The church’s investment arm, Ensign Peak Advisors, reportedly has grown to $100 billion, a figure claimed by the brother of a former worker at Ensign Peak. To the contrary, church leaders said it is fulfilling its mission to care for the poor, spread the gospel of Jesus Christ around the world, strengthen the spiritual foundation of its members and live the principles of self-reliance it teaches to all. The bishopric gave a unique look at the breadth and depth of the financial dealings of the global faith in a sit-down interview with the Deseret News and Church News two weeks after the bishopric spoke to The Wall Street Journal (subscription required) answering critics’ charges that the church is amassing wealth. Boyd and Chapman: The Washington Post says the Church of Jesus Christ has billions.Church responds to allegations made by former employee in IRS complaint.What the Presiding Bishopric has to say about the finances of the Church and the faith of its members.This is a church that has become quite large, and so there’s a large budget, and we are grateful for that because that’s an opportunity to expand the reach of all the good that the church can do around the world.” “Nobody should be surprised, given the number of members, millions of members, 16 million members in so many countries. “It’s no surprise we are talking about billions of dollars,” Bishop Caussé said. Those represent just one function of a sprawling global faith that funds 30,000 congregations, more than 200 temples and educational opportunities for hundreds of thousands of students while also providing food, clothing and shelter for hundreds of thousands of people a year. SALT LAKE CITY - The Church of Jesus Christ of Latter-day Saints doubled its humanitarian spending over the past five years and now annually provides nearly $1 billion in combined humanitarian and welfare aid, the church’s Presiding Bishopric said this week in a rare interview.īut the church’s work and missions cannot be reduced to its humanitarian spending and charity efforts, said Presiding Bishop Gérald Caussé and his counselors, Bishop Dean M.
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