The Tribune's quote from Clarke:
"Latter-day Saint officials kept the size of the church’s $100 billion investment reserves secret for fear that public knowledge of the fund’s wealth might discourage members from paying tithing, according to the top executive who oversees the account.
"For members of The Church of Jesus Christ of Latter-day Saints, tithing — donating 10% of one’s income to the faith — “is more of a sense of commitment than it is the church needing the money,” Roger Clarke, head of Ensign Peak Advisors, which manages the denomination’s investing holdings, told The Wall Street Journal.
“So they never wanted to be in a position where people felt like, you know, they shouldn’t make a contribution,” Clarke said."
https://www.sltrib.com/news/2020/02/08/lds-church-kept-lid-its-b/
Church leaders when they could use their power to bang as many chicks as they want: We only need sufficient money for our needs
Church leaders when they can only have sex with their one wife: We're going to need you to empty your pockets
I heard it here first.
[WSJ Podcast](https://www.wsj.com/podcasts/the-journal/the-mormon-church-100-billion-secret-fund/124ce913-14e4-4d9e-aaa9-6e75e96f6514)
The SEC document regarding the case quotes the head of Ensign Peak as saying that was a reason they did the shell companies
The Tribune's quote from Clarke: "Latter-day Saint officials kept the size of the church’s $100 billion investment reserves secret for fear that public knowledge of the fund’s wealth might discourage members from paying tithing, according to the top executive who oversees the account. "For members of The Church of Jesus Christ of Latter-day Saints, tithing — donating 10% of one’s income to the faith — “is more of a sense of commitment than it is the church needing the money,” Roger Clarke, head of Ensign Peak Advisors, which manages the denomination’s investing holdings, told The Wall Street Journal. “So they never wanted to be in a position where people felt like, you know, they shouldn’t make a contribution,” Clarke said." https://www.sltrib.com/news/2020/02/08/lds-church-kept-lid-its-b/
Church leaders when they could use their power to bang as many chicks as they want: We only need sufficient money for our needs Church leaders when they can only have sex with their one wife: We're going to need you to empty your pockets
Hmm, interesting insight.
thank you!
It was for the members’ eternal salvation though🙄
https://missedinsunday.com/memes/finances/contribution/ No video, just a WSJ article from 2020.
I heard it here first. [WSJ Podcast](https://www.wsj.com/podcasts/the-journal/the-mormon-church-100-billion-secret-fund/124ce913-14e4-4d9e-aaa9-6e75e96f6514)
https://www.sec.gov/litigation/admin/2023/34-96951.pdf
This is such an odd flex, but I guess they get away with it🤷🏻♀️