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Deseret Management Corporation (DMC) (/ ˌ d ɛ z ə ˈ r ɛ t / ⓘ) [1] is an American operating company, managing select global, for-profit entities affiliated with the Church of Jesus Christ of Latter-day Saints (LDS Church). It was established in 1966 [2] by church president David O. McKay [3] to hold already-existing church media assets. [4]
The following is a partial list of assets known to be owned or controlled by the LDS Church: AgReserves - the largest producer of nuts in the United States (circa. 1997) [1] Beneficial Financial Group - An insurance and financial services company with assets of $3.1 billion. [56] Bonneville International - the 14th largest radio chain in the U ...
Catholic Church in Australia: 23.25 Australia: Catholicism: Extrapolated figure from calculating assets and investments in the state of Victoria. [7] Seventh-day Adventist Church: 15.6 United States: Adventism: As of 1998. [8] Church of England: 13.84 United Kingdom: Anglican: Endowment funds. [9] Church of Sweden: 11.41 Sweden: Lutheran: FY2012.
Ensign Peak Advisors (/ ˈ ɛ n s aɪ n / EN-syne) [3] (EP) is the investment manager for assets of the Church of Jesus Christ of Latter-day Saints (LDS Church). [4]In 1997, the investment division of the LDS Church was spun off into a separate legal entity named after Ensign Peak, a hill that overlooks Salt Lake City. [4]
The top 10 holdings of the Mormon church's $55 billion stock portfolio include a new AI stock. Matthew Fox. Updated August 19, 2024 at 1:11 PM. Getty Images.
This list is intended as a quick reference for these sites. The sites may or may not be owned by the church. In addition, independent historic registries have recognized a number of current or formerly church-associated properties, such as the L.D.S. Ward Building in Lava Hot Springs, Idaho, listed on the U.S. National Register of Historic Places
Bennett, Archibald F. (1960) [1951], A Guide for Genealogical Research (2nd ed.), Salt Lake City: Genealogical Society of the Church of Jesus Christ of Latter-Day Saints, OCLC 20467434; Widtsoe, John A. (1939), Priesthood and Church Government in the Church of Jesus Christ of Latter-day Saints, Salt Lake City, Utah: Deseret Book, OCLC 20467434
The Church of Jesus Christ of Latter-day Saints and its investment arm have been fined $5m for using shell companies to obscure the size of the portfolio under church control, the US Securities ...