Money is fungible.

Nov 21, 2020
8:35:12am

Snipe All-American

Money is fungible.

So if it is used for one thing, there is some left over for another. Yeah, maybe not out of the tithing "pot," but in reality there is no meaningful difference. They are not totally independent systems.

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Snipe

Bio page: Snipe
Joined: Jul 17, 2002
Last login: Apr 23, 2024
Total posts: 26,992 (127 FO)

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Messages

Author

Time

Tom said the athletic dept doesn't take tithing money, ok fine I get that

YNWA

11/21/20 8:29am

Money is fungible.

Snipe

11/21/20 8:35am

Money can be exchanged for goods and services.

Fake Gary Sheide

11/21/20 10:42am

I can’t not read that in Homer’s voice.

XORCoug

11/21/20 11:24am

Fungible! Whenever I see /hear that word I think, what went into its creation?

LEDSFW

11/21/20 12:03pm

They subsidize tuition enough to understand why athletics doesn’t get any direct funds.

Turnpike Lane

11/21/20 8:36am

The church has over 100 Billion dollars sitting in just ONE investment fund

Zastava

11/21/20 8:40am

No they don’t. That released info didn’t even allege that.

Turnpike Lane

11/21/20 12:17pm

its at least $70B. $37B from Ensign Peak, and $33B from 13 other shell companies

Rooney

11/22/20 5:01am

And most of those most likely own non income generating properties

Turnpike Lane

11/22/20 9:25am

Do something with the money! Really it should be for humanitarian efforts that

DoseOfReality

11/21/20 8:46am

BYU sports has done more to normalize the public image of the church...

Zastava

11/21/20 9:06am

That positive publicity would change as soon as tithing money went to football.

ditch

11/21/20 9:43am

agreed - both inside and outside of the church

HarlemCoug

11/21/20 10:06am

who said anything about tithing money? but maybe thats what they are concerned

ColonelMustard

11/21/20 11:15am

Before the Church pumps billions of dollars into BYU football, they'd probably

panguitch

11/21/20 9:51am

The church wouldn’t need to pump “billions“ into BYU Athletics.

Zastava

11/21/20 10:00am

I think that Football and Basketball should keep the money they make.

ParentingNotForSissy

11/21/20 10:07am

^^Doesn’t understand how collegiate athletics operate.

Zastava

11/21/20 10:27am

Even if football and basketball kept $5 million, they are still underfunded.

ParentingNotForSissy

11/21/20 3:44pm

Excellent observation

Happy As Larry

11/21/20 11:39am

I agree. How many Seventh Day Adventist University's can you name?

ParentingNotForSissy

11/21/20 9:59am

RE: I agree. How many Seventh Day Adventist University's can you name?

85fan

11/21/20 10:09am

RE: I agree. How many Seventh Day Adventist University's can you name?

TruBluThruNThru

11/21/20 11:20am

Yep, my little brother was born in an Adventist Healthcare hospital

DMVCougar

11/21/20 7:56pm

This has been my experience! But the conversation was about a Cosmo stunt 🙂

ThomasQKelly

11/21/20 9:36pm

I think this is more true if we are Independent.

HenderCoug

11/22/20 8:39am

Better yet build an endowment and finance your charity in perpetuity with the

RobDog

11/21/20 9:06am

“Hoarding the money” is an unfair characterization.

MormonThug

11/21/20 9:18am

I don’t know what I’d call it if not “hoarding”.

Zastava

11/21/20 9:53am

Rainy day fund?

ParentingNotForSissy

11/21/20 10:03am

A rainy day fund larger than the GDP of many entire nations?

Zastava

11/21/20 10:23am

Yup. It was really useful this year. Worse will happen sometime.

ParentingNotForSissy

11/21/20 10:28am

Useful? How?

Zastava

11/21/20 10:29am

RE: Useful? How?

Kolipoki

11/21/20 10:38am

Lol. That represents a tiny, tiny fraction of the church’s stash.

Zastava

11/21/20 11:10am

😂😂😂 you asked how the Church’s vast wealth has been useful.

Kolipoki

11/21/20 3:46pm

We know the church is worth literally hundreds of billions. It should be giving

Zastava

11/21/20 3:56pm

No we don't know, but...

TriForce

11/21/20 5:31pm

We don’t know exactly how much the church is worth, but we know it’s at least

Zastava

11/21/20 5:44pm

Don't feel guilty if you don't contribute. That's not the intension.

ParentingNotForSissy

11/21/20 7:42pm

I don’t think it should be temporary, more people know about the church because

Joe

11/22/20 12:01pm

I, for one, sleep better at night knowing the church has a massive fund

Puma14

11/21/20 9:20am

And if in 15 years the economy collapses, it will be “why didn’t the church

Alister Mackenzie

11/21/20 9:33am

I believe Joseph advised Pharaoh to "hoard" as well. Look where that got him.

panacablue

11/21/20 10:28am

No football team, gladiators and even padded seats in the amphitheaters removed

Ripliancum

11/21/20 10:57am

Think about what happens when someone goes to a bishop for financial help.

XORCoug

11/21/20 9:27am

34 Temples Announced, 29 Under Construction, 8 Under Renovation

lmcmlarsen

11/21/20 9:37am

Here’s my issue with not using church funds (interest and revenue from investments and the like): the church has said

46in96

11/21/20 9:46am

Football and Basketball do not need to fund other sports.

ParentingNotForSissy

11/21/20 10:17am

I’m not arguing the logic of City Creek as an investment... I’m saying the notion that church only uses their money for

46in96

11/21/20 11:07am

RE: Here’s my issue with not using church funds (interest and revenue from

Kolipoki

11/21/20 10:46am

Are you sure about that? Doesnt Utah and SLC have pretty strict ordinances and laws that prevent a high concentration of

Zach Morris

11/21/20 11:13am

It’s true. Some people’s entire life is to give the Church the middle finger.

CaliWG

11/21/20 4:56pm

The brethren, have frequently touted that projects have not used any tithing

Idahofallsblue

11/21/20 10:03am

The mall will probably make money over time.

Count Cougar

11/21/20 10:13am

The tithing vs non-tithing distinction is meaningless and silly

reddead

11/21/20 10:35am

RE: The tithing vs non-tithing distinction is meaningless and silly

85fan

11/21/20 10:41am

Yeah I think people underestimate how much has been given to the church and the

Idahofallsblue

11/21/20 10:46am

Fair, but see point #1; they couldn't invest that without tithing

reddead

11/21/20 11:44am

True but that’s the way everything works.

Idahofallsblue

11/21/20 12:25pm

If tithing money has been invested, then it's tithing money

reddead

11/21/20 12:44pm

So they can’t keep accounts separate?

Idahofallsblue

11/21/20 12:53pm

Do you have any evidence to suggest that they do?

reddead

11/21/20 6:44pm

We don’t have evidence either way

Idahofallsblue

11/21/20 6:49pm

Since the Church no longer publishes financials, it's tough. But there is evid.

reddead

11/21/20 7:21pm

i think hes trying to say

Rooney

11/22/20 5:20am

Not entirely

dratax

11/21/20 12:37pm

Since you're familiar with that era, tell me how the Church survived 1893?

reddead

11/21/20 7:11pm

It would be interesting to know how much each of you critics have sent to BYU in

Jasbo

11/21/20 10:53am

disagree. only considering ideas from a certain group

Rooney

11/22/20 5:27am

If we want it we've got to shell out more of our own bucks. Thanks if you do

Ripliancum

11/21/20 10:59am

If you don’t support the Prophets decisions on finances, is that apostasy?

Bullrider

11/21/20 11:13am

BYU Athletics is incredibly well funded compared to its peers. I’m was happy to

Tango

11/21/20 11:55am

Pretty funny thread. So much incorrect information starting with the church

BlackBart

11/21/20 3:35pm

RE: Tom said the athletic dept doesn't take tithing money, ok fine I get that

Emmett Fitz-Hume

11/21/20 5:06pm

They invest any extra tithing money and have for decades. The funds are still

TailgateU

11/21/20 7:30pm

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