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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 ...
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 ...
The LDS Church was a significant influence in the company, retaining a majority interest in ZCMI until its eventual sale in December 1999. [5] The store was established by a vote from the Council of Fifty , an early organization in the LDS Church.
The LDS church’s investment branch, Property Reserve, purchased the 1.3-million-square-foot site from Codina Partners. It is not yet clear what the church plans to do with the massive property.
For LDS Church members a knowledge and appreciation of one's lineage and heritage is closely connected to the sacred ordinances conducted in LDS temples. In its most general sense, the term "family organization" as used within the church refers to the fundamental concept of eternal family structure encompassed by the Plan of Salvation. [3]
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