Questions about Tim Ballard
Tim Ballard, founder and former CEO of Operation Underground Railroad (OUR) and subject of the movie The Sound of Freedom, has been in the news lately. Here are some answers to common questions about him.
Why would the Church put tithing into investment portfolios?
Some individuals wonder why the Church puts tithing into investments instead of donating to the poor. President Gordon B. Hinckley explained that saving some tithing funds is a fundamental principle of Church finances:
In the financial operations of the Church, we have observed two basic and fixed principles: One, the Church will live within its means. It will not spend more than it receives. Two, a fixed percentage of the income will be set aside to build reserves against what might be called a possible “rainy day.”
Why doesn’t the Church provide public disclosure of its financial data?
Some have claimed that the Church ought to provide full disclosure of its financial records to members or interested on-lookers. Believing members typically believe that their tithes and offerings are consecrated gifts to God, and do not feel that they need a detailed accounting of their use. That said, the Church complies with all legal requirements for reporting income, business profits, and donations. These laws vary by country and political jurisdiction. But, the Church has no duty to provide more information than that required by law.