Mormon Newsroom
News Release

First Presidency Statement on Church Finances

Statement provided in response to media stories

We take seriously the responsibility to care for the tithes and donations received from members. The vast majority of these funds are used immediately to meet the needs of the growing Church including more meetinghouses, temples, education, humanitarian work and missionary efforts throughout the world. Over many years, a portion is methodically safeguarded through wise financial management and the building of a prudent reserve for the future. This is a sound doctrinal and financial principle taught by the Savior in the Parable of the Talents and lived by the Church and its members. All Church funds exist for no other reason than to support the Church’s divinely appointed mission.

Claims being currently circulated are based on a narrow perspective and limited information. The Church complies with all applicable law governing our donations, investments, taxes, and reserves. We continue to welcome the opportunity to work with officials to address questions they may have.

Additional Resources

Church Finances and a Growing Global Faith (Including Q&A)

Presiding Bishop Gérald Caussé: "The Spiritual Foundations of Church Financial Self-Reliance"

Presiding Bishop Gérald Caussé: "In the Lord’s Way: The Spiritual Foundations of Church Financial Self-Reliance" (Full Transcript)

Style Guide Note:When reporting about The Church of Jesus Christ of Latter-day Saints, please use the complete name of the Church in the first reference. For more information on the use of the name of the Church, go to our online Style Guide.