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For what purpose does the church have for-profit entities and investments?
by alphabettsy 5y ago
For what purpose does the church have for-profit entities and investments?
- finite_jest 5y agoSo that the whole organization can sustain in the long run. Universities generally do the same, they have endowments and they invest them for profit. For example, Harvard's endowment was valued at $53.2 billion as of June 2021. [1] [1]: https://en.wikipedia.org/w/index.php?title=Harvard_University_endowment&oldid=1051115130 https://en.wikipedia.org/w/index.php?title=Harvard_Universit...
- alphabettsy 5y agoI’m asking specifically about the Mormon church. What is the purpose and what do they do with the money?