The Mormon Church is winning the money game and true to form, doing so quietly.
That’s a lot of dinero. But, what to do with it? Expect tithing to continue at 10%, even as the return on the investment begins to dwarf the new tithes coming in, and keep squirreling it all away until direction is received from the Prophet?
From time to time, church leaders in the ecclesiastical arm that oversees Ensign Peak arranged lunch meetings with Ensign Peak employees. During Q&A sessions at the end, employees sometimes asked what the money might be used for, according to one of the former employees, who attended.
Church leaders responded by saying they wanted to know that, too, according to this person.
“It was so amorphous,” the former employee said. “It was always, ‘When we have direction from the prophet.’ Everyone was waiting, as it were, for direction from God.” The prophet is the president of the church.
Or is it time to put the returns to work, and offer individual church members more personal direction with their tithes?
But Sam Brunson, a church member and tax law professor at Loyola University, said he wished church officials would use the $100 billion to help those in need today.
“They could go a good way to eradicating malaria, or fix Puerto Rico’s electrical grid,” he said. Alternatively, he said, the church could change what it considers tithing, allowing members to give 10% of their income to charity, rather than to the church itself.
A giant pile of money is usually good problem for any person or business to have. Is that true for a church as well?