Church finances: Presiding Bishopric offers unique look inside financial operations of growing faith


The Presiding Bishopric of The Church of Jesus Christ of Latter-day Saints has provided more insight into the finances of the global faith and how tithing and donations are used.

The Church of Jesus Christ of Latter-day Saints nears $1 billion a year in fast-growing humanitarian, welfare spending

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.

But 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. Davies and Bishop W. Christopher Waddell. 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.

“It’s no surprise we are talking about billions of dollars,” Bishop Caussé said. “Nobody should be surprised, given the number of members, millions of members, 16 million members in so many countries. 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.”

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.

To the contrary, church leaders said it is fulfilling its mission to care …read more

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