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LDS Church has in reserves at least $32 Billion. Has stated "we expect to see the day when we will not have to ask you for one dollar of donation for any purpose, except that which you volunteer to give of your own accord, because we will have tithes sufficient in the storehouse of the Lord to pay everything that is needful for the advancement of the kingdom of God." Joseph F Smith.
LDS Church has in reserves at least $32 Billion. Has stated "we expect to see the day when we will not have to ask you for one dollar of donation for any purpose, except that which you volunteer to give of your own accord, because we will have tithes sufficient in the storehouse of the Lord to pay everything that is needful for the advancement of the kingdom of God." Joseph F Smith.
After whistleblower report states church amassed $100 Billion Fund: "Claims being currently circulated are based on a narrow perspective and limited information. The Church complies with all applicable law governing our donations, investments, taxes, and reserves. We continue to welcome the opportunity to work with officials to address questions they may have." – 2019 First Presidency: Russell M Nelson, Dallin H Oaks, Henry B Eyring - wasmormon.org
After whistleblower report states church amassed $100 Billion Fund: "Claims being currently circulated are based on a narrow perspective and limited information. The Church complies with all applicable law governing our donations, investments, taxes, and reserves. We continue to welcome the opportunity to work with officials to address questions they may have." – 2019 First Presidency: Russell M Nelson, Dallin H Oaks, Henry B Eyring
Mr. Clarke said he believed church leaders were concerned that public knowledge of the fund’s wealth might discourage tithing. “Paying tithing is more of a sense of commitment than it is the church needing the money,” Mr. Clarke said. “So they never wanted to be in a position where people felt like, you know, they shouldn’t make a contribution.” https://missedinsunday.com/memes/finances/contribution/
Mr. Clarke said he believed church leaders were concerned that public knowledge of the fund’s wealth might discourage tithing. “Paying tithing is more of a sense of commitment than it is the church needing the money,” Mr. Clarke said. “So they never wanted to be in a position where people felt like, you know, they shouldn’t make a contribution.” https://missedinsunday.com/memes/finances/contribution/
THINGS THE CHURCH HAS OPENLY ACKNOWLEDGED WERE A MISTAKE AND HAS EXPRESSED REGRET: not BANNING BLACK MEN FROM THE PRIESTHOOD & BLACK MEN AND WOMEN FROM ENTERING THE TEMPLE UNTIL 1978 not ABANDONING EARLY CHURCH PRACTICE OF ALLOWING WOMEN TO EXERCISE THE PRIESTHOOD FOR THEMSELVES AND KEEPING IT FROM THEM TO THIS DAY not COVERING UP AND OUTRIGHT ALLOWING CHILD SEX ABUSE TO CONTINUE FROM THE BEGINNING DAYS OF THE CHURCH not PREDATORY PRACTICE OF POLYGAMY WITH ADOLESCENT GIRLS AND POOR, DESTITUTE WOMEN WHO WERE ONLY SEEKING HELP not BASHING GAY MEMBERS AND NON-MEMBERS WHILE CREATING INTOLERANCE AND HATE FOR A ENTIRE SEGMENT OF THE CHURCH INCLUDING CALLING FOR GUN VIOLENCE AGAINST THEM AT BYU LAST YEAR yes GETTING EXPOSED PUBLICLY FOR LYING ABOUT AND CRIMINALLY HIDING MASSIVE AMOUNTS OF MONEY FOR DECADES
THINGS THE CHURCH HAS OPENLY ACKNOWLEDGED WERE A MISTAKE AND HAS EXPRESSED REGRET: not BANNING BLACK MEN FROM THE PRIESTHOOD & BLACK MEN AND WOMEN FROM ENTERING THE TEMPLE UNTIL 1978 not ABANDONING EARLY CHURCH PRACTICE OF ALLOWING WOMEN TO EXERCISE THE PRIESTHOOD FOR THEMSELVES AND KEEPING IT FROM THEM TO THIS DAY not COVERING UP AND OUTRIGHT ALLOWING CHILD SEX ABUSE TO CONTINUE FROM THE BEGINNING DAYS OF THE CHURCH not PREDATORY PRACTICE OF POLYGAMY WITH ADOLESCENT GIRLS AND POOR, DESTITUTE WOMEN WHO WERE ONLY SEEKING HELP not BASHING GAY MEMBERS AND NON-MEMBERS WHILE CREATING INTOLERANCE AND HATE FOR A ENTIRE SEGMENT OF THE CHURCH INCLUDING CALLING FOR GUN VIOLENCE AGAINST THEM AT BYU LAST YEAR yes GETTING EXPOSED PUBLICLY FOR LYING ABOUT AND CRIMINALLY HIDING MASSIVE AMOUNTS OF MONEY FOR DECADES
The church of Jesus Christ of Latter-Day Saints was just fined 5 million dollars by the SEC. Please summarize the story in the style of a scripture from the Book of Mormon: And it came to pass that in the year of our Lord two thousand and twenty-three, there arose a great contention among the people concerning the Church of Jesus Christ of Latter-day Saints and its investment arm, which was called Ensign Peak Advisers. For behold, they had amassed unto themselves a great and spacious portfolio of stocks and bonds, even to the amount of thirty and two billion dollars. And they did hide their riches from the eyes of the people by using many shell companies, which were not known unto them. And it came to pass that there was a judge in the land, whose name was SEC, or Securities and Exchange Commission. And he did accuse the church and Ensign Peak Advisers of transgressing the law, which required them to make known their holdings unto all men. And he did fine them five million dollars for their iniquity. And thus we see that the church and Ensign Peak Advisers did repent not of their secret combinations, but did justify themselves before God and men, saying that they had done these things for a wise purpose in him. But behold, many people were offended by their words and deeds, and did murmur against them. And they did cause much sorrow and affliction among the saints.
The church of Jesus Christ of Latter-Day Saints was just fined 5 million dollars by the SEC. Please summarize the story in the style of a scripture from the Book of Mormon: And it came to pass that in the year of our Lord two thousand and twenty-three, there arose a great contention among the people concerning the Church of Jesus Christ of Latter-day Saints and its investment arm, which was called Ensign Peak Advisers. For behold, they had amassed unto themselves a great and spacious portfolio of stocks and bonds, even to the amount of thirty and two billion dollars. And they did hide their riches from the eyes of the people by using many shell companies, which were not known unto them. And it came to pass that there was a judge in the land, whose name was SEC, or Securities and Exchange Commission. And he did accuse the church and Ensign Peak Advisers of transgressing the law, which required them to make known their holdings unto all men. And he did fine them five million dollars for their iniquity. And thus we see that the church and Ensign Peak Advisers did repent not of their secret combinations, but did justify themselves before God and men, saying that they had done these things for a wise purpose in him. But behold, many people were offended by their words and deeds, and did murmur against them. And they did cause much sorrow and affliction among the saints.