
Aren't malls the new temples to consumerism?
lostindc wrote:Also, is there any truth to tithing funds no longer deemed tithing funds if the money has sat in an account for 24 or more months?
Analytics wrote:lostindc wrote:Also, is there any truth to tithing funds no longer deemed tithing funds if the money has sat in an account for 24 or more months?
I find the assertion that no tithing money was used fascinating, because I don't know what that even means.
So let’s say that one year they take in $10 billion in tithing, but only spend $9 billion (on the salaries of the professional clergy, CES, buildings, etc.). What do they do with the extra $1 billion of tithing money? They're going to invest it, of course. Gordon B. Hinckley explained this once. Specifically, they will make capital infusions (or possibly loans) into businesses they own. So, the "tithing money" is what's invested into the for-profit enterprises.
From the perspective of the for-profit enterprise, are the capital infusions they receive still "tithing money"? I don't think they'd call it that--they'd call it "owner’s equity" or something like that, and they'd consider it their business obligation to use it to build for-profit businesses and generate a positive investment return for the owners. It would seem that by filtering the money from one legal entity to another, the actual cash ceases to be "tithing money".
Let's say the business turns a profit. The church invests $1 billion into its corporate empire, and a year later the corporate empire returns $1.03 billion, for a modest 3% return. If investment returns turn one billion of “tithing money” into $1.03 billion, is that classified as $1.03 billion of tithing money, or is it $1.00 billion of tithing money, plus $30 million somewhat less-sacred money?
These types of questions need answers to have any idea what "tihting money" even means.
Analytics wrote:I find the assertion that no tithing money was used fascinating, because I don't know what that even means.
So let’s say that one year they take in $10 billion in tithing, but only spend $9 billion (on the salaries of the professional clergy, CES, buildings, etc.). What do they do with the extra $1 billion of tithing money? They're going to invest it, of course. Gordon B. Hinckley explained this once. Specifically, they will make capital infusions (or possibly loans) into businesses they own. So, the "tithing money" is what's invested into the for-profit enterprises.
From the perspective of the for-profit enterprise, are the capital infusions they receive still "tithing money"? I don't think they'd call it that--they'd call it "owner’s equity" or something like that, and they'd consider it their business obligation to use it to build for-profit businesses and generate a positive investment return for the owners. It would seem that by filtering the money from one legal entity to another, the actual cash ceases to be "tithing money".
Let's say the business turns a profit. The church invests $1 billion into its corporate empire, and a year later the corporate empire returns $1.03 billion, for a modest 3% return. If investment returns turn one billion of “tithing money” into $1.03 billion, is that classified as $1.03 billion of tithing money, or is it $1.00 billion of tithing money, plus $30 million somewhat less-sacred money?
These types of questions need answers to have any idea what "tihting money" even means.
Fiannan wrote:If one buys their thong bikini at the Mormon Mall is it okay for a young woman attending BYU to wear it on spring break?