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According to the LDS Church, most of its revenues come in the form of tithes and fast offerings contributed by members. [15] Tithing donations are used to support operations of the church, including construction and maintenance of buildings and other facilities, and are transferred from local units directly to church headquarters in Salt Lake City, where the funds are centrally managed.
The LDS Church has made similar efforts in the past to provide for the temporal needs of its members. The program is modeled after the Perpetual Emigration Fund, which provided loans to more than 40,000 19th-century Latter-day Saint immigrants looking to settle in the Salt Lake Valley, but lacking the funds to do so.
Corporate transparency, a form of radical transparency, is the concept of removing all barriers to—and the facilitating of—free and easy public access to corporate information and the laws, rules, social connivance and processes that facilitate and protect those individuals and corporations that freely join, develop, and improve the process.
The Salt Lake Tribune reports on the investment strategies behind a highly valued and hotly debated stock portfolio of The Church of Jesus Christ of Latter-day Saints.
Truth & Transparency Foundation (TTF; formerly MormonLeaks and originally Mormon WikiLeaks) was a whistleblowing organization inspired by WikiLeaks, which focused on exposing documents from the leadership of the Church of Jesus Christ of Latter-day Saints (LDS Church). Founded in December 2016 and ceasing operations in April 2022, Truth ...
The LDS Church, and its affiliated entities, do not publish a complete financial report on the amount of funds received or their use. Addressing this topic in 2018, the church's presiding bishop, Gérald Caussé , published a Q&A, stating that "The Church is not a financial institution or a commercial corporation [and] chooses not to publish ...
Corporate transparency describes the extent to which a corporation's actions are observable by outsiders. This is a consequence of regulation, local norms, and the set of information, privacy, and business policies concerning corporate decision-making and operations openness to employees, stakeholders , shareholders and the general public.
On February 21, 2023, the United States Securities and Exchange Commission (SEC) charged the Church of Jesus Christ of Latter-day Saints (LDS Church) and its non-profit investment arm, Ensign Peak Advisors (EP), for failing to disclose the LDS Church's investments, and instead creating shell companies whose purpose was to obscure the church's portfolio.