With regard to print, the church owns Utahs oldest daily newspaper, titled Deseret News, which has been continually published since 1850. Ensign Peak Advisors owns a $775 million stake in Johnson & Johnson (NYSE:JNJ) as of the end of the third quarter of 2022. Examples in Philadelphia (including a 30-plus-story apartment tower across the street from a temple), Chicago (a 40-story residential tower in the South Loop) and other cities offer distinct echoes of the mixed-use development model found at City Creek Center, with its stores, restaurants, condominiums and apartments near Salt Lake Citys Temple Square. Generally, businesses that serve the church or its members directly for religious or service purposes are non-profit companies. 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. Eighty percent of UVU students are Mormon. Required fields are marked *. Paganost that use christian label. Bonneville Communications Full service marketing firm. Commonly titled as the Church of Jesus Christ of Latter-day Saints, the Mormons have business investments in radio stations, insurance businesses, cattle ranches, amongst many others. Look what they are doing for the community of Hamilton Missouri. Its a mediator of electronic transfer of funds visa debit, visa, and prepaid cards across the globe. Your brother in law is a jerk, and quite frankly I would not admit to being related to him. Of course Glenn Beck needs to be included! They work! She blogs at www.breannaolaveson.com. `. No the Mormon church does not own Coca-cola. Amazons the worlds largest technology company specializing in e-commerce, artificial intelligence, cloud computing, and digital streaming. "If it goes up, I'll short more," Miller added. Media. I find your remarks very offensive, uncharitable, and judgmental. The database details a total of at least 181,000 acres in empty residential lands and vacant farmlands in larger and rapidly growing metro areas, places such as Tulsa, Okla.; Kansas City, Mo. Breanna Olaveson worked in the magazine industry before taking her writing from full-time to nap time with the birth of her first daughter. In the pandemic recession of 2020, the aggregate earnings of the portfolios we manage did not decline year-over-year, and in fact grew, albeit modestly. Also in the finance area, it owns Ensign Peak Advisors, an investment advisory firm. as well as other partner offers and accept our, Alex Tai/SOPA Images/LightRocket via Getty Images, Visit Business Insider's homepage for more stories, The Wall Street Journal reported this month, Registration on or use of this site constitutes acceptance of our. In terms of acreage, the properties listed though likely undercounted and undervalued exceed several estimates by scholars of the faiths domestic landownership. JPMorgan Chase & Co. (NYSE:JPM) is the most popular bank stock among elite hedge funds. The company also announced a new stock buyback program of up to $9 billion of its class A stock. The Mormon Church's fund has a $522 million stake in Walmart Inc. (NYSE:WMT), one of the most stable companies out there. Exactly, I dont get why Glenn is so controversial. 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. Intel manufactures semiconductor chips, microprocessors, and other computer processors. And this tally excludes huge church landholdings internationally. Ensign Peak Advisors has a $569 million stake in Tesla Inc. (NASDAQ:TSLA). Disclosure: None. The Coca-Cola Company owns Coca-Cola. Do Mormons drink Coke or Pepsi? Hotels are often owned by local investors, and operators or franchisors like Marriott are hired to run the hotel and provide the branding. Walmart Inc. (NYSE:WMT) has increased its dividends consistently for the last 49 years. The companies in the article are household names. Tithing is the Lords law of finance. City Creek Centre comprises an open-air mall, residential buildings, offices, and simulated creeks. And even that all but certainly lowballs the actual value of all the U.S. land the church owns. Wrong. Farms, ranches, pastures, orchards and other agricultural lands under church ownership stretch horizon to horizon, with tens of thousands of contiguous acres in many cases. 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. The church owns the Beneficial Financial Group, formerly the churchs life insurance arm known as the Beneficial Life Insurance Company but now focused on financial services. There are different advantages to both, depending on the purpose. JetBlue Airways Chairman and former CEO David Neeleman speaks at Bermuda International Airport on the occasion of the Inaugural Flight from JFK to BDA. This March, the LDS Church opened a megamall across the street from its neo-Gothic temple in Salt Lake City. (NASDAQ: ZION), one of the nation's premier financial services companies, with total assets exceeding $65 billion. 64% of the shares of Coca-cola are owned by over 1,400 different groups and individuals. The total value of these stakes was $13.9 billion. I take the statement to mean that current and future contracts (with local owners) disallow pornography. President Gordon B. Hinckley explained it best when he said, We have a few income-producing business properties, but the return from these would keep the Church going only for a very short time. There is no other financial law like it. Deseret Ranch. How many companies does the LDS Church own? The Church has a $533 million stake in JPMorgan Chase & Co. (NYSE:JPM) via Ensign Peak Advisors as of the end of the third quarter of 2022. Its holdings include acres assessed for use as island resorts, hotels, airports, golf courses, amusement parks, theaters, vineyards, warehouses, truck stations, funeral homes, health clubs, mines and cemeteries. He is much more than an entertainer. Mormons Stephen R. Covey and Hyrum W. Smithfounded the company, which provides time management training and products based on the writings of Covey and Benjamin Franklin. His blessings are for the care of the soul. Looking at the Great Recession which began at year-end 2007 and lasted to mid-year 2009 is helpful too. The company has increased its payouts consistently for the past 60 years. The Tribune found several high-dollar church properties missing from the database, for instance, including some held under other church companies. This additive occurs naturally, it is truebut never in food. Can Mormons work in casinos? Otherwise, liquor, smoking and pornography industries would never flourish. Outside the contiguous U.S., the tally confirms the lucrative value of church properties in Honolulu as well as around Brigham Young University-Hawaii and the Polynesian Cultural Center, both in Laie. Headquartered in Provo, Nu Skin Enterprises was founded by Mormon Blake M. Roney and others. Its in Salt Lake City, Utah. The company is a global alternative investment firm that specializes in private equity, venture capital and other areas and manages more than $75 billion today. Deseret Ranch. I did not know some of these companies were owned by LDS people, and Im sure there are many more. Agreedall LDS should living/teaching concepts from scriptures Nothing wrong with that. Paying tithing [donations] is more of a sense of commitment than it is the church needing the moneySo they never wanted to be in a position where people felt like, you know, they shouldnt make a contribution, Clarke reportedly said. [The churchs] decision to invest in our downtown sent a great signal to the rest of the smart investors that said, Well, gee, if theyre doing it, thats a sign that its got potential.. he was known to sit on the back row of his companys planes, The Church of Jesus Christ of Latter-day Saints, Bonneville International Media holding company. In Alaska, the faith owns several multimillion-dollar properties in Anchorage and even a small lot in the North Pole, a town in the Fairbanks North Star Borough. TheDeseret Newsis a newspaper published inSalt Lake City,Utah,United States. City Creek Center. The hospitality company has more than 4,000 properties in more than 80 countries and territories. Like everyone, our lives have changed greatly in the past two years, foundation co-founders Ryan McKnight and Ethan Gregory Dodge wrote in an account accompanying the release on the groups website, and we both feel this is the best decision moving forward for our personal and family lives.. Orson Hyde [1] Hyde spent a week in Rotterdam and Amsterdam preaching to rabbis . What is wrong with this picture???? Vaccine and healthcare products maker Johnson & Johnson (NYSE:JNJ) is also among the biggest holdings of the Mormon Church. The companies are: Real. The church owned 15 hospitals, but Intermountain Health took over those hospitals in 1974. He launched a new Brazilian airline called Azul in 2008. Black & Decker Corporation. The company isa global alternative investment firm thatspecializes in private equity, venture capital and other areas and manages more than$75 billion today. (John Raoux | AP) A sign for the LDS Church-owned Deseret Ranch offices in Deseret Ranch, Fla., in 2015. The owner is Catholic and is not owned by an individual. Here are 10 powerhouse businesses owned, founded or headed by LDS people. 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. The fund first bought a stake in the company back in the fourth quarter of 2019. By clicking Sign up, you agree to receive marketing emails from Insider Dont forget Bruce Jessen, whose company, Mitchell Jessen & Associates, designed enhanced interrogation techniques (a menu of 20 enhanced techniques including waterboarding, sleep deprivation and stress positions described as sadistic and terrifying) for the CIA and was paid $80 million. We all have something valuable to give, nest ce-pas? Of the 920 hedge funds tracked by Insider Monkey, 92 hedge funds had stakes in Merck & Co., Inc. (NYSE:MRK), compared to 79 funds in the previous quarter. Moroni Channel is an independent media based in the United States of America. Answer (1 of 3): This is from Zions Bank website so is probably more likely to be correct than some teller providing an answer. The richest Mormon in the world is: Dr. David R. Huber, Ph.D. Mormons, more properly referred to as Latter-day Saints or members of The Church of Jesus Christ of Latter-day Saints, worship God the Father and His Son Jesus Christ. Though some of the food is sold commercially, its unknown just how much of the production is income-generating and how much goes toward the churchs far-reaching humanitarian operations and support for members worldwide. The notion of owning land as a financial safeguard against devastation, both personally and at a community level, has remained deeply embedded in Mormon culture almost since the faiths 1830 founding. For example, Beehive Clothing (the company that makes garments and temple clothing) or Deseret Industries are non-profit organizations. Last month, investment firm Baird added Meta Platforms, Inc. (NASDAQ:META) in its top stock picks list for 2023. Thermo Fisher Scientific continues to see organic growth in the high single digits with acquisitions increasing their overall portfolio composition and gaining market share.. Walmart Inc. (NYSE:WMT) has increased its dividends consistently for the . (The Church of Jesus Christ of Latter-day Saints) Renovations to the temple in Mesa, Ariz., included a new visitors' center and residential/retail construction owned by the church, similar to Salt Lake City's City Creek Center, though on a smaller scale. Mormon in America: JetBlue founder on going from missionary to entrepreneur. He is currently serving as president of the Provo Utah Temple. No the Mormon church does not own Coca-cola. I know nothing about real estate development, except that they arent making any more land, he said. Thats why Im here too! What does the LDS Church own in Utah? You can't talk about morals or values because lying to your own membership means you don't have either. Deseret is the oldest publishing newspaper in Salt Lake City, Utah. Ive been told different things in the past few years regarding the Mormon Church and I didnt really believe them. It eschews businesses that Mormons find objectionable, The Wall Street Journal reported this month, which likely explains why it isn't an investor in tobacco titan Philip Morris, gambling giant Caesars Entertainment, or caffeine sellers such as Starbucks and Coca-Cola. What companies do the LDS Church own? A cursory look at the list shows that the Mormon Church is invested in major, blue-chip companies and also have large positions in big tech companies. Mormo means demon one short letter of a n. Mormon are follwers of satan . 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]. How about the Missouri Star Quilt Company?? At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. Ensign Peak Advisors had a $40 billion stock portfolio at the end of 2019, SEC filings show. A lot has happened with Glenn Beck since his days at Fox. sltrib.com 1996-2023 The Salt Lake Tribune. Here is what Stewart Asset Management has to say about Mastercard Incorporated (NYSE:MA) in its Q3 2022 investor letter: We invest in businesses with strong, resilient earnings growth which are less cyclical. Tickets cost anywhere from $35.95 to $228.95. Netherlands. 177 funds in our database reported having stakes in Meta Platforms, Inc. (NASDAQ:META) at the end of September last year, compared to 185 funds at the end of the second quarter. Mormon David Neeleman founded JetBlue in 1999, though it was called NewAir at the time. Franklin Covey Co. was founded in 1997 and is based in West Valley City, Utah. Information shared are subject to our Privacy Policy. Its Eastern holdings sweep down into Key West on the southernmost tip of Florida one of three states (besides Utah and California) on this list with at least $1 billion in church-owned land. In media, the Mormon church owns Deseret Digital Media, a company that produces content for its multiple website properties and oversees their operations. compare the sales numbers of the listed companies against the sales numbers of those small companies and then tell me again that they should be listed in a grouping of power house businesses owned by Mormons.. You people who mention those types of businesses should be on this type of list TRULY NEED to find employment outside of the state of Utah for a few years to realize that the world is much larger than the bubble of Happy Valley.. Young Living recorded 1 billion dollars in sales for 2016. With regard to print, the church owns Utah's oldest daily newspaper, titled "Deseret News," which has been continually published since 1850. Dont forget David Stirling CEO of DoTerra Essential Oils. There is no "the Mormon Church" and never has been. There also were. It. He and his wife, Margaret, have seven sons and one daughter. What company does the Mormon Church own? Interestingly, your list excluded probably the wealthiest LDS businessman Steven Hazy, founder of International Lease Corporation and reported by Forbes to have a net worth of at least $3.7 Billion (more than Huntsman, Marriott or for that matter, any one else on the list). He and his wife, Margaret, have seven sons and one daughter. Real estate prized alongside entrepreneurialism by church leaders as a means of expansion since the days of early founder Joseph Smith and pioneer-prophet Brigham Young has now blossomed into a multibillion-dollar affair, spanning continents. The data was built from a digital sifting of public property records in all U.S. counties. Much of what he makes goes to worthy causes, like his current project to help the Christian refugees in the Middle East find safety. Your email address will not be published. When he became president and CEO in 1986, he was the youngest CEO of a Fortune 500 Company at age 42. (John Raoux | AP) Cowboys herd cattle from one pasture to another at the LDS Church-owned Deseret Ranch in Deseret Ranch, Fla., in 2015. According to its 2010 tax filing, the center had net assets worth $70 million and collected $23 million in ticket sales alone, while also receiving $36 million in donations or gifts. Germany. Insurance. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. From an humble start in 2008 to now, they have surpassed 1 billon on sales, no sales direct company has accomplished such success. In Fayette, New York, Joseph Smith, founder of The Church of Jesus Christ of Latter-day Saints (also known as the Mormon Church), organizes the Church of Christ during a meeting with a small group . I never could understand if they dont want their members to drink this beverage why sell it. 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. The alphabet was created when Google was restructured, making it the parent company of Google and its former subsidiaries. Each Marriott hotel room has a Bible as well as a copy of The Book of Mormon, and in 2011, the company announced that pornography would not be offered as entertainment in new hotel rooms. [Read more: After exposing LDS Church wealth, apostle pay and abuse allegations, the nonprofit is shutting down. Frequently clustered around Latter-day Saint temples, the portfolios most lucrative commercial holdings feature in the countrys top downtown cores. Since 1894, the LDS church has sent representatives around the world to collect records from churches, governments, libraries, and more. Earlier, it was just a TV and radio network but has grown since then. Over the years, dozens of Mormons have made significant contributions to business and started their own corporate powerhouses. No part of this content or the data or information included therein may be reproduced, republished or redistributed without the prior written consentof the Publisher & Moroni Channel except in the case of brief quotations embodied in critical reviews and certain othernoncommercial and church uses and purposes permitted by copyright laws. The WSJ interviewed Roger Clarke, the head of Ensign Peak at the time, who said that the fund and its size was kept a secret because the church relies on donations and public revelations about the investment fund could possibly discourage potential donors. Im staying at a Wyndham this weekend and couldnt remember if it was LDS based. And if anyone would choose to look at employees statistics on any of these companies it would easily proved. 1841. (KUTV) The LDS Church has connections to or owns U.S. stock market holdings valued at at least $32 billion according to information gathered from an independent website.The church officially . Most notably in various tech companies, including Apple, Google, and Microsoft. Try kind words. We all have many and varied opinions, but I dont see how, in a forum like this, its beneficial to squabble. Real Estate. Um, there is a huge omission here. 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. I have heard people criticize Stephen Covey for the same reasonsI dont like him cuz hes making millions by selling Book of Mormon ideas The way I see it whatever it takes to spread the message and help others be better, happier people makes the world a better place. 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. Answer (1 of 3): Churches do not own companies. All you do is treat them like CRAP. Agriculture. A lot of people on here naming niche or regional companies. He is my Hero standing for truth and God. It is believed that the largest farm owned by the Church of Jesus Christ is the 312,000 acre ranch in Florida where cattle are raised. FREE FOR THE REST OF THEIR LIVES. During this same period,Mastercards (NYSE:MA) earnings almost tripled. Since its launch in 2015, it featured groundbreaking news and stories about the Latter-day Saint community. With an over 4% dividend yield, COP is a solid dividend payer, which also increased its payout in November last year. Where does the Mormon Church own land in the world? Coke is a big company, and thus too big to be owned by a single person or entity. This week (July 28, 2017) our daughter-in-law attending a LulaRoe convention in California where over 20,000 sales reps attended. On an article published by LDS Daily they revealed Church owned companies, and that the church owns and manages two different types of businesses non-profit and for-profit. Indeed, missionaries from Salt Lake City settled in Las Vegas Valley in 1851; the Old Mormon Fort is the oldest building still extant in Las Vegas. To GTRPLR, It makes me sick. The vast majority of church properties in the new database are categorized by county assessors for worship, making them tax-exempt. Glenn Beck has been a devoted Mormon for over ten years. The Blackstone Group is the majority owner of Ancestry. Ensign Peak has a $395 million stake in Thermo Fisher Scientific Inc. (NYSE:TMO) as of the end of the third quarter of 2022. In an interview with CNBC, Miller said that he does not think Tesla is worth more than the top 5 automakers in the world combined.. They are living up to their full potential and it reminds me to do the same. Blackstone purchased a majority stake for $4.7 billion in August 2020. Frankly, some members ought to study the doctrine a little better. The Mormon Church's secretive $100 billion investment fund revealed massive stakes in Microsoft, Apple, and other tech titans for the first time this month. Good job for these people and I know others small but very good companies and good products like Do Terra oils. The Mormons are known for their holy holdings in the US. People want to include Vivint ($564M 2014 annual revenue), DoTerra ($325M estd 2015 revenue), Young Living ($163M in 2010), Missouri Star Quilt Company ($18M), Instafire (approximately $200K)?!?!?! 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. Seriously!!! It seems like it is saying we used to allow pornography, but now we dont? Try InstaFire its better than a peck on the head with a sharp rock! A whistleblower recently exposed Ensign as one of the world's biggest funds, ranking alongside SoftBank's Vision Fund in terms of assets. Last month, it was reported that Johnson & Johnson (NYSE:JNJ) and Merck's (NYSE:MRK) Ebola vaccines posted strong results. So here are the list of large businesses in no particular order that are owned by Latter-day Saints and the church. Donate to the newsroom now. Merck & Co., Inc. (NYSE:MRK) has increased its dividend for the past 12 years without a break. Today, it has a fleet of 341 aircraft that fly to 189 destinations. The list contains up to $696 million or more in residential lands, vacant spaces and other swaths in Americas suburbs, much of it poised for development. [Read more: How the latest data on the LDS Churchs landholdings came to be.]. Ensign Peak has a $449 million stake in Meta Platforms, Inc. (NASDAQ:META) as of the end of the third quarter. One church-backed project in the Mormon-settled suburb of Mesa, Ariz., could be dubbed City Creek South. I was born into the Mormon Church. Or was he merely spreading the Gospel while making millions doing it? Glenn Beck is absolutely more than an entertainer and he absolutely runs his media empire which he built from nothing over the past five or so years since he left Fox. On April 26, the creators of the popular series addressed concerns in a Facebook post, making it clear that the series is not produced by members of the Church of Jesus Christ of Latter-day Saints. Cloud, Fla. From thousands of acres of farmlands to thousands of places of worship and from shiny commercial enclaves in urban centers to flowing fields in swelling suburbs, a newly released list shows The Church of Jesus Christ of Latter-day Saints owns U.S. properties valued at nearly $16 billion and ranks the Utah-based faith among the nations top private landholders. (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 estimated cost of the emporium, which features a retractable glass roof and fountains that spew choreographed bouts of water and fire, is $2 billion. Maybe the approvers were the same who brought us food grown from seed that has been injected with foreign material from other speciesya think? What of the hundreds of thousands of faithfulness 3rd world saints who pay their tithing but will never be able to to enjoy a Marriott hotel room? The foundation announced Monday it was ceasing operations, making the property investigation its last project published under the Truth & Transparency name. The Church of Jesus Christ of Latter-day Saints - which has been officially called that since 1838 - does not wholly own Marriott International. 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 proceedings. In 2020 it managed about $100 billion in assets. Access your favorite topics in a personalized feed while you're on the go. But in the last few years Ive been going all the time. Chad Pomeroy, a law professor at St. Marys University in San Antonio, wrote a 2019 article decrying a lack of financial transparency required of the church, given its tax-exempt status as a religion and a relative lack of financial reporting for all churches in the U.S. For all the churchs documented U.S. land wealth, scholarly research shows the denomination owns and manages large reserves of land in Britain of a size rivaling the royal estate along with massive acreages in Canada, Mexico, Brazil, Argentina and Australia. That bothers some members and nonmembers alike. Glenn Beck is a big one you missed and what about the founder of Vivint Security and Solar, Todd Pedersen. 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. Thank you David Neeleman, J. Willard, Alan Ashton, Jonathon Coon, Mitt Romney, Romney Coleman, Nolan Archibald, Stephen R. Covey, Hyrum W. Smith, Jon Meade Huntsman Sr., Ralph Atkin, Blake Roney, Glenn Beck and everyone else who is living up to their full measure. 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. In the meanwhile, the total value was calculated to be $46.5 billion. I have a kindly suggestion for most of the individuals who wrote in. Her work has appeared in the Ensign, Liahona and New Era magazines, as well as Utah Valley Magazine, Utah Valley BusinessQ, Utah Valley Bride and the Provo Daily Herald. The hospitality company has more than 4,000 properties in more than 80 countries and territories. It was initially meant to fly businessmen from St. George to Salt Lake City, and after some struggles, the company expanded across the western United States. They the top and I mean TOP MEDICAL HELP. For the official Church website, visit, Copyright 2022 by Moroni Groups. (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. Tried to be nice to the guy and he found it prudent to make fun of me and my child. When all is said and done, the only real wealth of the Church is the faith of its people.. ], In fact, Truth & Transparency believes its findings suggest the church has the most valuable private real estate portfolio in the U.S.. It was established in 1966 by church president David O. McKay to hold already-existing church assets. The LDS Church operates a welfare distribution system, as it encourages members to seek financial assistance from family and the church first before seeking public or state-sponsored welfare. He is the brains behind The Blaze. (Jeremy Harmon | The Salt Lake Tribune) The Philadelphia Pennsylvania Temple is seen in the distance behind a new housing development built by The Church of Jesus Christ of Latter-day Saints in 2016. Patrick Mason, head of Mormon history and culture at Utah State University in Logan, called the $15.8 billion total a staggering sum., It helps us appreciate just how remarkably successful the church has been over the past half-century or more, Mason said, in transforming itself from a local, Intermountain West-based sectarian religion to one that really is pervasive throughout the United States..
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