Church Finances, 1947-Style

In April 1959, the Church published its last financial report. The last here is important, though, because, for almost half a century leading up to that report, the Church presented a relatively detailed financial report in each April General Conference.

Until a couple months ago, though, I’d never seen the financial reports that the Church issued. In the course of his reading and research, J. Stapley came across the Church’s 1947 financial report, and offered to let me blog it. I jumped at the chance, and the disclosure turns out, in many ways, to be as fascinating as I’d hoped.  [Read more...]

Is It Time to Reduce the BYU Subsidy?

Enter to learn; go forth to toil in obscurity.

My son was recently admitted to BYU for the upcoming fall semester.  Here are some things about BYU we discovered in the application process:

  • BYU is mind-blowingly cheap.  It is about a tenth the cost of other universities he applied for and twice what we would have to pay for an in-state tuition assuming we could somehow qualify as residents having lived abroad for two and a half years.  When room & board and other incidental costs are included, that gap is narrowed a little so that other schools were only 4 times the cost of BYU. [Read more...]

Does the charitable deduction make sense for Mormons?

This year, Mormons will likely be disproportionate beneficiaries of the charitable deduction as they deduct money paid for tithing. The issue is whether allowing Mormons this deduction makes economic sense. [Read more...]

Should tithing subsidize BYU?

Malcolm Gladwell recently ranked America’s best law schools when taking into account value for the dollar. Perhaps unsurprisingly, under this new rubric BYU ranked number two.  In the past, I’ve often noted BYU’s value with a sense of pride and admiration.  But this time, perhaps because I’m currently paying for another school, I began asking why: “Why is the tithing I pay subsidizing the costs of education for a small subset of Mormons?” [Read more...]

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