LDS church on track to donate 15 billion a year by 2050
Posted: Sun Oct 30, 2022 10:42 pm
Over the last 3 years, the LDS church claims it has increased the number of charitable projects and presumably, the amount of charitable donations (on average) by 10% each year:
https://www.deseret.com/faith/2022/5/13 ... ts-Mormons
What is interesting is if you extrapolate this 10% growth each year out to the year 2050. At a rate of 10% increase each year, that will put the LDS church at 15 billion in worldwide donations by 2050.
For context, last year, the top 100 US charities combined took in about 55 billion total in donations.
https://www.forbes.com/lists/top-charit ... a87c0b5f50
This would be great news, except there's one snag... the average growth in LDS giving over the last 3 years is 10%. But that is based on a 12% increase in 2020, and an 8% increase in 2021.
Will the church actually continue the 10% pace, or will it slow down to a much more meager and less remarkable 2-3%? I know which one I'm betting on...
https://www.deseret.com/faith/2022/5/13 ... ts-Mormons
What is interesting is if you extrapolate this 10% growth each year out to the year 2050. At a rate of 10% increase each year, that will put the LDS church at 15 billion in worldwide donations by 2050.
For context, last year, the top 100 US charities combined took in about 55 billion total in donations.
https://www.forbes.com/lists/top-charit ... a87c0b5f50
This would be great news, except there's one snag... the average growth in LDS giving over the last 3 years is 10%. But that is based on a 12% increase in 2020, and an 8% increase in 2021.
Will the church actually continue the 10% pace, or will it slow down to a much more meager and less remarkable 2-3%? I know which one I'm betting on...