LDS Church Releases FAQs Regarding Their Finances

LDS Church Releases FAQs Regarding Finances

After Presiding Bishop Gérald Caussé shared his thoughts on financial self-reliance in an article, the Church released a number of frequently asked questions regarding the finances of the Church to provide both context and understanding to these monetary matters.

The questions include how tithing funds are used, why the Church does not publish financial information, if the Church pays taxes, and the different sort of investments the Church is involved with. In total, twelve questions cover a variety of topics.

See all of the FAQs here.

According to the news release, the focus on Church finances is ultimately to help others come unto Christ.

“The Church of Jesus Christ of Latter-day Saints has a singular purpose: to invite all people to come unto Christ. The Church is not a financial or profit-making institution; it uses resources to carry out its divinely appointed mission,” the statement reads. “The Church is a steward of the tithes and generous donations provided by its members, and it practices the principles it teaches — avoiding debt, living within a budget and preparing for the future.”

You can learn more about tithing here.

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