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.
3 comments:
*sigh*
Yes, *we* needed Ether in the Book of Mormon. Captivity, to be sure. The sad fact is that there are no LDS (or other inhabitants of the world) who don't know what it is like NOT to live in captivity--
Thomas S. Monson, etc. on down to the bishop of the smallest ward or the branch president of the smallest branch--
may be righteous men, but they "rule" in captivity--
I'll come out an say it, you guys have some repenting to do. I believe you and the author of this site are too smart for your own good.
Actually the original name was, the "Church of Christ" like Jesus said his church should be called in the Book of Mormon. The current name of the LDS church is the third one.
" In 1830, it was first named, "Church of Christ," in 1834, the name changed to "The Church of the Latter Day Saints," and in 1838, the name changed again, to "The Church of Jesus Christ of Latter-day Saints."
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