Frankly, some members ought to study the doctrine a little better. For this article, we scanned Ensign Peak Advisors 13F filings for the third quarter of 2022 and picked the top 15 positions of the fund. Marriott International is a worldwide chain of hotels and resorts based in Maryland in 665 locations. Generally, businesses that serve the church or its members directly for religious or service purposes are non-profit companies. All of their sons are Eagle Scouts and served LDS missions. Thats why Im here too! With an over 4% dividend yield, COP is a solid dividend payer, which also increased its payout in November last year. Here are some of the companies included in the list: Moroni Channel is one of the leading independent religious media based in Utah, USA. Moroni Channel is an independent media based in the United States of America. It makes me sick. HELP THESE PEOPLE STOP THINKING ABOUT YOUR OWN POCKETS. The churchs legacy in the Beehive State has given it somewhere around $5.3 billion yes, a third of the overall value in the database in land across the state, including at least $3 billion in property stretching from Ogden to Provo. Its a mediator of electronic transfer of funds visa debit, visa, and prepaid cards across the globe. FREE FOR THE REST OF THEIR LIVES. What companies do the LDS Church own? In terms of acreage, the properties listed though likely undercounted and undervalued exceed several estimates by scholars of the faiths domestic landownership. The next two biggest sectors were health care, including Johnson & Johnson and Merck stocks; and financial services stocks such as Bank of America and Berkshire Hathaway. (Francisco Kjolseth | The Salt Lake Tribune) Property owned by The Church of Jesus Christ of Latter-day Saints in downtown Salt Lake City, clockwise from top left: The City Creek Center mall; an office building on Social Hall Avenue; the Church Office Building; and the Brigham Apartments on South Temple. The new program will be in effect after the completion of Mastercard Incorporated (NYSE:MA)s existing $8 billion buyback program. (John Raoux | AP) Cowboys herd cattle from one pasture to another at the LDS Church-owned Deseret Ranch in Deseret Ranch, Fla., in 2015. He has given millions to the church. I know everyone wants to make money but what the heck. Certainly he doesnt do all the work himself because he has hundreds of employees that he pays salaries to which is how companies work. It was so well attended that they ran out of food for the participants! A church subsidiary called AgriNorthwest recently outbid a Bill Gates-owned company with an offer of $209 million to buy Easterday ranch properties in eastern Washington out of bankruptcy. In media, the Mormon church owns Deseret Digital Media, a company that produces content for its multiple website properties and oversees their operations. While Latter-day Saints make up only about 1 of every 100 Americans, their church has built business holdings from near bankruptcy in the 1960s to rival those of some of the largest and wealthiest institutions in the world. (Tribune and wire photos) A collection of property across the United States owned by The Church of Jesus Christ of Latter-day Saints, clockwise from top left: An apartment building adjacent to the Philadelphia Pennsylvania Temple; the Church Office Building in Salt Lake City; an office complex in Richardson, Texas; a meetinghouse in Laie, Hawaii; undeveloped land in Riverton; and farmland near St. Based on acreage, agriculture makes the church one of the nations largest holders of farmland and ranchland and the countrys largest nut producer, centered on expansive orchards in Northern California. GME Stock Split in 2023 [Things You Need to Know], Shopify Stock Split in 2023 [Everything You Need to Know], Publix Stock Split in 2023 [Things You Need to Know]. A total of 146 hedge funds tracked by Insider Monkey reported having stakes in Mastercard Incorporated (NYSE:MA) as of the end of the third quarter. "If it goes up, I'll short more," Miller added. Aristotle Atlantic made the following comment about Thermo Fisher Scientific Inc. (NYSE:TMO) in its Q3 2022 investor letter: Thermo Fisher Scientific Inc. (NYSE:TMO) is considered one of the worlds leaders in serving science. Germany. Thanks for the nice list. Nor is it clear what income is generated by its commercial properties, including substantial leasing income from office and retail tenants. Exxon Mobil Corporation (NYSE:XOM) has gained about 61% over the past 12 months. The Mormon Churchs fund has a $522 million stake in Walmart Inc. (NYSE:WMT), one of the most stable companies out there. He started The Blaze TV, News, and Radio Network from nothing and built it into a very powerful news and information network not to mention Mercury One which is the Charitable organization he started which raises millions of dollars annually for charitable needs around the world. A lot has happened with Glenn Beck since his days at Fox. Now Im finding out the Mormon church doesnt want to support the Boy Scouts Of America, I TOTALLY DISAGREE, WHAT HAS THESE YOUNG MEN WHO WANTS TO DO GOOD IN THEIR LIVES AND THE CHURCH TURNS THEIR BACK ON THEM!?!?!?! Between city jewels, lands for future homes and agricultural empires, the church appears to have a version of just about every other kind of parcel in between. Try InstaFire its better than a peck on the head with a sharp rock! What companies does the LDS Mormon Church own? Earlier, it was just a TV and radio network but has grown since then. Click to continue reading and see Mormon Church's 5 Biggest Stock Positions. Ensign didn't immediately respond to a request for comment from Business Insider. Just now Ive been doing some research, I was told at one time the church owned The Coke-Cola company plus many more. What assets does the Mormon Church own? (Liesbeth Powers | Special to The Tribune) An office complex in Richardson, Texas, owned by The Church of Jesus Christ of Latter-day Saints, photographed on March 30, 2022. he was known to sit on the back row of his companys planes, Utah Valley Magazine makes brief appearance on 'Studio C' Season 6 premiere, Provo School District weighing offer to sell Provo High. Look what they are doing for the community of Hamilton Missouri. There was a time where the heartbeat was difficult to find in downtown Mesa, Mayor John Giles said last fall in a church news release. It is Utahs oldest continuously published daily newspaper and has the largest Sunday circulation in the state and the second largest daily circulation behindThe Salt Lake Tribune. Truth & Transparency drew on a private, subscription-based commercial real estate data and research firm, Reonomy, whose algorithms correlated the records with thousands of other data points to confirm their ownership. He is no longer the CEO of the company, but during the almost decade he spent at the helm of the company, he was known to sit on the back row of his companys planes, which had seats that didnt recline, when traveling to demonstrate that serving the customer was more important that serving the CEO. Of course Glenn Beck needs to be included! No matter how many the author included, there would be more that he did not include, but if I wanted to read a book I would buy one! The Mormon Churchs investment fund has a $413 million stake in Merck & Co., Inc. (NYSE:MRK), one of the most notable pharmaceutical companies in the world. Everybody has a religion, unless they are promoting they are Mormons for some reason. Wonder if he paid the Church for using its materials for making money? Dont forget David Stirling CEO of DoTerra Essential Oils. When he became president and CEO in 1986, he was the youngest CEO of a Fortune 500 Company at age 42. I believe that all these amazing companies begun and developed by Mormons simply fulfills the covenant given to Abraham that through the House of Israel (who Mormons are), the inhabitants of the world would be blessed. ; Albany, Ga.; and Modesto, Calif. (where the church just announced plans to build a temple). Vaccine and healthcare products maker Johnson & Johnson (NYSE:JNJ) is also among the biggest holdings of the Mormon Church. Answer (1 of 3): Churches do not own companies. The answer is D. All the Above; these people have been blessed with peace and power, humility and position, grace and abundance. The report said that David A. Nielsen, the whistleblower who revealed the multi-billion dollar secret of the Mormon Church, was of the view that the church should be transparent about its finances. I applaud all who, wealthy, indigent, or somewhere in between, use their abilities and resources to build up and expand Zion, to respond to our Lords mandate to relieve suffering, or just plain make the world a better placeone smile, hug, laugh, dance, artwork, ear-bending, walk, ride, treatment, repair, or kindness at a time. Why not mention IHC and United Health care? Over the past 6 months, Walmart Inc. (NYSE:WMT) has gained about 17%. You forgot InstaFire. When staying in a Marriott in Paris several years ago we channel surfed into very offensive pornographic programming. Lucrative office buildings also abound, including a $106 million complex in the Dallas Fort-Worth area that one of the churchs property arms leases to aerospace and defense firm Raytheon. The hospitality company has more than 4,000 properties in more than 80 countries and territories. 1841. In 2020 it managed about $100 billion in assets. The Church of Jesus Christ of Latter-day Saints owns the Deseret Management Corp., which is the church's holding company with such diverse businesses in its portfolio as a publishing company, a TV station, a newspaper and radio stations. Ensign Peak Advisors has a $547 million stake in the second-biggest payment processor in the world. It may be no surprise that a growing pioneer-era church with millions of members and devoted to acquiring land, cultivating crops, erecting temples and building Zion would today hold vast expanses of property. Today, it has a fleet of 341 aircraft that fly to 189 destinations. Its in Salt Lake City, Utah. This land portfolio would represent about a third of whats in Ensign Peak, which is only part of the churchs investment holdings. Hawaii Reserves. Also, my brother in law, Todd Pedersen who started Vivint. You and our so called government treats our Veterans the same way. They are living up to their full potential and it reminds me to do the same. Eighty percent of UVU students are Mormon. Conversely, Utah is the equivalent of a Latter-day Saint Vatican, at least in terms of property ownership. There are 8,590 companies in the The Church of Jesus Christ of Latter-Day Saints corporate family. Ive stayed in Fair Field, Townsend Suits, Court Yard, and the Residence Inn and none of the ones I stayed in had anything like that and I really appreciate that. Thats ridiculous. 6. The church also owns a complex in Austin and another in Minnetonka, Minn., both valued at over $40 million. She blogs at www.breannaolaveson.com. He is the Founder and General Partner at Grande Ventures, LLC. Members of The Church of Jesus Christ of Latter-day Saints are known for being honest, philanthropic, goal-driven, successful people a perfect combination for business success. Thermo Fisher Scientific operates in four segments: Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics and Laboratory Product and Biopharma Services. 1. This country needs more companies like the ones listed, based on honesty and integrity. Dont forget Rex Maughan owner of Forever Living Products and Resorts. LDS Church wants to light up a temple in a place that prides itself on dark skies, For husband-and-wife team, this new restaurant is the culmination of a decadeslong dream, apartment tower across the street from a temple, church just announced plans to build a temple, $209 million to buy Easterday ranch properties, reporting in federal filings a stock account above $52 billion. JPMorgan Chase & Co. (NYSE:JPM) recently announced zero-emissions targets by 2050 for three more sectors in its financing portfolio aviation, iron & steel, and cement. Like saying here is a list of left handed business owners, makes no sense. In 2019, a former employee of Ensign made a whistleblower report to the IRS alleging that the church held over $100 billion of assets in a large investment fund. I have a kindly suggestion for most of the individuals who wrote in. The owner is Catholic and is not owned by an individual. Amazing. The Mormon Global Business Empire Holy Holdings. A total of 75 hedge funds of the 920 funds tracked by Insider Monkey are bullish on Exxon Mobil Corporation (NYSE:XOM) as of the end of the third quarter. Maybe the approvers were the same who brought us food grown from seed that has been injected with foreign material from other speciesya think? The Mormon Global Business Empire Holy Holdings. Required fields are marked *. He launched a new Brazilian airline called Azul in 2008. The Mormon Church holdings are in or are owned by the Church are as follows: JetBlue is Americas seventh-largest airline, particularly classified as one of the major low-budget airlines in the country.