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12 Aug

Insight: Mormon church made wealthy by donations

SAN FRANCISCO (Reuters) - If the Mormon church were a business, wealthy adherents like Mitt Romney would count as its dominant revenue stream. Its investment strategy would be viewed as risk-averse. It would also likely attract corporate gadflies protesting a lack of transparency. They would call for less spending on real estate and more on charitable causes to improve membership growth - the Mormons’ return on investment. Those are a few of the conclusions that can be drawn from an analysis of the church’s finances by Reuters and University of Tampa sociologist Ryan Cragun. …

Original post by Reuters and software by Elliott Back



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