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Tuesday, November 26, 2013

219: Happy Birthday to THE CORPORATION OF THE PRESIDENT:

Today is the 90 year anniversary that the Church of Jesus Christ of Latter-day Saints filed with the government to become a corporation. The full legal name is The Corporation of the President of the Church of Jesus Christ of Latter-day Saints.  If you go the Utah.gov secured website you can see the registration date of November 26, 1923. link  (see below attachment)

The financial strength of The Corporation of the President of  The Church of Jesus Christ of Latter-day Saints derives primarily from the commitment of its members to pay their tithing and other forms of voluntary contributions and service. It is estimated that the LDS Mormon church earns $7 billion a year from tithing. Here is the link.

How this money is used is under the control of  the Council on the Disposition of Tithes, which consists of the First Presidency of the Church, the quorum of twelve apostles, and the Presiding Bishopric. This council meets regularly and oversees the expenditures of all Church funds worldwide. It approves budgets and financial strategy and establishes financial policy.

Two subcommittees of the Council on the Disposition of Tithes are the Budget Committee and the Appropriations Committee. Both committees consist of the First Presidency, selected members of the Quorum of the Twelve Apostles, and members of the Presiding Bishopric

When you go to tithing settlement before the end of the year, notice how the checks are eventually made out to the Corporation of the President. It would be a good question to ask your Bishop. Personally,  I think I would rather write my check out to the originally established name of the Church of Jesus Christ that the Lord set in the scriptures... I find it interesting that I did a search in the scriptures and I can not find the word Corporation in the scriptures anywhere. I would love to read the revelation from the Lord to establish this corporation... I wonder if it is in the Church archives somewhere. :)

Any way... Happy 90th Birthday to the Corporation of the President of the Church of Jesus Christ of Latter-day Saints.