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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 Church of Jesus Christ of Latter-Day Saints: 265.0 United States: Non-Trinitarian Christianity: Includes everything from investments, operating assets (ecclesiastical buildings) and Real estate, mostly from USA. [1] Catholic Church in Germany: 47.24 to 265.62 Germany: Catholicism
The current name, The Church of Jesus Christ of Latter-day Saints – Philanthropies, was changed in 2019 as part of a focus by the LDS Church to move away from the monikers 'LDS' and 'Mormon'. [6] [7] N. Eldon Tanner initially created a task force to address philanthropic issues in the LDS Church and named Donald T. Nelson as the first director.
The LDS Church is the largest branch of the Latter Day Saint movement, with membership estimated at 16.6 million as of December 31, 2020. [7] The LDS Church was estimated to have received tithing donations totaling between $7 billion [8] [9] and $33 billion [10] USD in the year 2012 (equivalent to $9.3 billion to $43.8 billion in 2023 [11]).
Deseret Industries (/ ˌ d ɛ z ə ˈ r ɛ t / ⓘ) [1] (known locally as DI) is a non-profit organization and a division of the welfare services provided by the Church of Jesus Christ of Latter-day Saints (LDS Church). DI thrift stores are similar to the well-known Goodwill Industries.
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 council oversees revenue, investments and expenditures valued at billions of dollars per year. While the LDS Church produces an annual report and employs an independent auditing department which reviews the financial activities of the church, [1] it has not published full financial reports since 1959.
The Relief Society is a philanthropic and educational women's organization of the Church of Jesus Christ of Latter-day Saints (LDS Church). It was founded in 1842 in Nauvoo, Illinois, United States, and has more than 7 million members in over 188 countries and territories. [1]