LDS Church kept the lid on its $100B fund for fear tithing receipts would fall, account boss tells Wall Street Journal
www.sltrib.com
Latter-day Saint officials kept the size of the church’s $100 billion investment reserves secret for fear that public knowledge of the fund’s wealth might discourage members from paying tithing, according to the top executive who oversees the account.

They are required to talk about anything over $100 million but they “didn’t want people to be discouraged about tithing to them.”

I was looking up if they owned any Pepsi stock still and apparently if they do, they’re not talking about that either.

    • HeyThisIsntTheYMCA@lemmy.worldEnglish
      5·
      10 months ago

      Different societies do their food disaster planning differently. Instead of having a massive pile of nasty food storage cans no one wants to eat we have a big garden and a bunch of fruit trees. We eat it as it comes in, store just enough to get us to the next season, give what we make with it away liberally to our friends and neighbors, and if we’re ever in a pinch we can get some from our friends and neighbors no questions asked. It’s very communitarian. Also delicious. I’m not sure it would work so well in a desert, but I’ll take advantage of the fantastic climate here while it lasts.

      • Piers@lemmy.worldEnglish
        4·
        10 months ago

        Yeah the people who will do the best in that scenario are the ones able to sustainably produce their own food not the ones with the biggest pile of preserved food. The Almost have the Mormons beat for "the weird American religious group that is most able to keep feeding themselves once America falls over.’