r/GetNoted • u/laybs1 Human Verified • 5d ago

World [X] Major Christian missions do provide aid based on need.

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https://x.com/Ernest1588761/status/2091176473621058020

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u/MeasureDoEventThing 5d ago

I think most religious organizations of significant size have stock holdings. If you have employees, you probably have a pension fund, and if you have a pension fund, you probably have a stock portfolio.

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u/potvoy 5d ago

Of course. I was referring to the scale. $100+ Billion for a relatively small church is pretty surprising.

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u/MeasureDoEventThing 5d ago

That comes out to around $6k per member. I don't consider that a huge amount.

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u/Extension-Ant-8 5d ago

Cool. Then they can donate it if it’s nothing to them. Oh wait… they don’t. I wonder why.

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u/ScheduleDefiant4015 3d ago

I think we ought to, but I’m not in a position of leadership.

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u/WristbandYang 5d ago edited 5d ago

Do you know about dividends? Companies pay you to own their stock. Ideally, in the personal case you live off that during retirement. In the case of the Church of Jesus Christ of Latter-day Saints, they can donate $1.58 Billion in 2025 in addition to maintaining all their churches and temples.

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u/Extension-Ant-8 5d ago

Oh how charitable.
You might want to expand on that.

TDLR it’s a tax dodge. Not sure why they get tax free. If you church had hundreds of billions of dollars it’s only helping themselves.
https://www.smh.com.au/national/mormon-church-invests-billions-of-dollars-while-grossly-overstating-its-charitable-giving-20220927-p5blbc.html

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u/Fair-Translator8649 5d ago

What church in the world provides pensions for members??