A colleague sent me a link to this story noting that Farmland Reserve Inc., one of the property holding subsidiaries of LDS Inc., just sold 27,156 acres of farmland in Arkansas (that’s about 42 square miles). Â The header in the email was, “Tithing receipts low?” Â I thought that was funny. Â But, seriously, how much more property does LDS Inc. have?
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Mormon finances
In case you missed it, Caroline Winter at Bloomberg Business Week recently published an investigative piece on LDS Church finances that is pretty detailed. It’s pretty well-balanced, though I’m sure many Mormons will dismiss it as anti-Mormon based on the cover image alone: Apparently the article hit a little too…
add a $9 million shopping center to the total
Inspired by a new news article about land development by the LDS Church in Hawaii, I did a little more property searching. Unfortunately, Honolulu County doesn’t allow searching by name, so finding all the property of Hawaii Reserves, Inc. and Property Reserve, Inc. (two of the holding companies of the…
A Stingy God
by Johnny Townsend On the surface, Mormons are generous. They give a full ten percent of their income to their church. They donate countless hours every week to various “callings,” as Sunday School teachers, Nursery leaders, temple workers, and janitors. The bishop of every congregation may volunteer 20 hours each…
Hmm. First they cancel their expensive high-rise expansion at the MTC despite the prospect of a large increase in the number of missionaries, and now they sell off a large asset? Right after making a multi-billion dollar investment in a shopping mall? Any other organization, and one would suspect they’d overextended themselves.
@Kuri, That is exactly what I was thinking. With an organization which has a “White Horse Prophesy”, you’d think they’d want to keep control over as much of the U.S. as they can get their hands on.