![]() The investment increased local economic activity during a financial downturn and attracted visitors and residents to Salt Lake City’s historic downtown. With its investment in City Creek (a mixed-use development that includes retail space, residential units, office space and parking), the Church enhanced the environs of Temple Square and underscored a commitment to Salt Lake City, Utah, where it is headquartered. Another example is the Church’s participation in the development of downtown Salt Lake City. Hinckley stated that “we have felt that good farms, over a long period, represent a safe investment where the assets of the Church may be preserved and enhanced, while at the same time they are available as an agricultural resource to feed people should there come a time of need” (“The State of the Church,” Ensign, May 1991, 54). Investments can be accessed in times of hardship or to meet the emerging needs of a growing, global faith in its mission to preach the gospel to all nations and prepare for the Second Coming of Jesus Christ (see Gérald Caussé, “In the Lord’s Way: The Spiritual Foundations of Church Financial Self-Reliance,” Church Newsroom, Mar. These funds are added to Church reserves, which include stocks and bonds, taxable businesses, agricultural interests and commercial and residential property. ![]() In addition to food and emergency supplies, the Church also sets aside funds each year for future needs. The Church applies this same principle in its own savings and investments. “Church members are taught to “gradually build a financial reserve by regularly saving ” (Providing in the Lord’s Way: Summary of a Leader’s Guide to Welfare, 2). The Church is a steward of the tithes and generous donations provided by its members, and it practices the principles it teaches - avoiding debt, living within a budget and preparing for the future.įollowing sound financial principles over an extended period of time, the Church has grown from meager beginnings into a worldwide organization able to support its divine mission. ![]() The Church is not a financial or profit-making institution it uses resources to carry out its divinely appointed mission. The Church of Jesus Christ of Latter-day Saints has a singular purpose: to invite all people to come unto Christ.
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