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Church History Matters
051 Modern Church Financial Controversies
Feb 20, 2024
Explore the church's controversial decision to invest over $1 billion in a downtown mall and allegations of tithing fund misuse. Delve into the staggering $100 billion reserve and the ethical questions surrounding financial transparency. Unpack the $5 million SEC fine against the church’s investment arm for undisclosed transactions. Discover how these financial practices impact members, especially the economically disadvantaged, while examining the blend of religious duty and financial strategy.
01:11:38
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- The Church's $1.5 billion investment in the City Creek Mall raises ethical concerns regarding the use of tithing funds amidst ongoing financial scrutiny.
- The reported $100 billion reserve highlights questions about the necessity of tithing, especially from poorer members, challenging church financial transparency.
Deep dives
Financial Q&A with Experts
Listeners are encouraged to submit their questions regarding church finances for upcoming episodes featuring experts Dr. Elizabeth Kuhn and Dr. Aaron Miller. Dr. Kuhn, a historian specializing in financial records from the Joseph Smith era, will answer questions about historical financial practices, while Dr. Miller will address modern church finances. This initiative aims to clarify financial concerns, especially in light of controversies surrounding the church's expansive financial portfolio. Submissions are open until February 22, 2024, for Dr. Kuhn and until February 29, 2024, for Dr. Miller.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode