Does it lend money:

To individuals?

To small companies?

To large corporations?

Of course some loans are probably bundled in its investment portfolio.

How many ways does TSCC make money outside of tithing? Although awful tithing stories will be welcomed.

      "Mormon Bankers" are credited with helping to increase the population of hotel/casinos along the Las Vegas Strip back in the 1950s.  Other than now asking to be called "LDS Bankers," there has been no dispute to the claim on the part of los mormones.

      What isn't clear is the origin of the money.  The church was NOT in a good financial situation at the time so I've never heard anyone claim that tithing money was involved.

      Bankers are bankers, no matter their thoughts & prayers regarding deities...  They lend money to make money.  Had the mormon banks in Southern Nevada and/or Utah turned them down, it's almost a certainty that other banks would have made the loans.

      Deseret Ranch, near Orlando, now covers an area 50 by 30 miles, with a separate section surrounding Kenansville in Osceola County.  The church bought the original 54,000-acre tract in 1950 and over the last 50 years, the ranch grew to more than 312,000 acres.

      https://en.wikipedia.org/wiki/Deseret_Ranches


      The church owned Zions Bank up until 1960, when they sold off "Majority" control.  There are two implications:  1) they made money selling that interest, and  2) they have a minority interest, which makes them money every quarter.

      Stake Welfare Farms:  The ones I worked own were owned by the church.  Both are now housing subdivisions.  That land was bought cheap, made money as farms most years and was sold at what had to be huge profits.


      I'm boring myself, so I'll stop now...

"Mormon Bankers"? Looks to me like a misprint. That B should surely be a W ... ;-)

Tu es très drôle, parfois...

I’d like to see the Mediterranean but just chill.

Speaking of "On," here's my favorite French YouTube video, in which Lara Fabian is singing one of her famous songs.  But this time, Je T'aime is echoed back to her by the audience as On T'aime.

The back story is that she was going through some personal travail, and her fans wanted her to know that they had her back...

Nice to have friends!


Oops!:    https://www.youtube.com/watch?v=IYnFwUbC9A8



Edited 1 time(s). Last edit at 04/23/2024 05:09PM by elderolddog.

Then there is of Course Bonnville International, the LDS church's for-profit broadcasting arm...

https://bonneville.com/about-us/

From that website:

"About Bonneville
Our Story & Purpose

Bonneville International is an integrated media and marketing solutions company dedicated to building up, connecting, informing and celebrating families and communities. Founded in 1964, Bonneville currently operates radio and TV stations, local websites, chart topping podcasts and other digital distribution
assets in six western U.S. markets. Headquartered in Salt Lake City, Bonneville is a subsidiary of Deseret Management Corporation (DMC), a for-profit arm of The Church of Jesus Christ of Latter-day Saints."

The mission statement just below the above leaves me ROTFL. Are they kidding or what.

"As a DMC Company, Bonneville International is committed to adding to the sum of good in the world with a mission to be trusted voices of light and truth influencing hundreds of millions of people worldwide..."

But of course this website doesn't mention how profitable the company is so let's check out another.

https://www.zippia.com/bonneville-international-careers-17129/revenue/

(may require an account to see all the information)

"What Is Bonneville International's Revenue?
Bonneville International's annual revenue is $280.0M. Zippia's data science team found the following key financial metrics about Bonneville International
after extensive research and analysis.
list of 2 items
Bonneville International has 1,242 employees, and the revenue per employee ratio is $225,443.
Bonneville International peak revenue was $280.0M in 2023.
list end"

Now that sounds more like it! Yes, Bonnville is a moneymaker for the Church of Jesus Christ of Latter Day Saints.

Ha! Thank you, blindguy :D

The base of course was the original land holdings and businesses started when Utah was settled.

Add inheritances, the church used to actively remind people to remember the church when writing wills.

Then there are donations in kind.
A person could sell their stocks or land and then make a church donation or pay tithing, but they could face hefty tax issues.

Do it is easier to donate real estate or sticks directly to the church.

Point in case, why did the church want to build a temple in a certain spot in Cody Wyoming?

Simple, the land was donated to the church.

Stuff all these donations into multiple shell companies, I mean into one investment account and voila! Billions of dollars.

Of course you do the same in multiple countries.

Other means of making money are:
* Family Search – unpaid labor is used to generate content for for-profit genealogical sites.
* Clothing – it sells underwear and other clothing to members.
* Property – it appears some of this is rented out to others.
* Education – BYU is funded by the church but presumably makes money for the church as well.

As a lender and borrower, the church has been made to sign up to DEI commitments and these are beginning to appear very slowly through its media outlets.