 billion today and collects up to $8 billion in tithing each year.”

References

References
1 ‘Dowry is not the Lord’s way’ In Kenya, LDS President Nelson says tithing breaks poverty cycle’, Deseret News – https://www.deseretnews.com/article/900016023/dowry-is-not-the-lords-way-in-kenya-lds-president-nelson-says-tithing-breaks-poverty-cycle.html
2 ‘How The Mormons Make Money’, Bloomberg – https://archive.org/details/HowTheMormonsMakeMoney and https://www.bloomberg.com/news/articles/2012-07-18/how-the-mormons-make-money