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Question #90401 posted on 10/06/2017 5:26 p.m.
Q:

Dear 100 Hour Board,

How does the church make financial decisions? Why were we willing to spend so much money for a manuscript?


-My Name Here

A:

Dear friend,

For those of you who don't know, the church recently bought the printer's manuscript of the Book of Mormon from the Community of Christ. However, an important thing to note is that all of those funds came from private donors. (By the way, this is the most that has ever been paid for a manuscript.) 

As far as making financial decisions, the LDS church has a massive financial department that closely monitors all usage of funds. Also, it's important to remember that using tithing and fast offering funds is much different than many of the other financial decisions the church makes. The church is extremely careful with its money, and is careful to keep tithing and church business money separate. For example, the living stipend for General Authorities comes from money from church business investments, and not from tithing. Decisions regarding tithing funds are partially decided by the presiding bishopric, and all business matters are decided by the financial department of the church. All of these decisions are overseen by the general authorities of the church.

Keep it real,
Sherpa Dave

A:

Dear you,

I just want to point out that the Church has a plan for making that money back:

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(source)

-guppy of doom