The 3-Minute Rule for Church Real Estate

The Greatest Guide To Church Real Estate


It also serves as a searching preserve with a game population of 4,000 deer, 500 antelope and 500 moose. The church likewise has enormous holdings in Washington state, consisting of the state's largest irrigated farm, where it grows corn, wheat and potatoes on 34,000 acres along the Columbia and Snake rivers. church real estate.




The church also has devoted substantial funds to financial investments in Midwestern farmland. It has accumulated at least 38,540 acres of farmland in Iowa, Illinois, Missouri and Indiana. Most of the land has actually been bought because the 1970s, in parcels of 200 or 300 acres. In 1989, the church paid about $14 million for 70,000 acres of ranchland in Oklahoma and Kansas, where its Sooner Land and Animals Co.


In 2015, it purchased a 38,000-acre Nebraska cattle ranch for $3. 8 million. These cattle ranches are some of the most recent additions to a ranching portfolio that consists of big holdings across Western states, an 88,000-acre cattle ranch in Alberta, Canada - even cattle ranches in New Zealand and Argentina. John Creer, who directs the church's Farm Management Co., stated the church purchases farmland because it is "a good place to put savings-account money." He said most of the land is rented to farmers.


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"You take a part of your reserve fund and put it in a concrete possession. Amongst the number of concrete assets that are readily available to pick from, our leadership is very comfy with farmland." Gordon B. Hinckley, first counselor to church President Ezra Taft Benson, discussed the approach during a speech in January.


However Mangum said that well before the war, the church put out of work members to deal with its farms. "And even today, when they have the majority of their land rented out, they consider it as a strategic reserve," Mangum said. "If some type of calamity happened and we required to go back to the soil, the land would exist." Mormon bibles include doctrinal factors.


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In 1990, the church paid more than $10 million for 3,265 acres of farmland in Jackson County near Self-reliance. The church currently had purchased at least 11,200 acres in the area. Over the previous ten years, the church has purchased 2,450 acres in Daviess County, Mo., where Mormon doctrine states Christ will appear to receive the "keys of the kingdom" from Mormon authorities.


The Arizona Republic ultimately analyzed more than 500 services in its efforts to identify the ones that are under the control of or are financed by The Church of Jesus Christ of Latter-day Saints. The Republic offered church officials with a draft of this chart so they would have a chance to see post fix misinformation.


should not be interpreted as an endorsement by the church of the overall accuracy of the series. The church has actually not confirmed the financial figures. Nor has it confirmed details. obtained from sources other than the church." ***** ORIGANIZATIONAL CHART: Ezra Taft Benson, President Gordon B. (For church employees) Employs: 195 Income: $98. 9 million Salt Lake City DESERET TRUST ($ 100 million in properties managed in charitable trusts) Uses: 11 Income: $570,000 Colorado DESCO & CO. (Colorado subsidiary) California DESCAL & CO. (California subsidiary) Salt Lake City BROWN & CO. (Utah subsidiary) Salt Lake City FOREIGN LANDS CORP.


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7 million from church Provo, Utah KBYU-TV KBYU-FM (Campus broadcasting stations) Provo, Utah BYU-HAWAII (2,000 trainees) Assets: $101. 6 million Income: $32. 7 million, consisting of $18. 3 million from church Provo, Utah LDS BUSINESS COLLEGE (968 trainees) Assets: $$ 2. 4 million Profits: $2. 4 million Oahu, Hawaii POLYNESIAN CULTURAL CENTER this hyperlink (Living-history tourist attraction) Assets: $23 - church real estate.




6 million Oahu, Hawaii CULTURAL CENTERS RESIDENCES, INC. (Taxable sales entity) Rexburg, Idaho RICKS COLLEGE (7,600 students) Assets: $103. 9 million Income: $42. 9 million, consisting of $23 million from church Rexburg, Idaho KRIC RADIO helpful site Salt Lake City LDS SOCIAL SERVICES (Counseling and adoptive services for members) Virginia LDS SOCIAL SERVICES OF VIRGINIA Massachusetts LDS SOCIAL SERVICES OF MASS.


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NAUVOO REMEDIATION (Manages remediation of church historical site) Salt Lake City LDS FOUNDATION (Contributions from taxable entities to non-LDS charities) Salt Lake City CHURCH OF JESUS CHRIST OF LDS FOUNDATION (Raises funds for schools) Income: $31,000 Nauvoo, Ill. DESERET INTERNATIONAL CHARITIES (Distributes funds for global church operations) Salt Lake City DESERET MANAGEMENT (Parent business for the majority of profit-making subsidiaries) Salt Lake City BONNEVILLE INTERNATIONAL CORP.




of Bonneville chain) Assets: $137,497,000 Employs: 1500 Sales: $164,000,000 Salt Lake City BONNEVILLE MEDIA INTERACTION (Marketing Agency) Employs: 15 Sales: $600,000 Salt Lake City BONNEVILLE ENTERTAINMENT (Support for productions) Utilizes: 5 Salt Lake City BEC REAL ESTATE (Sells property) Chicago BONNEVILLE BROADCASTING SYSTEM (Sells radio formats) Utilizes: 20 Sales: $1 (church real estate).


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( Television station moms and dad business) Uses: 400 Sales $32 million Seattle KIRO-TV (Television station) Sales: $114 million Seattle KIRO-AM KSEA-FM (Radio Stations) $23. 6 million Seattle THIRD AVE. PRODUCTIONS (Tv production co.) Salt Lake City KSL (Moms And Dad Co.) Salt Lake City KSL-TV (Television station) Salt Lake City KSL-AM (Radio station) Salt Lake City VIDEO WEST NETWORK (Television & film production) Uses: 65 Salt Lake City KEYSTONE COMMUNICATIONS (33% interest, satellite tv transmission) Sales: $25 million New york city City WNSR-FM (Radio station) Utilizes: 40 Sales: $1.

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