WTBTS investments

by enoughisenough 22 Replies latest watchtower beliefs

  • JeffT
    JeffT

    I will take a longer look at these documents when I get a minute. My initial impression of the Henrietta Riley documents is that some time five to ten years ago that entity divested itself of some or all of the problematic stocks.

    It is impossible to know if that was in response to criticism from places like this board or something else. The Watchtower has done a good job of hiding its money from any accountability.

    When I was first becoming a JW I did a simple calculation. At that time the society was printing about ten million copies of every issue of the Watchtower and Awake, which they sold for 25 cents, essentially these cost free as they used slave volunteer labor, and magazines were paid for by the publishers when picked up at the hall. This works out to something north of a hundred million dollars a year.

    Plus all the other stuff. When I asked an elder what they did with the money I got some blah blah blah about the world wide work. Fortunately I fifteen years later I left.

  • peacefulpete
    peacefulpete
    If your retirement or other investments involve Mutual funds or ETFs (and whose doesn't) you are likely also invested in pharmaceuticals, military contractors and tobacco. Not saying the church should be but we might be also.
  • Bartolomeo
    Bartolomeo

    The page https://clarencesisk.com/watchtower-investments/, however interesting, does not contain links to verifiable official documents, as is possible for the Henrietta investment fund. Is it possible to have more detailed and updated information on the investments that WT has in assets?

  • keinlezard
    keinlezard

    Hello Bartolomeo

    You must find the E990 form , I don't remembre exactly the years but WTBS owned parts in different society

    that , the organization qualifies of "evil" or in the "hands of Satan"

    I've got some old E990 if you're interested

    Best Regards

  • Newly Enlightened
    Newly Enlightened

    @Bartolomeo

    I used to get my documents on 'Citizen's Audit.org" but they charge for a subscription now.

    Here is the link to several of the Henrietta Riley IRS 990 forms https://projects.propublica.org/nonprofits/organizations/386043103

    This was in the NY Newsday Business site years ago, but you can still access it. Scroll down to WTBTS to see this. http://web.archive.org/web/20041011041523/http://www.newsday.com/business/printedition/ny-cvtop52369349sep17.story?coll=ny-business-print

    I'm looking for the site we had done a video about years ago, becaue it had a list from the Comerica management company that had a list of their investments. If you can find that, it was a several page list.


  • Newly Enlightened
    Newly Enlightened

    I found it!!! In the 2012 IRS 990 scroll down to theri list of investments

    https://www.jwfacts.com/pdf/riley-watchtower-trust-statement-2012.pdf

  • JeffT
    JeffT

    I need to spend a little time with this document to try to figure out what the hell they're doing. They claim 834K income on a three million dollar portfolio? That's almost a 1/3 profit!!! Then they claim over 700K in expenses. Something is not right with this.

  • Bartolomeo
    Bartolomeo

    Thanks to keinlezard and Newly Enlightened for yours kindly response!

    Not being an American, I find it quite difficult to understand these modules, however this part on page 6 seems interesting to me:


  • JeffT
    JeffT

    OK that one threw me for a loop for a minute. "Governing Body" has a distinct meaning for XJW's, one that is not shared by the IRS. In this case they mean "whoever is in charge" like a board of directors.

  • Newly Enlightened
    Newly Enlightened

    Had to do a sequel & clarify a few t hings & add to. i also found some more stuff.

    https://youtu.be/XDuFlFlUqG8

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