Comments about ‘Becker, Mormon church honored for Salt Lake progress’
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Where would one logically think the seed money came from? What does seeking honest accountability have to do with dragging people or a church down? Could it be you that would rather not know the truth. The bottom lime is its the money of the LDS Church.
Yes the very first money ever used by the Church was probably tithing money. But it also could have been an owner of a business making a large donation to the church and not tithing that gave the church this financial boost.
Actually the Church pays taxes on funds and land held by Zion's Securities Corporation, although they could actually get tax exempt status for those operations, but chose instead to pay the taxes.
The vast majority of tax exempt organizations are non-religious in nature. Credit Unions are among the long list of tax exempt organizations.
Where did the seed money for LDS owned business come from? I can tell you one source that is probably exemplary. ZCMI (Zions Cooperative Mercantile Institution)was church initiative. It began as a co-op that morphed into a regular department store owned in whole, then in part, then not at all by the LDS church. The Profits from its sale may well be funding a portion of the City Creek Center today. There are many other pioneer enterprises which over the years have produced substantial(and taxable) profits and rents.
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