Rainy day fund?

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Nov 21, 2020
10:03:04am

ParentingNotForSissy 3rd String

Rainy day fund?

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ParentingNotForSissy

Previous username: skardem
Bio page: ParentingNotForSissy
Joined: Jun 25, 2014
Last login: Apr 25, 2024
Total posts: 1,608 (40 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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