Tag: Paid Ministry

  • Not Wealthy

    Not Wealthy

    Excerpt from an April 2006 address by Thomas S. Monson, ’Our Sacred Priesthood Trust’: 1

    “I have experienced many opportunities. One occurred 21 years ago, prior to the time when the German Democratic Republic—or East Germany, as it was more commonly known—was freed from Communist rule. I was visiting with the East German state secretary, Minister Gysi. At that time our temple at Freiberg, in East Germany, was under construction, along with two or three meetinghouses. Minister Gysi and I visited on a number of subjects, including our worldwide building program. He then asked, “Why is your church so wealthy that you can afford to build buildings in our country and throughout the world? How do you get your money?”

    I answered that the Church is not wealthy but that we follow the ancient biblical principle of tithing, which principle is reemphasized in our modern scripture. I explained also that our Church has no paid ministry and indicated that these were two reasons why we were able to build the buildings then under way, including the beautiful temple at Freiberg.”

    ‘MormonLeaks: LDS Church connected to at least $32B in U.S. stock market’, KUTV News, May 30 2018: 2

    “The church — officially titled The Church of Jesus Christ of Latter-day Saints — does not not publish the details of its finances, but the website MormonLeaks.io released information it says connects the church to 13 LLC companies that collectively owned the stocks at the end of 2017 and provides the collective value at $32,769,914,000. One of the financial reports was from 2015.

    MormonLeaks wrote that each of the 13 companies have domains that are hosted by the LDS Church servers, that also hosts LDS.org and Mormon.org. “All of them were registered on July 21, 2016,” according to MormonLeaks, that also provided a more technical explanation. It claimed there is little doubt the LLC domains are owned the church.”

    Further Study

    MormonLeaks™ Compiles Information Connecting Mormon Church to $32 Billion of Investments – https://mormonleaks.io/newsroom/2018/05/30/mormonleaks-compiles-information-connecting-mormon-church-to-32-billion-of-investments/

    References

  • No Paid Ministry

    No Paid Ministry

    Image: Thomas S. Monson, LDS Church President. 

    From the April 2006 General Conference address ‘Our Sacred Priesthood Trust’:[footnote]Our Sacred Priesthood Trust – LDS April 2006 General Conference[/footnote]

    I have experienced many opportunities. One occurred 21 years ago, prior to the time when the German Democratic Republic—or East Germany, as it was more commonly known—was freed from Communist rule. I was visiting with the East German state secretary, Minister Gysi. At that time our temple at Freiberg, in East Germany, was under construction, along with two or three meetinghouses. Minister Gysi and I visited on a number of subjects, including our worldwide building program. He then asked, “Why is your church so wealthy that you can afford to build buildings in our country and throughout the world? How do you get your money?”

    I answered that the Church is not wealthy but that we follow the ancient biblical principle of tithing, which principle is reemphasized in our modern scripture. I explained also that our Church has no paid ministry and indicated that these were two reasons why we were able to build the buildings then under way, including the beautiful temple at Freiberg.

    From a 2014 letter to First Quorum of the 70 addressing living allowance increase:[footnote]First Q70 Living Allowance – Mormon Leaks[/footnote]

    In Accordance with approved procedures, the annual General Authority base allowance has been increased from $116,400 to $120,000. This will begin with your paycheck issued on January 10, 2014 (pay period 1).

    Detailed information on the t2014 medical benefits and related premiums was sent to you earlier by Deseret Mutual Benefit Administrators.

     

     

     

     

    Crash Course:

    How the Mormons Make Money – Bloomberg

    LDS Church Finances – Wikipedia

    Mormon Leaks

    Church Finances, 1947-Style – By Common Consent

    What does “unpaid ministry” look like? – Eric Johnson