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In today’s Deseret News, d Boyd and Chapman then acknowledge:
Of course, it’s fair game to question whether the reserves are adequate or excessive, or whether specific actions with funds are proper, as the Post article and the whistleblower does. Vast assets require controls and nonprofit reserve investments can be controversial.
I agree wholeheartedly: let’s start asking questions about Church finances. But first, we need Church financial disclosures. [Read more…]
One summer, my parents’ ward held a special Sunday School class for the kids who had come back from college for the summer.[fn1] The Sunday School class was essentially a basic financial life skills class, the kind of thing that every college student (and most of the rest of us) needs, but that is woefully undertaught. The teacher, a member of the bishopric iirc, was a financial planner. He talked to us about budgeting, about saving, and other simple, practical skills.
I haven’t thought about that class in years, but my memory was jogged as I read (on Twitter) about a combined priesthood-Relief Society lesson on self-reliance. [Read more…]
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…]
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