“We have a vision of the church that is — can I use the word grandiose?” Presiding Bishop Gerald Caussé said. “Because we believe the gospel has to be taken to all the world. And so we see the size of the church [growing to] multiple times what it is now.”
, reiterating that the church’s money funds its religious, charitable and educational efforts. “There is no other purpose. Nobody is getting rich.”, eclipsing its 2021 total by more than $100 million amid the increased scrutiny of the faith’s finances.Andrew Harnik | AP) This 2017 photo shows the U.S. Securities and Exchange Commission building in Washington. The SEC fined the LDS Church and its investment arm $5 million for failing to properly disclose past stock holdings.in its latest report.
In 2007, for example, Ensign Peak recorded $1 million for its total assets and in later years wrote “over” $1 million. The real 2007 number, the article stated, was about $38 billion., second counselor in the three-member Presiding Bishopric and former banking and private-equity executive, told the paper. “It was simply meant to communicate that we do not feel that we’re obligated to fill in that box.”of the world and to see the global faith through economic downturns. L.
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