Item Detail
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32252
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2
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1
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English
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Finances of the Church
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Encyclopedia of Mormonism
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New York, NY
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Macmillan
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"The financial strength of The Church of Jesus Christ of Latter-day Saints derives primarily from the commitment of its members to the scriptural principle of tithing and other forms of voluntary contributions and service. The collection and disbursement of all funds are carefully managed according to standard procedures worldwide and under the direct supervision of the First Presidency. The Church also maintains limited business investments and financial reserves as part of its larger strategy for supporting expanding ecclesiastical programs. The handling of all funds is regularly audited in accordance with sound financial practices." [Author]