Comments on: How Churches Invest Their Money http://www.mint.com/blog/investing/how-churches-invest-05172010/ The blog of the free, simple personal finance solution. Track all your spending automatically, find the best deals, save more money. And save the world. Sat, 11 Feb 2012 21:46:28 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Ryan http://www.mint.com/blog/investing/how-churches-invest-05172010/comment-page-1/#comment-48849 Ryan Thu, 20 May 2010 21:06:00 +0000 http://www.mint.com/blog/?p=10912#comment-48849 It should be noted that the LDS church has no paid clergy. Also, the LDS church provides enormous amounts of charitable support all around the world. They're one of the first organizations on the scene anytime there's a natural disaster, with food, blankets, clothes, and medical supplies. And 100% of charitable donations made to the LDS church are distributed... nothing is retained for administrative costs. For more information, check out this link: http://bit.ly/b4FHGH It should be noted that the LDS church has no paid clergy.

Also, the LDS church provides enormous amounts of charitable support all around the world. They’re one of the first organizations on the scene anytime there’s a natural disaster, with food, blankets, clothes, and medical supplies. And 100% of charitable donations made to the LDS church are distributed… nothing is retained for administrative costs.

For more information, check out this link: http://bit.ly/b4FHGH

]]> By: E. Klinche http://www.mint.com/blog/investing/how-churches-invest-05172010/comment-page-1/#comment-48767 E. Klinche Tue, 18 May 2010 23:58:45 +0000 http://www.mint.com/blog/?p=10912#comment-48767 The LDS Church has for-profit companies, that are taxed and contribute to individual workers and the governements under which they serve. The Church of Jesus Christ is a non-profit organization, as most churches are, and use far more volunteer value than any money value or gain. Many cities and governments profit from the Church's member donations and funds, like our temples and churches across the globe that are purchased and then taxed. That is interesting about the Roman Catholic Church being called the "Church of Christ". When did that start? In Chile everybody would call it the Apostolic Roman Catholic Church. And those were mostly Catholics. As far as I knew, The Church of Jesus Christ of Latter-day Saints was the first church since Jesus to officially carry His name. I would like to know more of the history of the Catholic nomenclature. The LDS Church has for-profit companies, that are taxed and contribute to individual workers and the governements under which they serve.

The Church of Jesus Christ is a non-profit organization, as most churches are, and use far more volunteer value than any money value or gain. Many cities and governments profit from the Church’s member donations and funds, like our temples and churches across the globe that are purchased and then taxed.

That is interesting about the Roman Catholic Church being called the “Church of Christ”. When did that start? In Chile everybody would call it the Apostolic Roman Catholic Church. And those were mostly Catholics.

As far as I knew, The Church of Jesus Christ of Latter-day Saints was the first church since Jesus to officially carry His name. I would like to know more of the history of the Catholic nomenclature.

]]> By: LolCakesGeist http://www.mint.com/blog/investing/how-churches-invest-05172010/comment-page-1/#comment-48757 LolCakesGeist Tue, 18 May 2010 16:12:09 +0000 http://www.mint.com/blog/?p=10912#comment-48757 LDS certainly is the largest producer of nuts Adam. Thank you for pointing that out. LDS certainly is the largest producer of nuts Adam. Thank you for pointing that out. ]]> By: IAmForLiberty http://www.mint.com/blog/investing/how-churches-invest-05172010/comment-page-1/#comment-48751 IAmForLiberty Tue, 18 May 2010 14:17:06 +0000 http://www.mint.com/blog/?p=10912#comment-48751 Adam, are you concerned that the D was capitalized in Latter-day? I am thankful they used the complete name of the church. Thanks for the addition of information on agriculture. I enjoyed the tour of the 290,000 acre Deseret Ranch near Orlando, FL a few years ago. Adam, are you concerned that the D was capitalized in Latter-day? I am thankful they used the complete name of the church. Thanks for the addition of information on agriculture. I enjoyed the tour of the 290,000 acre Deseret Ranch near Orlando, FL a few years ago. ]]> By: IAmForLiberty http://www.mint.com/blog/investing/how-churches-invest-05172010/comment-page-1/#comment-48750 IAmForLiberty Tue, 18 May 2010 14:02:55 +0000 http://www.mint.com/blog/?p=10912#comment-48750 Adam, are you concerned that the D was capitalized in Latter-day? I am thankful they used the complete name of the church. Adam, are you concerned that the D was capitalized in Latter-day? I am thankful they used the complete name of the church. ]]> By: Nathan http://www.mint.com/blog/investing/how-churches-invest-05172010/comment-page-1/#comment-48746 Nathan Tue, 18 May 2010 09:00:10 +0000 http://www.mint.com/blog/?p=10912#comment-48746 There was a BRW report on charities in Australia: Catholic church tops the list and if considered a business (which it plainly is..) it'd be in the top 5 businesses in Australia. http://blogs.theage.com.au/business/executivestyle/managementline/archives/brw2906p042-046.pdf In 2005 it was 16 billion in revenue for the catholic church, uniting was 2.4 billion. Tax free, completely un-reported and hidden from the tax office. Plus they get a tonne of money from the government for their schools (quite why we're funding private religious schools with federal public money I don't know). Other money for counselling services etc Churches are a rort, they should be treated like any other business or else have to ensure that they are actually non-profit by really doing charitable work. There was a BRW report on charities in Australia: Catholic church tops the list and if considered a business (which it plainly is..) it’d be in the top 5 businesses in Australia.

http://blogs.theage.com.au/business/executivestyle/managementline/archives/brw2906p042-046.pdf

In 2005 it was 16 billion in revenue for the catholic church, uniting was 2.4 billion.

Tax free, completely un-reported and hidden from the tax office. Plus they get a tonne of money from the government for their schools (quite why we’re funding private religious schools with federal public money I don’t know). Other money for counselling services etc

Churches are a rort, they should be treated like any other business or else have to ensure that they are actually non-profit by really doing charitable work.

]]> By: lozeerose http://www.mint.com/blog/investing/how-churches-invest-05172010/comment-page-1/#comment-48729 lozeerose Tue, 18 May 2010 02:51:19 +0000 http://www.mint.com/blog/?p=10912#comment-48729 Similar to Adam (above), there is a need to correct the name of the "Roman" Catholic Church. The proper and "official" name of the Church is the "Church of Christ." The Church is also more properly called the "Catholic Church." The Roman adjective actually refers to the rite (Latin) of the Church and the fact that the See of Peter is in Rome. The Church does not officially refer to herself as the "Roman" Catholic Church. It would be best to clarify these distinctions prior to posting items concerning the Church whose members do not all follow the Holy Liturgy of the Latin Rite yet remain in full communion with Rome. Similar to Adam (above), there is a need to correct the name of the “Roman” Catholic Church. The proper and “official” name of the Church is the “Church of Christ.” The Church is also more properly called the “Catholic Church.” The Roman adjective actually refers to the rite (Latin) of the Church and the fact that the See of Peter is in Rome. The Church does not officially refer to herself as the “Roman” Catholic Church.

It would be best to clarify these distinctions prior to posting items concerning the Church whose members do not all follow the Holy Liturgy of the Latin Rite yet remain in full communion with Rome.

]]> By: Adam http://www.mint.com/blog/investing/how-churches-invest-05172010/comment-page-1/#comment-48718 Adam Mon, 17 May 2010 20:29:53 +0000 http://www.mint.com/blog/?p=10912#comment-48718 You've got the incorrect name for The Church of Jesus Christ of Latter-day Saints. I'd encourage you to correct it. Since the Church is so often misnamed, it has made a <a href="http://newsroom.lds.org/ldsnewsroom/eng/style-guide" rel="nofollow">style guide</a> available. Other assets owned by The Church of Jesus Christ of Latter-day Saints are listed at <a href="http://en.wikipedia.org/wiki/Finances_of_The_Church_of_Jesus_Christ_of_Latter-day_Saints#Assets" rel="nofollow">Wikipedia</a>, such as AgReserves Incorporated (one of the largest nut producers in America). You’ve got the incorrect name for The Church of Jesus Christ of Latter-day Saints. I’d encourage you to correct it. Since the Church is so often misnamed, it has made a style guide available.

Other assets owned by The Church of Jesus Christ of Latter-day Saints are listed at Wikipedia, such as AgReserves Incorporated (one of the largest nut producers in America).

]]>