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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 ...
Even though the Church of Jesus Christ of Latter-day Saints (LDS Church) had been headquartered in Salt Lake City for some twenty years by that time, they were despised by the surrounding community, as Young had disparaged non-Mormon merchants who had engaged in price gouging on necessities, and encouraged boycotting these businesses in 1866. [1]
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 ...
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 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.
The company's first CEO, Clark Gilbert, [1] served from DDM's founding in 2009 until 2015 when he was named president of BYU-Idaho. [2] Gilbert later became an LDS Church general authority and as of 2024 continues to serve as the commissioner of the Church Educational System. [3] Greg Peterson was DDM's president from 2016 to 2021. [4]