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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]
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.
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 ...
Mormon family organizations (i.e., family organizations or associations) are entities created by members of the Church of Jesus Christ of Latter-day Saints (LDS Church) to accomplish the basic purposes of family life as understood within the church, in order to establish and strengthen family unity and identity across multiple generations.
Aaronic Order and the LDS Church Headquartered in Mansfield, Missouri; approximately 30 members Formerly known as Zion's Order of the Sons of Levi; use all of the scriptures of the LDS Church except section 132 of the Doctrine and Covenants, plus 650 revelations to Kilgore. Perfected Church of Jesus Christ of Immaculate Latter-day Saints [62]
The investment arm of the Mormon church revealed its stock holdings in a 13F filing last week. The church has amassed a portfolio of individual stocks worth $55 billion. A top AI stock is a new ...
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 church has owned Deseret Ranches, a 290,000-acre cattle and citrus farm spanning three counties in Central Florida and located about 50 miles from Orlando International Airport, for over 60 years.
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