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The vast but little-known fund of the Mormon Church

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Re: The vast but little-known fund of the Mormon Church

#331

Earlier quoted context omitted.

Bad comparison when you’re skeptical of an entity investing money in businesses who employ lots of people...

I see you're admitting the church is a business. Too bad that's not how they tell it to their members. I'd be perfectly fine with the church's actions if they would just admit that they're a profit seeking enterprise and charity is only of value for the PR it brings. At least then I wouldn't have felt swindled when I found out that all that money I spent on tithing while working 80 hours a week as a truck driver to p…

I called it an entity that invests in businesses. It very clearly has an investment arm (which I have known about for decades). The Church owns physical assets and I’m okay with that. I’d rather it have liquid assets than struggle to pay its bills like in the 1800s - early 1900s. I’m a fan of financial prudence.

At the end of the day, and as unpopular as it is, I believe Joseph Smith saw the Father and the Son. Other things are details. I’m not a naive or ignorant person, but I honestly have no issue with how the Church handles its finances (as an organization). Given that we do not believe that anyone is infallible (including the Prophet) I will stop short of absolute statements of any one particular person. But, as an organization, they handle their finances prudently.

Which I appreciate and respect.

Re: The vast but little-known fund of the Mormon Church

#332

Is 100 billion really that much? The church has 16 million members. That is about $6,000 per member. The church has had 200 years of tithing and compound interest to get to this point. If used as an endowment to support 16 million people in 170+ countries that doesn't seem too crazy. A single human (not mentioning any names) having 100 billion seems crazy.

This isn't that the church has $100 billion dollars. They actually are estimated to be worth more than Apple in real estate and cash.

This $100B is one single fund that is a "secret" fund. It was collected by the church members donating to charity, but asking the church to allocate the funds. So this is in addition to all the other offerings a member is required to make (10% of pre-tax gross income). So the church took money promising to allocate it to charity, and the church members thought they were donating to charity, but the church instead siphoned it off and kept it for themselves in a secret fund that they denied existed. It took a whistleblower from within the fund's organization to reveal it to the public.

So this is in addition to normal money that the church has, or its real estates, or its hundreds of billions in other investments. This is actually a tiny slice of the pie, but it was collected maliciously and wasn't reported to the IRS.

Re: The vast but little-known fund of the Mormon Church

#333
post #258

Earlier quoted context omitted.

Again, how do you know that what you are assuming is "common" isn't just a warped perception due to distillation effects of internet fora? My brother and his wife asked us not to bring up church stuff to them, and like normal humans and family members who respect each other, we obliged. And it's a two way street; when they come visit us we still say prayers for meals and they don't make a bug fuss about it.

And how do you know that your experience is the common one? The exmormon subreddit is an extremely large and active subreddit, with lots of unity in experiences. Its by far the largest known community of ex members of any religion on reddit. If your experience were more common, the exmormon subreddit would probably be as dead as the /r/excatholic subreddit. Now that is a community that really doesn't give a shit if y…

That’s because most Catholics never go to church anyway. But they certainly do care if you don’t baptize their grandchildren.

Re: The vast but little-known fund of the Mormon Church

#334

Earlier quoted context omitted.

> It still sounds a lot like Communism, though. That is because it is, 100%. If your teacher freaked out over it, she is having trouble reconciling it with the American cultural meme of "Communism is pure evil.", which stems from the Cold War, not religious doctrine. And yes, something is off if a tithing LDS family is living on food stamps. I have had family who lost jobs and had no money, and the LDS church gave th…

I think the key difference is the Church's system is voluntary and communism is not voluntary.

State communism might not be voluntary, but there are plenty of forms of communism that are voluntary: employee owned companies and cooperatives are literally communist.

And I don't really consider it voluntary if I am to believe the consequences that they teach: the threat of being ripped from and permanently separated from your family for eternity is just as coercive of a punishment as the threat of being sent to a gulag.

Re: The vast but little-known fund of the Mormon Church

#335

Earlier quoted context omitted.

It’s a very liberal western viewpoint. The vast majority of humanity would disagree.

So?

It’s a minority view that is of little relevance today and which will become even less relevant as Asians, Africans, Chinese, Latin Americans, and Indians rise to cultural and economic dominance.

Re: The vast but little-known fund of the Mormon Church

#336
post #9

That is just what is uncovered in the investment market with one subsidiary. They also own 2% of Florida[0], huge land tracts in Argentina, Oklahoma and elsewhere, and attractive urban real estate in most major metropolises including apartment complexes in PA. They centralize donation collection of tithes and good will offerings such that about 8% stays back at congregations (based on personal observation as the fina…

Just a note on leaving the church: when you leave you leave all the people you have known all your life. Since you spend so much time in church activities fellow members become your extended family. When you leave you understand that the only reason you had contact with your extended family is because of the church. You become the lone man out. It's extremely hard to rebuild relationships outside the church. I don't think most shun you but some will. The members don't work to reach out unless it's to ask you to return to the church. It's very hard to leave.

Re: The vast but little-known fund of the Mormon Church

#337
post #286

Earlier quoted context omitted.

> If they're removed, they're removed, at least from any lists that local leaders, members or missionaries could see. This is exactly the kind of dishonest bullshit line that local leaders use when people ask to be removed and not contacted again. I don't know how these "lists" work internally in the church, but local leaders can happily say, "Sure, we'll remove you from the list. Done! No more visits!" knowing that…

You're welcome to your own opinions, but I actually work with church records at a local level, and this is the truth. I have siblings and neighbors who have left, and there's absolutely no remaining evidence (that I or my local leaders can see) of their info or that they were ever members of the church. It comes down to what you're specifically asking. If you ask a local leader to remove you from a list, they may rem…

> you would have to have been baptized in the church, professed to believe in the church's doctrines, voluntarily consented to being a member, provided personal data, etc, so a retraction of all that is a relatively serious decision).

*at 8

Remember, you get baptized __at 8__. If you're a male, you get the priesthood at __12__. You're talking about consent and volunteering that information. There's a reason we legally don't allow people that young to give consent. The way you are framing this conversation to me is rather disgusting. You are saying that it is my fault that the church has my information. The church has my information because __I was born into it__. Yeah, I believed at 8. I even believed at 16.

This also doesn't explain how the church has continually had my address as I've moved hundreds of miles across the country multiple times. And the issue is that every time these missionaries come I tell them I don't want to be contacted. I've talked to several bishops about being removed. They all said I won't be contacted. Then I move, and it starts over. So forgive me if I feel like I'm being stalked. I know many ex members who share this experience.

So if you agree that we should be removed, don't blame us. Maybe, instead, there is a systematic problem. Because as it stands, every time a missionary knocks on my door saying "Brother Godelski", I hate the church a little more. I don't blame missionaries. They are welcome to food, water, and to use my bathroom (they have a tough job). But I tell them there is no teaching (and I don't try to pressure them out either).

So what do I do? Do I be hostile to the messenger? (I don't have that in me) Because this has been happening for over a decade, over 4 states, and over a dozen residences. So forgive me if I don't take your message lightly. I don't know how to be more clear.

Edit (in response to your edit):

> In that light, it would be crazy for a random hometeacher/ministering member to knock on your door, hear you say "remove me from your list", and interpret that as full authorization to remove your record completely.

To me, this sounds crazy. No means no. No does not mean maybe. No means no. If someone wants to call me and say "Hey, the missionaries said that you wanted to be removed from the records, is that true?" I'd be okay with that. But saying that "no means maybe" is spitting in the face of those trying to leave.

Re: The vast but little-known fund of the Mormon Church

#338

Earlier quoted context omitted.

I can second this. I left over a decade ago. I've moved through four states, and probably a dozen addresses in that time. This is the first year where missionaries have not shown up at my door. I always had the same conversation with them: "Elders, I left the church for a reason and have no desire to come back. If you ever need water or to use the restroom, you are welcome to come by. I understand that what you are d…

I can third this. I left about 7 years ago. I have moved from Wisconsin, to North Carolina, to Virginia, to Texas, and then to Washington. The Mormon church managed to find me each time. (I briefly moved to Pennsylvania for work for about 6 months between living in NC and VA, and that was the one time they never found me). I have always rejected all attempts to "re-activate" me. I have never provided notice of my lea…

FWIW, my friend was able to have her name completely removed from the membership rolls, and she was never visited after that except by random missionaries who didn't know who she was. Nobody she talked to in the church told her of the existence of this process, even when she was directly begging to be completely forgotten and never bothered again, which makes it sound like a conspiracy theory or an urban legend, but it exists, and it works. My guess is they had to set it up to comply with a law or fulfill the terms of a settlement. You'll have to look for it online, because I forgot the name of the process and who helped her with it, but any of the online ex-Mormon support groups should be able to point you in the right direction.

Re: The vast but little-known fund of the Mormon Church

#339
post #9

That is just what is uncovered in the investment market with one subsidiary. They also own 2% of Florida[0], huge land tracts in Argentina, Oklahoma and elsewhere, and attractive urban real estate in most major metropolises including apartment complexes in PA. They centralize donation collection of tithes and good will offerings such that about 8% stays back at congregations (based on personal observation as the fina…

> It's an organization which does not allow you to leave with your dignity intact. This is definitely not true. As a Utah native and one who left for my own reasons and still has family in the church, I would say that this statement is completely false. The Mormon church does not practice nor endorse any doctrine relating to shunning or harassment. Just because you left with some personality conflicts and bad terms w…

My experience leaving was as follows. I don't feel bad nor bitter but it did have some negative repercussions.

I knew at 13 I did not believe and didn't want to follow but was forced to continue attending and forbidden to speak about my lack of belief to siblings. Come 18 I was suggested to move out which I happily did. My father sort of eventually accepted but would try to slip in religious sermons when he could. My mother on the other hand freaked completely out. Parents took all pictures of me down in the house leaving pictures of siblings. They gave a piece of property my non-Mormon grandfather left me to my brother with my mother calling and explaining they were doing this because I had left the church and she had never forgiven her mother and brother from leaving. Pretty rough but I got over it. Luckily I never built much social identity around the church so that was less of an issue. Also I left young and at 18 who cares what your parents think because they are stupid anyway :).

I don't think ostracism or social punishment is official policy but it is there in practice and likely very pronounced for some people.

I still have a sister and brother who are very and irrationally hostile towards me but the other siblings are friendly enough and seem ok. I don't talk about church nor discourage their belief, I simply don't participate. Mom never did get over it and we were never close again until her death. Sometimes she would call me saying crazy things but I didn't hate or resent her for it, I understand where they are coming from, in my belief they are mistaken and deluded and behaving improperly but hey people do that in many venues.

I felt like my leaving was a threat to a carefully constructed fragile synthetic narrative for people close to me who chose to remain. Even though I never actually argued against nor condemned the religion.

I suppose I should feel worse about the whole incident but what I really feel is a sort of pity. Like someone would feel for an alcoholic or drug addict desperately rationalizing their destructive behavior. I don't hate the church nor resent the behavior of family members. I understand, besides what they think has little bearing on my world at this point. Very happy I left early though. I imagine the process as an adult married with kids even is quite an emotional slap. I don't want to tell others what to do. If people are happy claiming to believe those things I'm ok with it. But I won't do any such thing even if it means social problems.

Re: The vast but little-known fund of the Mormon Church

#340
post #67

Earlier quoted context omitted.

Religious orgs are a time-tested model for providing sustainable and widespread social cohesion, which is a huge positive externality and also protects the most vulnerable against marginalization and oppression. The tax exemption seems obviously warranted on that basis alone, even abstracting away from any of the more visible charity work or social support that these orgs usually provide.

As a gay man, I can tell you that churches did not help protect me from oppression growing up. Quite the opposite. Your assertion about positive externalities seems highly suspect to me, and dependent on the institution. Charities also often have positive externalities, but they have far more regulation than churches. Again, why the special treatment? The social cohesion aspect of churches is gone at this point as we…

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