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Finances of The Church of Jesus Christ of Latter-day Saints (LDS Church) are similar to other non-profit and religious organizations, where the principal source of funding comes from the donations of its members and the principal expense is in constructing and maintaining facilities. When the LDS Church takes in more donations than it pays out in period expenses, it uses the surplus to build a reserve for capital expenditures and for future years when period expenses may exceed donations. The church invests its reserve to maintain the principal and generate a reasonable return and directs its investments into income-producing assets that may help it in its mission, such as farmland- and communication-related companies (see below) and malls. The LDS Church has not publicly disclosed its financial statements in the United States since 1959.〔Stack, Peggy Fletcher. ("Order to release financial data has LDS Church, courts on collision course" ). ''Salt Lake Tribune''. July 13, 2007. Accessed 13 July 2007.〕 The church does disclose its financials in the United Kingdom〔()() - provided by the Charity Commission based on the Charities Act〕 and Canada〔()〕 where it is required to do so by law. In the UK, these financials are audited by the UK office of PricewaterhouseCoopers. The LDS Church maintains an internal audit department that provides its certification at each annual general conference that contributions are collected and spent in accordance with established church policy. In addition, the church engages a public accounting firm (currently Deloitte & Touche) to perform annual audits in the United States of its not-for-profit,〔"Why Deseret Trust Company?" http://www.lds.org/deserettrust/why.html. Accessed 15 May 2007.〕 for-profit,〔Belo Corp Form 8-K. http://sec.edgar-online.com/1995/04/10/00/0000950134-95-000692/Section3.asp. Accessed 16 May 2007.〕 and some educational〔"Financial Planning". finserve.byu.edu. http://finserve.byu.edu/files/archives/Handouts/November%202005/Finance%20Section%20Draft%207-Without%20Requirements.doc. Accessed 16 May 2007.〕〔"Finance". accredit.byu.edu. See page 9 of pdf document available at http://accredit.byu.edu/resources/selfstudy/Standard_7.pdf?lms=30. Accessed 16 May 2007.〕 entities. == History == In the 1880s and '90s, the LDS Church fell into severe financial distress due to several factors that were exacerbated by the nationwide economic depression that began with the Panic of 1893. Under the provisions of the anti-polygamy Edmunds–Tucker Act of 1887 which were upheld in the 1890 Supreme Court ruling Late Corporation of the Church of Jesus Christ of Latter-Day Saints v. United States, the U.S. government had confiscated LDS Church property, including tithing money donated by members (real estate such as churches and temples was never seized, though the Edmund-Tucker act allowed for such seizures). Additionally, the LDS Church had borrowed extensively to finance a variety of infrastructural developments such as gristmills and after the 1893 financial crisis the LDS Church was unable to make timely payments on their loans;Wilford Woodruff, Church President from 1889-1898, privately expressed doubt that the Church would ever pay its debts.〔Taylor, Samuel W. (1978). ''Rocky Mountain Empire: The Later-Day Saints Today''. NY: Macmillan Pub. Co., Inc., 1978, p.65-69.〕 Eventually the LDS Church obtained the backing of investment bank Kuhn, Loeb & Co. to issue bonds backed by the labor of Utah residents.〔 By the time Lorenzo Snow became Church president in 1898, the church was $2.3 million in debt.〔"Lorenzo Snow". http://historyofmormonism.com/2008/07/08/lorenzo_snow/ Accessed 2013-04-03. 〕 Snow reemphasized the payment of tithing (giving 10% of one's income to the church) and by 1907 the church was completely out of debt and since then has not used debt to fund its operations, even for capital projects.〔 An early pioneer venture of the LDS Church was ZCMI which lasted from 1868 to divesting ZCMI Center Mall in 2007. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Finances of The Church of Jesus Christ of Latter-day Saints」の詳細全文を読む スポンサード リンク
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