How The Mormons Make Money - Bloomberg article

[_Drifting]

Actually your ratio is flawed.
Humanitarian aid expenditure is 0.7% of the Church's income.
What does all the rest of the $8 billion a year get spent on (as well as shopping obviously)?

i was giving both of yo the benefit of the doubt due to operating expenses....nevertheless, my conclusion is valid and your ego will never publicly admit that you do nothing for the children of Africa...but you do not have admit it...for it is already known here.

Nice try subby.

Perhaps you would consider helping....

Meet Fatimata - a 14 year old girl who works in a gold mine
Fatimata, a 14 year old girl in Niger spends her time working in a gold mine. This isn’t by choice – the West Africa food crisis has hit her family hard. After their livestock died the family had no other option but to work in the mine.
The boys and  men  risk their lives by going deep underground to mine for gold in shafts and tunnels that are not secured and often collapse. The women and girls work around the edge of the mine sifting the silt for gold.
The work is physical and hard. The environment is harsh with temperatures soaring well over forty degrees Celsius. Every day Fatimata and her grandmother collect and sift the silt in hope of finding flecks of gold.
Fatimata wishes she didn’t have to do this work and would much prefer to stay at home and go to school. But the level of the food crisis has meant that the whole family must work to provide for each other.
‘I always feel hungry, my stomach hurts and I have a headache.’
However like any other 14 year old girl she likes playing:
‘After work if I’m not too tired I like to play babysitting with my friends. We’ll wrap up a flip flop and pretend it is a baby.’

http://www.worldvision.org.uk/get-invol ... gold-mine/

Some of that gold ends up in the jewellry that is sold in Tiffney's store in the $5 billion shopping Mall in City Creek...

[_subgenius]

Some of that gold ends up in the jewellry that is sold in Tiffney's store in the $5 billion shopping Mall in City Creek...

nice link to World Vision...talk about hypocritical, i doubt even the sincerity of that story...WV fleeces donors and is hardly the reputable "charity" you would want to evoke in contrast to the LDS Church (unless you were trying to elevate the Mormons, then thank you - success)

"Posted by reginaashermann | February 7, 2011 7:29:26 AM
I worked for World Vision abroad. My experience is that not only does WV push fundamentalism but also wastes a lot of donor money. Their projects are not well supervised which opens the door for corruption. They only want nice reports to impress donors and do not care about quality of the projects."

"Posted by scb | February 2, 2011 6:19:23 AM
Seeing that the salaries, (paid by the donors who ARE "World Vision", WV doesn't exsist without the donors),are openly and "SHAMELESSLY" posted for all to see- smacks of entitlement and arrogance. WV gives a "secularly reasoned" response to defend the appropriateness of these salaries"

"Posted by tredre | December 14, 2010 5:53:13 AM
I heard $300k as the highest salary mentioned.
The cost to sponsor a child for one year at $35 is $420 dollars.
There are over 1000 kids on WV main site that need sponsorship. The CEO could forfeit his salary(if its $300,000) could sponsor over 700 of them."

$380,609 Richard E. Stearns President of World Vision

WV TOTAL REVENUE $1,221,382,724

EXPENSES
Program Expenses $1,065,936,809
Administrative Expenses $48,935,170 <---salaries and website design?
Fundraising Expenses $91,015,041 <--------really nice parties and dinners?

So, 20% of revenue is eaten by the company...and what qualifies as a "program expense" is ambiguous at best...probably things like 1st class flight to visit Africa, hotel and accommodations when "training", etc..

hmmm...and these guys are actually "favorable" when rated among charities.....so, what was your complaint again?

[_Drifting]

Some of that gold ends up in the jewellry that is sold in Tiffney's store in the $5 billion shopping Mall in City Creek...

nice link to World Vision...talk about hypocritical, i doubt even the sincerity of that story...WV fleeces donors and is hardly the reputable "charity" you would want to evoke in contrast to the LDS Church (unless you were trying to elevate the Mormons, then thank you - success)

"Posted by reginaashermann | February 7, 2011 7:29:26 AM
I worked for World Vision abroad. My experience is that not only does WV push fundamentalism but also wastes a lot of donor money. Their projects are not well supervised which opens the door for corruption. They only want nice reports to impress donors and do not care about quality of the projects."

"Posted by scb | February 2, 2011 6:19:23 AM
Seeing that the salaries, (paid by the donors who ARE "World Vision", WV doesn't exsist without the donors),are openly and "SHAMELESSLY" posted for all to see- smacks of entitlement and arrogance. WV gives a "secularly reasoned" response to defend the appropriateness of these salaries"

"Posted by tredre | December 14, 2010 5:53:13 AM
I heard $300k as the highest salary mentioned.
The cost to sponsor a child for one year at $35 is $420 dollars.
There are over 1000 kids on WV main site that need sponsorship. The CEO could forfeit his salary(if its $300,000) could sponsor over 700 of them."

$380,609 Richard E. Stearns President of World Vision

WV TOTAL REVENUE $1,221,382,724

EXPENSES
Program Expenses $1,065,936,809
Administrative Expenses $48,935,170 <---salaries and website design?
Fundraising Expenses $91,015,041 <--------really nice parties and dinners?

So, 20% of revenue is eaten by the company...and what qualifies as a "program expense" is ambiguous at best...probably things like 1st class flight to visit Africa, hotel and accommodations when "training", etc..

hmmm...and these guys are actually "favorable" when rated among charities.....so, what was your complaint again?

That's great information subby, see if you can get your hands the Church's financials so we can do a quick comparison....


http://www.redcross.org.uk/Donate-Now/M ... nd-Appeal/

[_subgenius]

That's great information subby, see if you can get your hands the Church's financials so we can do a quick comparison....


http://www.redcross.org.uk/Donate-Now/M ... nd-Appeal/

yet, as you try to change the topic, you still are a hypocrite and donate nothing to anyone other than the needy feller inside you.
I notice you have avoiding making any sort of claim as to what your "ration" is....because it would be so disarming for you to type "zero".

got it

[_Drifting]

That's great information subby, see if you can get your hands the Church's financials so we can do a quick comparison....


http://www.redcross.org.uk/Donate-Now/M ... nd-Appeal/

yet, as you try to change the topic, you still are a hypocrite and donate nothing to anyone other than the needy feller inside you.
I notice you have avoiding making any sort of claim as to what your "ration" is....because it would be so disarming for you to type "zero".

got it

When you start paying me 10% of your income I, unlike the Church, will provide an accounting of how I spend it.

[_son of Ishmael]

This whole argument reminds of people who say "I don't give money to the homeless, they will just use the money to buy drugs"


I wouldn't care if the church were to have used the $5,000,000,000 in Africa, South America, Asia or even in the US. You can't tell me that the mall was the best use for that money. There has to be a ton of better uses for it. Saying that the money would have been wasted had they tried to help the poor is utter nonsense.

[_Quasimodo]

Interesting, this morning I heard Kay Bailey Hutchison (Texas Senator) defend Romney's tax returns with the comment that he gives so much to charity that any low tax percentage he paid was offset by his humanitarian donations.

The reporter was not on the ball enough to point out that the "charity" he donates to is the Mormon church and the money goes to aiding disadvantaged shoppers by building a mega mall.